Limited Term Tax Fund Market Value
| LTXCX Fund | USD 15.44 0.02 0.13% |
| Symbol | Limited |
Limited Term 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Limited Term's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Limited Term.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Limited Term on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Limited Term Tax or generate 0.0% return on investment in Limited Term over 720 days. Limited Term is related to or competes with Maryland Tax-free, Gmo High, Rational/pier, Ab Bond, and The National. The fund will invest at least 80 percent of its assets in, or derive at least 80 percent of its income from, securities ... More
Limited Term Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Limited Term's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Limited Term Tax upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2462 | |||
| Information Ratio | (0.91) | |||
| Maximum Drawdown | 0.782 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.1935 |
Limited Term Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Limited Term's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Limited Term's standard deviation. In reality, there are many statistical measures that can use Limited Term historical prices to predict the future Limited Term's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.54) | |||
| Treynor Ratio | (0.43) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Limited Term's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Limited Term Tax Backtested Returns
At this stage we consider Limited Mutual Fund to be very steady. Limited Term Tax has Sharpe Ratio of 0.0282, which conveys that the entity had a 0.0282% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Limited Term, which you can use to evaluate the volatility of the fund. Please verify Limited Term's Risk Adjusted Performance of (0.02), downside deviation of 0.2462, and Mean Deviation of 0.0883 to check out if the risk estimate we provide is consistent with the expected return of 0.0042%. The fund secures a Beta (Market Risk) of 0.0135, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Limited Term's returns are expected to increase less than the market. However, during the bear market, the loss of holding Limited Term is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
Limited Term Tax has good reverse predictability. Overlapping area represents the amount of predictability between Limited Term time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Limited Term Tax price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Limited Term price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Limited Term Tax lagged returns against current returns
Autocorrelation, which is Limited Term mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Limited Term's mutual fund expected returns. We can calculate the autocorrelation of Limited Term returns to help us make a trade decision. For example, suppose you find that Limited Term has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Limited Term regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Limited Term mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Limited Term mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Limited Term mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Limited Term Lagged Returns
When evaluating Limited Term's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Limited Term mutual fund have on its future price. Limited Term autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Limited Term autocorrelation shows the relationship between Limited Term mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Limited Term Tax.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Limited Mutual Fund
Limited Term financial ratios help investors to determine whether Limited Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Limited with respect to the benefits of owning Limited Term security.
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