Maine Municipal Fund Market Value
| MEIMX Fund | USD 9.57 0.03 0.31% |
| Symbol | Maine |
Maine Municipal '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 Maine Municipal'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 Maine Municipal.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Maine Municipal on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Maine Municipal Fund or generate 0.0% return on investment in Maine Municipal over 60 days. Maine Municipal is related to or competes with Ultra-short Fixed, Gmo Global, Cutler Equity, The Hartford, Ms Global, Us Vector, and Rbc Ultra-short. The fund normally invests at least 80 percent of its net assets in municipal securities that pay interest free from fede... More
Maine Municipal 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 Maine Municipal'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 Maine Municipal Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5369 | |||
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.48 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.3209 |
Maine Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maine Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maine Municipal's standard deviation. In reality, there are many statistical measures that can use Maine Municipal historical prices to predict the future Maine Municipal's volatility.| Risk Adjusted Performance | 0.0097 | |||
| Jensen Alpha | 0.0111 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.0011 |
Maine Municipal Backtested Returns
At this stage we consider Maine Mutual Fund to be very steady. Maine Municipal has Sharpe Ratio of 0.0489, which conveys that the entity had a 0.0489% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Maine Municipal, which you can use to evaluate the volatility of the fund. Please verify Maine Municipal's Risk Adjusted Performance of 0.0097, mean deviation of 0.1513, and Downside Deviation of 0.5369 to check out if the risk estimate we provide is consistent with the expected return of 0.0135%. The fund secures a Beta (Market Risk) of -0.0931, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Maine Municipal are expected to decrease at a much lower rate. During the bear market, Maine Municipal is likely to outperform the market.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Maine Municipal Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Maine Municipal time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th of November 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 Maine Municipal price movement. The serial correlation of -0.76 indicates that around 76.0% of current Maine Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Maine Municipal lagged returns against current returns
Autocorrelation, which is Maine Municipal 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 Maine Municipal's mutual fund expected returns. We can calculate the autocorrelation of Maine Municipal returns to help us make a trade decision. For example, suppose you find that Maine Municipal 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 |
Maine Municipal 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 Maine Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maine Municipal mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maine Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Maine Municipal Lagged Returns
When evaluating Maine Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maine Municipal mutual fund have on its future price. Maine Municipal 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, Maine Municipal autocorrelation shows the relationship between Maine Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Maine Municipal Fund.
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 Maine Mutual Fund
Maine Municipal financial ratios help investors to determine whether Maine 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 Maine with respect to the benefits of owning Maine Municipal security.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |