Nebraska Municipal Fund Market Value
| NEITX Fund | USD 9.34 0.02 0.21% |
| Symbol | Nebraska |
Nebraska 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 Nebraska 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 Nebraska Municipal.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Nebraska Municipal on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Nebraska Municipal Fund or generate 0.0% return on investment in Nebraska Municipal over 570 days. Nebraska Municipal is related to or competes with Energy Basic, Franklin Natural, Short Oil, Icon Natural, and Hennessy. The fund normally invests at least 80 percent of its net assets in municipal securities that pay interest free from fede... More
Nebraska 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 Nebraska 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 Nebraska Municipal Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.62 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.4338 |
Nebraska Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nebraska Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nebraska Municipal's standard deviation. In reality, there are many statistical measures that can use Nebraska Municipal historical prices to predict the future Nebraska Municipal's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nebraska Municipal'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.
Nebraska Municipal Backtested Returns
Nebraska Municipal has Sharpe Ratio of -0.0095, which conveys that the entity had a -0.0095% return per unit of risk over the last 3 months. Nebraska Municipal exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nebraska Municipal's Standard Deviation of 0.2972, risk adjusted performance of (0.02), and Mean Deviation of 0.152 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0525, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nebraska Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nebraska Municipal is expected to be smaller as well.
Auto-correlation | 0.14 |
Insignificant predictability
Nebraska Municipal Fund has insignificant predictability. Overlapping area represents the amount of predictability between Nebraska Municipal time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Nebraska Municipal price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Nebraska Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nebraska Municipal lagged returns against current returns
Autocorrelation, which is Nebraska 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 Nebraska Municipal's mutual fund expected returns. We can calculate the autocorrelation of Nebraska Municipal returns to help us make a trade decision. For example, suppose you find that Nebraska 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 |
Nebraska 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 Nebraska Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nebraska 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 Nebraska Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nebraska Municipal Lagged Returns
When evaluating Nebraska Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nebraska Municipal mutual fund have on its future price. Nebraska 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, Nebraska Municipal autocorrelation shows the relationship between Nebraska Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nebraska 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 Nebraska Mutual Fund
Nebraska Municipal financial ratios help investors to determine whether Nebraska 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 Nebraska with respect to the benefits of owning Nebraska Municipal security.
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