Municipal Total Return Fund Market Value
| NMTRX Fund | USD 10.27 0.02 0.20% |
| Symbol | Municipal |
Municipal Total '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 Municipal Total'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 Municipal Total.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Municipal Total on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Municipal Total Return or generate 0.0% return on investment in Municipal Total over 690 days. Municipal Total is related to or competes with Commonwealth Global, T Rowe, Dreyfus/standish, Rbc Global, Us Global, Kinetics Global, and Wasatch Global. Under normal market conditions, the Portfolio invests at least 80 percent of the sum of its net assets and the amount of... More
Municipal Total 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 Municipal Total'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 Municipal Total Return upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3567 | |||
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.28 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.3945 |
Municipal Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Municipal Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Municipal Total's standard deviation. In reality, there are many statistical measures that can use Municipal Total historical prices to predict the future Municipal Total's volatility.| Risk Adjusted Performance | 0.0378 | |||
| Jensen Alpha | 0.0177 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.30) | |||
| Treynor Ratio | (0.1) |
Municipal Total Return Backtested Returns
At this stage we consider Municipal Mutual Fund to be very steady. Municipal Total Return has Sharpe Ratio of 0.0641, which conveys that the entity had a 0.0641% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Municipal Total, which you can use to evaluate the volatility of the fund. Please verify Municipal Total's Mean Deviation of 0.1382, downside deviation of 0.3567, and Risk Adjusted Performance of 0.0378 to check out if the risk estimate we provide is consistent with the expected return of 0.0142%. The fund secures a Beta (Market Risk) of -0.0838, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Municipal Total are expected to decrease at a much lower rate. During the bear market, Municipal Total is likely to outperform the market.
Auto-correlation | -0.32 |
Poor reverse predictability
Municipal Total Return has poor reverse predictability. Overlapping area represents the amount of predictability between Municipal Total time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Municipal Total Return price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Municipal Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Municipal Total Return lagged returns against current returns
Autocorrelation, which is Municipal Total 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 Municipal Total's mutual fund expected returns. We can calculate the autocorrelation of Municipal Total returns to help us make a trade decision. For example, suppose you find that Municipal Total 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 |
Municipal Total 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 Municipal Total mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Municipal Total mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Municipal Total mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Municipal Total Lagged Returns
When evaluating Municipal Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Municipal Total mutual fund have on its future price. Municipal Total 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, Municipal Total autocorrelation shows the relationship between Municipal Total mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Municipal Total Return.
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 Municipal Mutual Fund
Municipal Total financial ratios help investors to determine whether Municipal 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 Municipal with respect to the benefits of owning Municipal Total security.
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