Federated Ohio Municipal Fund Market Value
| OMIAX Fund | USD 10.50 0.02 0.19% |
| Symbol | FEDERATED |
Federated Ohio '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 Federated Ohio'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 Federated Ohio.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Federated Ohio on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Federated Ohio Municipal or generate 0.0% return on investment in Federated Ohio over 570 days. Federated Ohio is related to or competes with Vanguard Ohio, Franklin Ohio, Fidelity Ohio, HUMANA, Barloworld, Thrivent High, and Morningstar Unconstrained. The fund pursues its objective by investing in a portfolio of tax-exempt securities so that, normally, distributions of ... More
Federated Ohio 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 Federated Ohio'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 Federated Ohio Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3355 | |||
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.35 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.2874 |
Federated Ohio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Federated Ohio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Federated Ohio's standard deviation. In reality, there are many statistical measures that can use Federated Ohio historical prices to predict the future Federated Ohio's volatility.| Risk Adjusted Performance | 0.0162 | |||
| Jensen Alpha | 0.0114 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | (0.02) |
Federated Ohio Municipal Backtested Returns
At this stage we consider FEDERATED Mutual Fund to be very steady. Federated Ohio Municipal secures Sharpe Ratio (or Efficiency) of 0.0528, which denotes the fund had a 0.0528% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Federated Ohio Municipal, which you can use to evaluate the volatility of the entity. Please confirm Federated Ohio's Coefficient Of Variation of 1943.43, mean deviation of 0.1447, and Downside Deviation of 0.3355 to check if the risk estimate we provide is consistent with the expected return of 0.0124%. The fund shows a Beta (market volatility) of -0.0824, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Federated Ohio are expected to decrease at a much lower rate. During the bear market, Federated Ohio is likely to outperform the market.
Auto-correlation | 0.26 |
Poor predictability
Federated Ohio Municipal has poor predictability. Overlapping area represents the amount of predictability between Federated Ohio time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 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 Federated Ohio Municipal price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Federated Ohio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Federated Ohio Municipal lagged returns against current returns
Autocorrelation, which is Federated Ohio 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 Federated Ohio's mutual fund expected returns. We can calculate the autocorrelation of Federated Ohio returns to help us make a trade decision. For example, suppose you find that Federated Ohio 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 |
Federated Ohio 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 Federated Ohio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Federated Ohio mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Federated Ohio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Federated Ohio Lagged Returns
When evaluating Federated Ohio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Federated Ohio mutual fund have on its future price. Federated Ohio 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, Federated Ohio autocorrelation shows the relationship between Federated Ohio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Federated Ohio Municipal.
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 FEDERATED Mutual Fund
Federated Ohio financial ratios help investors to determine whether FEDERATED 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 FEDERATED with respect to the benefits of owning Federated Ohio security.
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