Federated Pennsylvania Municipal Fund Market Value
| PAMFX Fund | USD 10.14 0.02 0.20% |
| Symbol | FEDERATED |
Federated Pennsylvania '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 Pennsylvania'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 Pennsylvania.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Federated Pennsylvania on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Federated Pennsylvania Municipal or generate 0.0% return on investment in Federated Pennsylvania over 210 days. Federated Pennsylvania is related to or competes with Vanguard Pennsylvania, Vanguard Pennsylvania, Franklin Pennsylvania, HUMANA, Barloworld, Morningstar Unconstrained, and High-yield Municipal. The fund pursues its objective by investing in a portfolio of tax-exempt securities so that, normally, distributions of annual interest income are exempt from federal regular income tax and the Commonwealth of Pennsylvania personal income tax. More
Federated Pennsylvania 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 Pennsylvania'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 Pennsylvania Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3707 | |||
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 1.3 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.2979 |
Federated Pennsylvania Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Federated Pennsylvania's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Federated Pennsylvania's standard deviation. In reality, there are many statistical measures that can use Federated Pennsylvania historical prices to predict the future Federated Pennsylvania's volatility.| Risk Adjusted Performance | 0.0328 | |||
| Jensen Alpha | 0.0165 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | (0.09) |
Federated Pennsylvania Backtested Returns
At this stage we consider FEDERATED Mutual Fund to be very steady. Federated Pennsylvania secures Sharpe Ratio (or Efficiency) of 0.0616, which denotes the fund had a 0.0616% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Federated Pennsylvania Municipal, which you can use to evaluate the volatility of the entity. Please confirm Federated Pennsylvania's Coefficient Of Variation of 1353.89, downside deviation of 0.3707, and Mean Deviation of 0.143 to check if the risk estimate we provide is consistent with the expected return of 0.0142%. The fund shows a Beta (market volatility) of -0.0764, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Federated Pennsylvania are expected to decrease at a much lower rate. During the bear market, Federated Pennsylvania is likely to outperform the market.
Auto-correlation | -0.27 |
Weak reverse predictability
Federated Pennsylvania Municipal has weak reverse predictability. Overlapping area represents the amount of predictability between Federated Pennsylvania time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 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 Federated Pennsylvania price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Federated Pennsylvania price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Federated Pennsylvania lagged returns against current returns
Autocorrelation, which is Federated Pennsylvania 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 Pennsylvania's mutual fund expected returns. We can calculate the autocorrelation of Federated Pennsylvania returns to help us make a trade decision. For example, suppose you find that Federated Pennsylvania 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 Pennsylvania 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 Pennsylvania mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Federated Pennsylvania 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 Pennsylvania mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Federated Pennsylvania Lagged Returns
When evaluating Federated Pennsylvania's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Federated Pennsylvania mutual fund have on its future price. Federated Pennsylvania 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 Pennsylvania autocorrelation shows the relationship between Federated Pennsylvania mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Federated Pennsylvania 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 Pennsylvania 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 Pennsylvania security.
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