Tax Exempt High Yield Fund Market Value
| RTHSX Fund | USD 9.85 0.01 0.10% |
| Symbol | Tax-exempt |
Tax-exempt High '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 Tax-exempt High'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 Tax-exempt High.
| 05/28/2024 |
| 01/23/2025 |
If you would invest 0.00 in Tax-exempt High on May 28, 2024 and sell it all today you would earn a total of 0.00 from holding Tax Exempt High Yield or generate 0.0% return on investment in Tax-exempt High over 240 days. Tax-exempt High is related to or competes with Victory High, Prudential High, Lord Abbett, Siit High, and Msift High. The fund invests at least 80 percent of the value of its net assets plus borrowings for investment purposes in fixed inc... More
Tax-exempt High 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 Tax-exempt High'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 Tax Exempt High Yield upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 2.03 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.5112 |
Tax-exempt High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tax-exempt High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tax-exempt High's standard deviation. In reality, there are many statistical measures that can use Tax-exempt High historical prices to predict the future Tax-exempt High's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tax-exempt High'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.
Tax Exempt High Backtested Returns
At this stage we consider Tax-exempt Mutual Fund to be very steady. Tax Exempt High owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the fund had a close to zero % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Tax Exempt High Yield, which you can use to evaluate the volatility of the fund. Please validate Tax-exempt High's Coefficient Of Variation of (2,153), variance of 0.122, and Risk Adjusted Performance of (0.05) to confirm if the risk estimate we provide is consistent with the expected return of 0.0022%. The entity has a beta of 0.0913, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tax-exempt High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tax-exempt High is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
Tax Exempt High Yield has poor reverse predictability. Overlapping area represents the amount of predictability between Tax-exempt High time series from 28th of May 2024 to 25th of September 2024 and 25th of September 2024 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tax Exempt High price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Tax-exempt High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tax Exempt High lagged returns against current returns
Autocorrelation, which is Tax-exempt High 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 Tax-exempt High's mutual fund expected returns. We can calculate the autocorrelation of Tax-exempt High returns to help us make a trade decision. For example, suppose you find that Tax-exempt High 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 |
Tax-exempt High 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 Tax-exempt High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tax-exempt High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tax-exempt High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tax-exempt High Lagged Returns
When evaluating Tax-exempt High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tax-exempt High mutual fund have on its future price. Tax-exempt High 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, Tax-exempt High autocorrelation shows the relationship between Tax-exempt High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tax Exempt High Yield.
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 Tax-exempt Mutual Fund
Tax-exempt High financial ratios help investors to determine whether Tax-exempt 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 Tax-exempt with respect to the benefits of owning Tax-exempt High security.
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