Deutsche Massachusetts Tax Free Fund Market Value

SCMAX Fund  USD 13.21  0.01  0.08%   
Deutsche Massachusetts' market value is the price at which a share of Deutsche Massachusetts trades on a public exchange. It measures the collective expectations of Deutsche Massachusetts Tax Free investors about its performance. Deutsche Massachusetts is trading at 13.21 as of the 23rd of November 2024; that is 0.08 percent down since the beginning of the trading day. The fund's open price was 13.22.
With this module, you can estimate the performance of a buy and hold strategy of Deutsche Massachusetts Tax Free and determine expected loss or profit from investing in Deutsche Massachusetts over a given investment horizon. Check out Deutsche Massachusetts Correlation, Deutsche Massachusetts Volatility and Deutsche Massachusetts Alpha and Beta module to complement your research on Deutsche Massachusetts.
Symbol

Please note, there is a significant difference between Deutsche Massachusetts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Deutsche Massachusetts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Deutsche Massachusetts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Deutsche Massachusetts '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 Deutsche Massachusetts' 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 Deutsche Massachusetts.
0.00
12/04/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/23/2024
0.00
If you would invest  0.00  in Deutsche Massachusetts on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Deutsche Massachusetts Tax Free or generate 0.0% return on investment in Deutsche Massachusetts over 720 days. Deutsche Massachusetts is related to or competes with Ultrasmall-cap Profund, Small Cap, Palm Valley, Northern Small, Lord Abbett, Hennessy Nerstone, and American Century. Under normal circumstances, the fund invests at least 80 percent of net assets, plus the amount of any borrowings for in... More

Deutsche Massachusetts 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 Deutsche Massachusetts' 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 Deutsche Massachusetts Tax Free upside and downside potential and time the market with a certain degree of confidence.

Deutsche Massachusetts Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Massachusetts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Massachusetts' standard deviation. In reality, there are many statistical measures that can use Deutsche Massachusetts historical prices to predict the future Deutsche Massachusetts' volatility.
Hype
Prediction
LowEstimatedHigh
0.000.000.00
Details
Intrinsic
Valuation
LowRealHigh
0.000.000.00
Details
Naive
Forecast
LowNextHigh
13.2313.2313.23
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.2013.2113.22
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Deutsche Massachusetts. Your research has to be compared to or analyzed against Deutsche Massachusetts' peers to derive any actionable benefits. When done correctly, Deutsche Massachusetts' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Deutsche Massachusetts.

Deutsche Massachusetts Backtested Returns

At this stage we consider Deutsche Mutual Fund to be out of control. Deutsche Massachusetts secures Sharpe Ratio (or Efficiency) of 0.017, which denotes the fund had a 0.017% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Deutsche Massachusetts Tax Free, which you can use to evaluate the volatility of the entity. Please confirm Deutsche Massachusetts' Downside Deviation of 0.3051, coefficient of variation of 4514.19, and Mean Deviation of 0.1364 to check if the risk estimate we provide is consistent with the expected return of 0.0037%. The fund shows a Beta (market volatility) of 0.0356, which means not very significant fluctuations relative to the market. As returns on the market increase, Deutsche Massachusetts' returns are expected to increase less than the market. However, during the bear market, the loss of holding Deutsche Massachusetts is expected to be smaller as well.

Auto-correlation

    
  -0.42  

Modest reverse predictability

Deutsche Massachusetts Tax Free has modest reverse predictability. Overlapping area represents the amount of predictability between Deutsche Massachusetts time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Deutsche Massachusetts price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Deutsche Massachusetts price fluctuation can be explain by its past prices.
Correlation Coefficient-0.42
Spearman Rank Test-0.13
Residual Average0.0
Price Variance0.03

Deutsche Massachusetts lagged returns against current returns

Autocorrelation, which is Deutsche Massachusetts 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 Deutsche Massachusetts' mutual fund expected returns. We can calculate the autocorrelation of Deutsche Massachusetts returns to help us make a trade decision. For example, suppose you find that Deutsche Massachusetts 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  

Deutsche Massachusetts 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 Deutsche Massachusetts mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Massachusetts mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deutsche Massachusetts mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Deutsche Massachusetts Lagged Returns

When evaluating Deutsche Massachusetts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Massachusetts mutual fund have on its future price. Deutsche Massachusetts 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, Deutsche Massachusetts autocorrelation shows the relationship between Deutsche Massachusetts mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Massachusetts Tax Free.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Deutsche Mutual Fund

Deutsche Massachusetts financial ratios help investors to determine whether Deutsche 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 Deutsche with respect to the benefits of owning Deutsche Massachusetts security.
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