Stet Tax Advantaged Income Fund Market Value
| SEATX Fund | USD 9.46 0.02 0.21% |
| Symbol | Stet |
Stet Tax-advantaged '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 Stet Tax-advantaged'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 Stet Tax-advantaged.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Stet Tax-advantaged on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Stet Tax Advantaged Income or generate 0.0% return on investment in Stet Tax-advantaged over 180 days. Stet Tax-advantaged is related to or competes with Touchstone Premium, Maryland Tax, Rational/pier, Federated Ultrashort, California Bond, Artisan High, and Ms Global. The fund normally invests at least 50 percent of its net assets in municipal securities, such as bonds, that pay interes... More
Stet Tax-advantaged 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 Stet Tax-advantaged'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 Stet Tax Advantaged Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.354 | |||
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.39 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.3229 |
Stet Tax-advantaged Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stet Tax-advantaged's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stet Tax-advantaged's standard deviation. In reality, there are many statistical measures that can use Stet Tax-advantaged historical prices to predict the future Stet Tax-advantaged's volatility.| Risk Adjusted Performance | 0.0516 | |||
| Jensen Alpha | 0.0216 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stet Tax-advantaged'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.
Stet Tax Advantaged Backtested Returns
At this stage we consider Stet Mutual Fund to be very steady. Stet Tax Advantaged owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.065, which indicates the fund had a 0.065% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Stet Tax Advantaged Income, which you can use to evaluate the volatility of the fund. Please validate Stet Tax-advantaged's Coefficient Of Variation of 1032.81, risk adjusted performance of 0.0516, and Semi Deviation of 0.1712 to confirm if the risk estimate we provide is consistent with the expected return of 0.0152%. The entity has a beta of -0.0683, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Stet Tax-advantaged are expected to decrease at a much lower rate. During the bear market, Stet Tax-advantaged is likely to outperform the market.
Auto-correlation | -0.25 |
Weak reverse predictability
Stet Tax Advantaged Income has weak reverse predictability. Overlapping area represents the amount of predictability between Stet Tax-advantaged time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Stet Tax Advantaged price movement. The serial correlation of -0.25 indicates that over 25.0% of current Stet Tax-advantaged price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Stet Tax Advantaged lagged returns against current returns
Autocorrelation, which is Stet Tax-advantaged 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 Stet Tax-advantaged's mutual fund expected returns. We can calculate the autocorrelation of Stet Tax-advantaged returns to help us make a trade decision. For example, suppose you find that Stet Tax-advantaged 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 |
Stet Tax-advantaged 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 Stet Tax-advantaged mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stet Tax-advantaged mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stet Tax-advantaged mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Stet Tax-advantaged Lagged Returns
When evaluating Stet Tax-advantaged's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stet Tax-advantaged mutual fund have on its future price. Stet Tax-advantaged 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, Stet Tax-advantaged autocorrelation shows the relationship between Stet Tax-advantaged mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Stet Tax Advantaged Income.
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 Stet Mutual Fund
Stet Tax-advantaged financial ratios help investors to determine whether Stet 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 Stet with respect to the benefits of owning Stet Tax-advantaged security.
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