Intermediate Municipal Income Etf Market Value
| TAXE Etf | 51.12 0.06 0.12% |
| Symbol | Intermediate |
The market value of Intermediate Municipal is measured differently than its book value, which is the value of Intermediate that is recorded on the company's balance sheet. Investors also form their own opinion of Intermediate Municipal's value that differs from its market value or its book value, called intrinsic value, which is Intermediate Municipal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Intermediate Municipal's market value can be influenced by many factors that don't directly affect Intermediate Municipal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Intermediate Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Intermediate Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Intermediate Municipal's 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.
Intermediate Municipal '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 Intermediate Municipal's etf 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 Intermediate Municipal.
| 11/26/2025 |
| 12/26/2025 |
If you would invest 0.00 in Intermediate Municipal on November 26, 2025 and sell it all today you would earn a total of 0.00 from holding Intermediate Municipal Income or generate 0.0% return on investment in Intermediate Municipal over 30 days. Intermediate Municipal is related to or competes with NuShares ETF, AltShares Trust, KraneShares Artificial, Invesco Fundamental, SPDR MSCI, GraniteShares Bloomberg, and Simplify Exchange. Intermediate Municipal is entity of United States More
Intermediate Municipal 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 Intermediate Municipal's etf 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 Intermediate Municipal Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0766 | |||
| Information Ratio | (0.64) | |||
| Maximum Drawdown | 0.3928 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.1774 |
Intermediate Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intermediate Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intermediate Municipal's standard deviation. In reality, there are many statistical measures that can use Intermediate Municipal historical prices to predict the future Intermediate Municipal's volatility.| Risk Adjusted Performance | 0.1269 | |||
| Jensen Alpha | 0.0137 | |||
| Total Risk Alpha | 0.0058 | |||
| Sortino Ratio | (0.73) | |||
| Treynor Ratio | 1.2 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Intermediate Municipal'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.
Intermediate Municipal Backtested Returns
At this point, Intermediate Municipal is very steady. Intermediate Municipal holds Efficiency (Sharpe) Ratio of 0.34, which attests that the entity had a 0.34 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Intermediate Municipal, which you can use to evaluate the volatility of the entity. Please check out Intermediate Municipal's Market Risk Adjusted Performance of 1.21, risk adjusted performance of 0.1269, and Coefficient Of Variation of 356.53 to validate if the risk estimate we provide is consistent with the expected return of 0.0289%. The etf retains a Market Volatility (i.e., Beta) of 0.0121, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Intermediate Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Intermediate Municipal is expected to be smaller as well.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Intermediate Municipal Income has insignificant reverse predictability. Overlapping area represents the amount of predictability between Intermediate Municipal time series from 26th of November 2025 to 11th of December 2025 and 11th of December 2025 to 26th of December 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 Intermediate Municipal price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Intermediate Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Intermediate Municipal lagged returns against current returns
Autocorrelation, which is Intermediate Municipal etf'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 Intermediate Municipal's etf expected returns. We can calculate the autocorrelation of Intermediate Municipal returns to help us make a trade decision. For example, suppose you find that Intermediate Municipal has exhibited high autocorrelation historically, and you observe that the etf 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 |
Intermediate Municipal 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 Intermediate Municipal etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intermediate Municipal etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intermediate Municipal etf over time.
Current vs Lagged Prices |
| Timeline |
Intermediate Municipal Lagged Returns
When evaluating Intermediate Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intermediate Municipal etf have on its future price. Intermediate Municipal 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, Intermediate Municipal autocorrelation shows the relationship between Intermediate Municipal etf current value and its past values and can show if there is a momentum factor associated with investing in Intermediate Municipal 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.When determining whether Intermediate Municipal is a strong investment it is important to analyze Intermediate Municipal's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Intermediate Municipal's future performance. For an informed investment choice regarding Intermediate Etf, refer to the following important reports:Check out Intermediate Municipal Correlation, Intermediate Municipal Volatility and Intermediate Municipal Alpha and Beta module to complement your research on Intermediate Municipal. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Intermediate Municipal technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.