Tax Exempt Fund Of Fund Market Value
| TEFEX Fund | USD 16.87 0.05 0.30% |
| Symbol | Tax-exempt |
Tax-exempt Fund '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 Fund'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 Fund.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Tax-exempt Fund on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tax Exempt Fund Of or generate 0.0% return on investment in Tax-exempt Fund over 30 days. Tax-exempt Fund is related to or competes with American High-income, California Intermediate-ter, Capital World, and Tax Exempt. The fund seeks to achieve its objectives by primarily investing in municipal bonds issued by the state of California and... More
Tax-exempt Fund 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 Fund'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 Fund Of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.34 | |||
| Information Ratio | (0.54) | |||
| Maximum Drawdown | 1.37 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.2989 |
Tax-exempt Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tax-exempt Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tax-exempt Fund's standard deviation. In reality, there are many statistical measures that can use Tax-exempt Fund historical prices to predict the future Tax-exempt Fund's volatility.| Risk Adjusted Performance | 0.0076 | |||
| Jensen Alpha | 0.0112 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.36) | |||
| Treynor Ratio | 0.0073 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tax-exempt Fund'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 Fund Backtested Returns
At this stage we consider Tax-exempt Mutual Fund to be very steady. Tax Exempt Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0378, which indicates the fund had a 0.0378% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tax Exempt Fund Of, which you can use to evaluate the volatility of the fund. Please validate Tax-exempt Fund's Coefficient Of Variation of 2430.88, risk adjusted performance of 0.0076, and Semi Deviation of 0.2161 to confirm if the risk estimate we provide is consistent with the expected return of 0.0086%. The entity has a beta of -0.0983, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tax-exempt Fund are expected to decrease at a much lower rate. During the bear market, Tax-exempt Fund is likely to outperform the market.
Auto-correlation | 0.26 |
Poor predictability
Tax Exempt Fund Of has poor predictability. Overlapping area represents the amount of predictability between Tax-exempt Fund time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Tax Exempt Fund price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Tax-exempt Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tax Exempt Fund lagged returns against current returns
Autocorrelation, which is Tax-exempt Fund 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 Fund's mutual fund expected returns. We can calculate the autocorrelation of Tax-exempt Fund returns to help us make a trade decision. For example, suppose you find that Tax-exempt Fund 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 Fund 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 Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tax-exempt Fund 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 Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tax-exempt Fund Lagged Returns
When evaluating Tax-exempt Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tax-exempt Fund mutual fund have on its future price. Tax-exempt Fund 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 Fund autocorrelation shows the relationship between Tax-exempt Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tax Exempt Fund Of.
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 Fund 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 Fund security.
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