Tennessee Tax Free Income Fund Market Value
| TNTIX Fund | USD 10.63 0.03 0.28% |
| Symbol | Tennessee |
Tennessee Tax-free '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 Tennessee Tax-free'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 Tennessee Tax-free.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Tennessee Tax-free on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Tennessee Tax Free Income or generate 0.0% return on investment in Tennessee Tax-free over 510 days. Tennessee Tax-free is related to or competes with Kentucky Tax-free, North Carolina, Kentucky Tax-free, Intermediate Government, Taxable Municipal, and Tennessee Tax-free. The funds assets will be invested so that at least 80 percent of the income will be exempt from Federal income taxes and Tennessee income taxes or it will have at least 80 percent of its net assets invested in securities exempt from Federal income taxes and Tennessee income taxes . More
Tennessee Tax-free 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 Tennessee Tax-free'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 Tennessee Tax Free Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4501 | |||
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.43 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.3824 |
Tennessee Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tennessee Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tennessee Tax-free's standard deviation. In reality, there are many statistical measures that can use Tennessee Tax-free historical prices to predict the future Tennessee Tax-free's volatility.| Risk Adjusted Performance | 0.0028 | |||
| Jensen Alpha | 0.0064 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | 0.0334 |
Tennessee Tax Free Backtested Returns
At this stage we consider Tennessee Mutual Fund to be very steady. Tennessee Tax Free owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.034, which indicates the fund had a 0.034% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Tennessee Tax Free Income, which you can use to evaluate the volatility of the fund. Please validate Tennessee Tax-free's Coefficient Of Variation of 3560.15, risk adjusted performance of 0.0028, and Semi Deviation of 0.2285 to confirm if the risk estimate we provide is consistent with the expected return of 0.0092%. The entity has a beta of -0.0749, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tennessee Tax-free are expected to decrease at a much lower rate. During the bear market, Tennessee Tax-free is likely to outperform the market.
Auto-correlation | 0.51 |
Modest predictability
Tennessee Tax Free Income has modest predictability. Overlapping area represents the amount of predictability between Tennessee Tax-free time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Tennessee Tax Free price movement. The serial correlation of 0.51 indicates that about 51.0% of current Tennessee Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tennessee Tax Free lagged returns against current returns
Autocorrelation, which is Tennessee Tax-free 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 Tennessee Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Tennessee Tax-free returns to help us make a trade decision. For example, suppose you find that Tennessee Tax-free 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 |
Tennessee Tax-free 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 Tennessee Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tennessee Tax-free mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tennessee Tax-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tennessee Tax-free Lagged Returns
When evaluating Tennessee Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tennessee Tax-free mutual fund have on its future price. Tennessee Tax-free 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, Tennessee Tax-free autocorrelation shows the relationship between Tennessee Tax-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tennessee Tax Free 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 Tennessee Mutual Fund
Tennessee Tax-free financial ratios help investors to determine whether Tennessee 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 Tennessee with respect to the benefits of owning Tennessee Tax-free security.
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