Tennessee Tax Free Income Fund Market Value
| TNTIX Fund | USD 10.66 0.01 0.09% |
| Symbol | Tennessee |
Tennessee Tax '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'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.
| 01/27/2024 |
| 01/16/2026 |
If you would invest 0.00 in Tennessee Tax on January 27, 2024 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 over 720 days. Tennessee Tax is related to or competes with Janus Global, Janus Global, First Trust, Icon Utilities, Mexico Equity, Janus Investment, and Janus Investment. The funds assets will be invested so that at least 80 percent of the income will be exempt from Federal and Tennessee in... More
Tennessee Tax 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'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 | 0.1349 | |||
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 0.8588 | |||
| Value At Risk | (0.1) | |||
| Potential Upside | 0.2871 |
Tennessee Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tennessee Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tennessee Tax's standard deviation. In reality, there are many statistical measures that can use Tennessee Tax historical prices to predict the future Tennessee Tax's volatility.| Risk Adjusted Performance | 0.114 | |||
| Jensen Alpha | 0.0224 | |||
| Total Risk Alpha | 0.001 | |||
| Sortino Ratio | (0.57) | |||
| Treynor Ratio | 7.58 |
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 0.22, which indicates the fund had a 0.22 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Tennessee Tax Free Income, which you can use to evaluate the volatility of the fund. Please validate Tennessee Tax's Risk Adjusted Performance of 0.114, standard deviation of 0.1516, and Downside Deviation of 0.1349 to confirm if the risk estimate we provide is consistent with the expected return of 0.0327%. The entity has a beta of 0.003, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tennessee Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tennessee Tax is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
Tennessee Tax Free Income has average predictability. Overlapping area represents the amount of predictability between Tennessee Tax time series from 27th of January 2024 to 21st of January 2025 and 21st of January 2025 to 16th of January 2026. 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 0.43 indicates that just about 43.0% of current Tennessee Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Tennessee Tax Free lagged returns against current returns
Autocorrelation, which is Tennessee Tax 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's mutual fund expected returns. We can calculate the autocorrelation of Tennessee Tax returns to help us make a trade decision. For example, suppose you find that Tennessee Tax 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tennessee Tax 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tennessee Tax Lagged Returns
When evaluating Tennessee Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tennessee Tax mutual fund have on its future price. Tennessee Tax 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 autocorrelation shows the relationship between Tennessee Tax 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 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 security.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |