Aquila Tax Free Fund Market Value
| UTAHX Fund | USD 9.54 0.01 0.10% |
| Symbol | Aquila |
Aquila 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 Aquila 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 Aquila Tax.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Aquila Tax on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Aquila Tax Free Fund or generate 0.0% return on investment in Aquila Tax over 30 days. Aquila Tax is related to or competes with Deutsche Real, Neuberger Berman, Tiaa Cref, Prudential Real, Nexpoint Real, and Real Estate. The fund, under normal circumstances, invests at least 80 percent of its assets in municipal bonds, whose interest is, i... More
Aquila 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 Aquila 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 Aquila Tax Free Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 1.36 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.3161 |
Aquila Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aquila Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aquila Tax's standard deviation. In reality, there are many statistical measures that can use Aquila Tax historical prices to predict the future Aquila Tax's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.37) |
Aquila Tax Free Backtested Returns
Aquila Tax Free secures Sharpe Ratio (or Efficiency) of -0.0258, which signifies that the fund had a -0.0258% return per unit of risk over the last 3 months. Aquila Tax Free Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aquila Tax's Standard Deviation of 0.2441, risk adjusted performance of (0.05), and Mean Deviation of 0.1629 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0472, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aquila Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aquila Tax is expected to be smaller as well.
Auto-correlation | -0.42 |
Modest reverse predictability
Aquila Tax Free Fund has modest reverse predictability. Overlapping area represents the amount of predictability between Aquila Tax time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 Aquila Tax Free price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Aquila Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aquila Tax Free lagged returns against current returns
Autocorrelation, which is Aquila 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 Aquila Tax's mutual fund expected returns. We can calculate the autocorrelation of Aquila Tax returns to help us make a trade decision. For example, suppose you find that Aquila 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 |
Aquila 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 Aquila Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aquila 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 Aquila Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Aquila Tax Lagged Returns
When evaluating Aquila Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aquila Tax mutual fund have on its future price. Aquila 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, Aquila Tax autocorrelation shows the relationship between Aquila Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aquila Tax Free Fund.
Regressed Prices |
| Timeline |
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Other Information on Investing in Aquila Mutual Fund
Aquila Tax financial ratios help investors to determine whether Aquila 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 Aquila with respect to the benefits of owning Aquila Tax security.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
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| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
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