Vanguard Massachusetts Tax Exempt Fund Market Value
| VMATX Fund | USD 10.19 0.01 0.1% |
| Symbol | Vanguard |
Vanguard Massachusetts '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 Vanguard Massachusetts' 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 Vanguard Massachusetts.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Vanguard Massachusetts on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Massachusetts Tax Exempt or generate 0.0% return on investment in Vanguard Massachusetts over 30 days. Vanguard Massachusetts is related to or competes with Vanguard Ohio, Vanguard Pennsylvania, Vanguard New, Vanguard New, and Vanguard Long-term. The fund invests primarily in high-quality municipal bonds issued by Massachusetts state and local governments, as well ... More
Vanguard Massachusetts 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 Vanguard Massachusetts' 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 Vanguard Massachusetts Tax Exempt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4083 | |||
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.68 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.3883 |
Vanguard Massachusetts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Massachusetts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Massachusetts' standard deviation. In reality, there are many statistical measures that can use Vanguard Massachusetts historical prices to predict the future Vanguard Massachusetts' volatility.| Risk Adjusted Performance | 0.004 | |||
| Jensen Alpha | 0.0123 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.30) | |||
| Treynor Ratio | 0.0181 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Massachusetts' 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.
Vanguard Massachusetts Backtested Returns
At this stage we consider Vanguard Mutual Fund to be very steady. Vanguard Massachusetts owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0289, which indicates the fund had a 0.0289% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Vanguard Massachusetts Tax Exempt, which you can use to evaluate the volatility of the fund. Please validate Vanguard Massachusetts' Semi Deviation of 0.2518, coefficient of variation of 3523.07, and Risk Adjusted Performance of 0.004 to confirm if the risk estimate we provide is consistent with the expected return of 0.0081%. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vanguard Massachusetts are expected to decrease at a much lower rate. During the bear market, Vanguard Massachusetts is likely to outperform the market.
Auto-correlation | 0.10 |
Insignificant predictability
Vanguard Massachusetts Tax Exempt has insignificant predictability. Overlapping area represents the amount of predictability between Vanguard Massachusetts 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 Vanguard Massachusetts price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Vanguard Massachusetts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vanguard Massachusetts lagged returns against current returns
Autocorrelation, which is Vanguard Massachusetts 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 Vanguard Massachusetts' mutual fund expected returns. We can calculate the autocorrelation of Vanguard Massachusetts returns to help us make a trade decision. For example, suppose you find that Vanguard Massachusetts 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 |
Vanguard Massachusetts 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 Vanguard Massachusetts mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Massachusetts mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Massachusetts mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Massachusetts Lagged Returns
When evaluating Vanguard Massachusetts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Massachusetts mutual fund have on its future price. Vanguard Massachusetts 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, Vanguard Massachusetts autocorrelation shows the relationship between Vanguard Massachusetts mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Massachusetts Tax Exempt.
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 Vanguard Mutual Fund
Vanguard Massachusetts financial ratios help investors to determine whether Vanguard 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 Vanguard with respect to the benefits of owning Vanguard Massachusetts security.
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