Viking Tax Free Fund Market Value
| VMTIX Fund | USD 9.18 0.02 0.22% |
| Symbol | VIKING |
Viking 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 Viking 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 Viking Tax-free.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Viking Tax-free on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Viking Tax Free Fund or generate 0.0% return on investment in Viking Tax-free over 180 days. Viking Tax-free is related to or competes with Invesco Global, Baron Health, Lord Abbett, Baillie Gifford, Hartford Healthcare, Alger Health, and Delaware Healthcare. To pursue its objective, the fund normally invests at least 80 percent of its net assets in municipal securities that pa... More
Viking 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 Viking 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 Viking Tax Free Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4492 | |||
| Information Ratio | (0.58) | |||
| Maximum Drawdown | 1.21 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.3264 |
Viking Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viking Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viking Tax-free's standard deviation. In reality, there are many statistical measures that can use Viking Tax-free historical prices to predict the future Viking Tax-free's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0036 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | 0.0691 |
Viking Tax Free Backtested Returns
At this stage we consider VIKING Mutual Fund to be very steady. Viking Tax Free owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0324, which indicates the fund had a 0.0324% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Viking Tax Free Fund, which you can use to evaluate the volatility of the fund. Please validate Viking Tax-free's Risk Adjusted Performance of (0.01), coefficient of variation of 4148.93, and Semi Deviation of 0.1803 to confirm if the risk estimate we provide is consistent with the expected return of 0.0071%. The entity has a beta of -0.0695, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Viking Tax-free are expected to decrease at a much lower rate. During the bear market, Viking Tax-free is likely to outperform the market.
Auto-correlation | -0.54 |
Good reverse predictability
Viking Tax Free Fund has good reverse predictability. Overlapping area represents the amount of predictability between Viking Tax-free time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Viking Tax Free price movement. The serial correlation of -0.54 indicates that about 54.0% of current Viking Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Viking Tax Free lagged returns against current returns
Autocorrelation, which is Viking 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 Viking Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Viking Tax-free returns to help us make a trade decision. For example, suppose you find that Viking 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 |
Viking 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 Viking Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viking 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 Viking Tax-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Viking Tax-free Lagged Returns
When evaluating Viking Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viking Tax-free mutual fund have on its future price. Viking 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, Viking Tax-free autocorrelation shows the relationship between Viking Tax-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Viking Tax Free Fund.
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 VIKING Mutual Fund
Viking Tax-free financial ratios help investors to determine whether VIKING 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 VIKING with respect to the benefits of owning Viking Tax-free security.
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