Viking Tax Free Fund Market Value
| VMTTX Fund | USD 9.12 0.01 0.11% |
| Symbol | Viking |
Viking 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 Viking 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 Viking Tax.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Viking Tax on October 24, 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 over 30 days. Viking Tax is related to or competes with Palm Valley, Mid-cap Value, Valic Company, Boston Partners, Pace Smallmedium, and Columbia Small. To pursue its objective, the fund normally invests at least 80 percent of its net assets in municipal securities that pa... More
Viking 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 Viking 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 Viking Tax Free Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.63) | |||
| Maximum Drawdown | 1.21 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.2215 |
Viking Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viking Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viking Tax's standard deviation. In reality, there are many statistical measures that can use Viking Tax historical prices to predict the future Viking Tax's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Viking Tax's 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.
Viking Tax Free Backtested Returns
Viking Tax Free owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0148, which indicates the fund had a -0.0148% return per unit of risk over the last 3 months. Viking Tax Free Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Viking Tax's Risk Adjusted Performance of (0.03), variance of 0.0447, and Coefficient Of Variation of (14,688) to confirm the risk estimate we provide. The entity has a beta of 0.0307, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Viking Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Viking Tax is expected to be smaller as well.
Auto-correlation | 0.12 |
Insignificant predictability
Viking Tax Free Fund has insignificant predictability. Overlapping area represents the amount of predictability between Viking Tax time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 0.12 indicates that less than 12.0% of current Viking Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Viking Tax Free lagged returns against current returns
Autocorrelation, which is Viking 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 Viking Tax's mutual fund expected returns. We can calculate the autocorrelation of Viking Tax returns to help us make a trade decision. For example, suppose you find that Viking 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 |
Viking 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 Viking Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viking 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 Viking Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Viking Tax Lagged Returns
When evaluating Viking Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viking Tax mutual fund have on its future price. Viking 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, Viking Tax autocorrelation shows the relationship between Viking Tax 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 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 security.
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