Vanguard Tax Exempt Bond Fund Market Value
| VTEAX Fund | USD 20.23 0.01 0.05% |
| Symbol | Vanguard |
Vanguard Tax-exempt '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 Tax-exempt'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 Vanguard Tax-exempt.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Vanguard Tax-exempt on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Vanguard Tax Exempt Bond or generate 0.0% return on investment in Vanguard Tax-exempt over 570 days. Vanguard Tax-exempt is related to or competes with Vanguard Intermediate-ter, Vanguard Tax, Vanguard Short-term, Vanguard Short-term, and Vanguard High-yield. This index includes municipal bonds from issuers that are primarily state or local governments or agencies whose interes... More
Vanguard Tax-exempt 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 Tax-exempt'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 Vanguard Tax Exempt Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3291 | |||
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 1.34 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.299 |
Vanguard Tax-exempt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Tax-exempt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Tax-exempt's standard deviation. In reality, there are many statistical measures that can use Vanguard Tax-exempt historical prices to predict the future Vanguard Tax-exempt's volatility.| Risk Adjusted Performance | 0.0046 | |||
| Jensen Alpha | 0.0086 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.37) | |||
| Treynor Ratio | 0.018 |
Vanguard Tax Exempt Backtested Returns
At this stage we consider Vanguard Mutual Fund to be very steady. Vanguard Tax Exempt owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0292, which indicates the fund had a 0.0292% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Vanguard Tax Exempt Bond, which you can use to evaluate the volatility of the fund. Please validate Vanguard Tax-exempt's Semi Deviation of 0.2026, risk adjusted performance of 0.0046, and Coefficient Of Variation of 2541.67 to confirm if the risk estimate we provide is consistent with the expected return of 0.0063%. The entity has a beta of -0.084, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vanguard Tax-exempt are expected to decrease at a much lower rate. During the bear market, Vanguard Tax-exempt is likely to outperform the market.
Auto-correlation | 0.29 |
Poor predictability
Vanguard Tax Exempt Bond has poor predictability. Overlapping area represents the amount of predictability between Vanguard Tax-exempt time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Tax Exempt price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Vanguard Tax-exempt price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Vanguard Tax Exempt lagged returns against current returns
Autocorrelation, which is Vanguard Tax-exempt 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 Tax-exempt's mutual fund expected returns. We can calculate the autocorrelation of Vanguard Tax-exempt returns to help us make a trade decision. For example, suppose you find that Vanguard Tax-exempt 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 Tax-exempt 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 Tax-exempt mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Tax-exempt 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 Tax-exempt mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Tax-exempt Lagged Returns
When evaluating Vanguard Tax-exempt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Tax-exempt mutual fund have on its future price. Vanguard Tax-exempt 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 Tax-exempt autocorrelation shows the relationship between Vanguard Tax-exempt mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Tax Exempt Bond.
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 Tax-exempt 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 Tax-exempt security.
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