Intermediate Taxamt Free Fund Market Value
| WITIX Fund | USD 10.97 0.01 0.09% |
| Symbol | INTERMEDIATE |
Intermediate Tax/amt-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 Intermediate Tax/amt-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 Intermediate Tax/amt-free.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Intermediate Tax/amt-free on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Intermediate Taxamt Free Fund or generate 0.0% return on investment in Intermediate Tax/amt-free over 180 days. Intermediate Tax/amt-free is related to or competes with Vanguard Intermediate-ter, Vanguard Intermediate-ter, Tax Exempt, Tax Exempt, Tax Exempt, Tax Exempt, and Fidelity Intermediate. The fund invests at least 80 percent of the funds net assets in municipal securities whose interest is exempt from feder... More
Intermediate Tax/amt-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 Intermediate Tax/amt-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 Intermediate Taxamt Free Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3004 | |||
| Information Ratio | (0.66) | |||
| Maximum Drawdown | 1.01 | |||
| Value At Risk | (0.27) | |||
| Potential Upside | 0.2762 |
Intermediate Tax/amt-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intermediate Tax/amt-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intermediate Tax/amt-free's standard deviation. In reality, there are many statistical measures that can use Intermediate Tax/amt-free historical prices to predict the future Intermediate Tax/amt-free's volatility.| Risk Adjusted Performance | 0.0153 | |||
| Jensen Alpha | 0.0096 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.40) | |||
| Treynor Ratio | (0.02) |
Intermediate Tax/amt-free Backtested Returns
At this stage we consider INTERMEDIATE Mutual Fund to be very steady. Intermediate Tax/amt-free holds Efficiency (Sharpe) Ratio of 0.0717, which attests that the entity had a 0.0717% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Intermediate Tax/amt-free, which you can use to evaluate the volatility of the entity. Please check out Intermediate Tax/amt-free's Market Risk Adjusted Performance of (0.01), downside deviation of 0.3004, and Risk Adjusted Performance of 0.0153 to validate if the risk estimate we provide is consistent with the expected return of 0.013%. The fund retains a Market Volatility (i.e., Beta) of -0.069, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Intermediate Tax/amt-free are expected to decrease at a much lower rate. During the bear market, Intermediate Tax/amt-free is likely to outperform the market.
Auto-correlation | -0.37 |
Poor reverse predictability
Intermediate Taxamt Free Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Intermediate Tax/amt-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 Intermediate Tax/amt-free price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Intermediate Tax/amt-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Intermediate Tax/amt-free lagged returns against current returns
Autocorrelation, which is Intermediate Tax/amt-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 Intermediate Tax/amt-free's mutual fund expected returns. We can calculate the autocorrelation of Intermediate Tax/amt-free returns to help us make a trade decision. For example, suppose you find that Intermediate Tax/amt-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 |
Intermediate Tax/amt-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 Intermediate Tax/amt-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intermediate Tax/amt-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 Intermediate Tax/amt-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Intermediate Tax/amt-free Lagged Returns
When evaluating Intermediate Tax/amt-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intermediate Tax/amt-free mutual fund have on its future price. Intermediate Tax/amt-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, Intermediate Tax/amt-free autocorrelation shows the relationship between Intermediate Tax/amt-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Intermediate Taxamt 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 INTERMEDIATE Mutual Fund
Intermediate Tax/amt-free financial ratios help investors to determine whether INTERMEDIATE 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 INTERMEDIATE with respect to the benefits of owning Intermediate Tax/amt-free security.
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