Nebraska Tax Free Income Fund Market Value
| WNTFX Fund | USD 9.69 0.02 0.21% |
| Symbol | Nebraska |
Nebraska 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 Nebraska 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 Nebraska Tax-free.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Nebraska Tax-free on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Nebraska Tax Free Income or generate 0.0% return on investment in Nebraska Tax-free over 720 days. Nebraska Tax-free is related to or competes with Partners Iii, Balanced Fund, Short Duration, Partners Value, and Value Fund. The fund seeks to achieve its objectives by investing, under normal circumstances, at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities that generate income exempt from Nebraska state income tax and from federal income tax, or in open or closed-end mutual funds which in turn invest in municipal securities, generally. More
Nebraska 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 Nebraska 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 Nebraska Tax Free Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2588 | |||
| Information Ratio | (0.87) | |||
| Maximum Drawdown | 0.8299 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.2079 |
Nebraska Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nebraska Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nebraska Tax-free's standard deviation. In reality, there are many statistical measures that can use Nebraska Tax-free historical prices to predict the future Nebraska Tax-free's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.001 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.48) | |||
| Treynor Ratio | 0.0938 |
Nebraska Tax Free Backtested Returns
At this stage we consider Nebraska Mutual Fund to be very steady. Nebraska Tax Free has Sharpe Ratio of 0.0566, which conveys that the entity had a 0.0566% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nebraska Tax-free, which you can use to evaluate the volatility of the fund. Please verify Nebraska Tax-free's Downside Deviation of 0.2588, risk adjusted performance of (0.01), and Mean Deviation of 0.0811 to check out if the risk estimate we provide is consistent with the expected return of 0.0082%. The fund secures a Beta (Market Risk) of -0.0387, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nebraska Tax-free are expected to decrease at a much lower rate. During the bear market, Nebraska Tax-free is likely to outperform the market.
Auto-correlation | -0.6 |
Good reverse predictability
Nebraska Tax Free Income has good reverse predictability. Overlapping area represents the amount of predictability between Nebraska Tax-free time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Nebraska Tax Free price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Nebraska Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nebraska Tax Free lagged returns against current returns
Autocorrelation, which is Nebraska 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 Nebraska Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Nebraska Tax-free returns to help us make a trade decision. For example, suppose you find that Nebraska 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 |
Nebraska 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 Nebraska Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nebraska 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 Nebraska Tax-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nebraska Tax-free Lagged Returns
When evaluating Nebraska Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nebraska Tax-free mutual fund have on its future price. Nebraska 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, Nebraska Tax-free autocorrelation shows the relationship between Nebraska Tax-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nebraska Tax Free Income.
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 Nebraska Mutual Fund
Nebraska Tax-free financial ratios help investors to determine whether Nebraska 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 Nebraska with respect to the benefits of owning Nebraska Tax-free security.
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