Short Term Municipal Bond Fund Market Value
| WSMAX Fund | USD 9.68 0.00 0.00% |
| Symbol | Short-term |
Short-term Municipal '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 Short-term Municipal'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 Short-term Municipal.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Short-term Municipal on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Short Term Municipal Bond or generate 0.0% return on investment in Short-term Municipal over 720 days. Short-term Municipal is related to or competes with Institutional Fiduciary. The fund invests at least 80 percent of the funds net assets in municipal securities whose interest is exempt from feder... More
Short-term Municipal 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 Short-term Municipal'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 Short Term Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1702 | |||
| Information Ratio | (1.47) | |||
| Maximum Drawdown | 0.5174 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.2066 |
Short-term Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Short-term Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Short-term Municipal's standard deviation. In reality, there are many statistical measures that can use Short-term Municipal historical prices to predict the future Short-term Municipal's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0011 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.72) | |||
| Treynor Ratio | 0.0796 |
Short Term Municipal Backtested Returns
At this stage we consider Short-term Mutual Fund to be very steady. Short Term Municipal owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0767, which indicates the fund had a 0.0767% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Short Term Municipal Bond, which you can use to evaluate the volatility of the fund. Please validate Short-term Municipal's Downside Deviation of 0.1702, standard deviation of 0.0837, and Risk Adjusted Performance of (0.01) to confirm if the risk estimate we provide is consistent with the expected return of 0.0064%. The entity has a beta of -0.0266, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Short-term Municipal are expected to decrease at a much lower rate. During the bear market, Short-term Municipal is likely to outperform the market.
Auto-correlation | 0.48 |
Average predictability
Short Term Municipal Bond has average predictability. Overlapping area represents the amount of predictability between Short-term Municipal time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 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 Short Term Municipal price movement. The serial correlation of 0.48 indicates that about 48.0% of current Short-term Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Short Term Municipal lagged returns against current returns
Autocorrelation, which is Short-term Municipal 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 Short-term Municipal's mutual fund expected returns. We can calculate the autocorrelation of Short-term Municipal returns to help us make a trade decision. For example, suppose you find that Short-term Municipal 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 |
Short-term Municipal 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 Short-term Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Short-term Municipal mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Short-term Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Short-term Municipal Lagged Returns
When evaluating Short-term Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Short-term Municipal mutual fund have on its future price. Short-term Municipal 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, Short-term Municipal autocorrelation shows the relationship between Short-term Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Short Term Municipal 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 Short-term Mutual Fund
Short-term Municipal financial ratios help investors to determine whether Short-term 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 Short-term with respect to the benefits of owning Short-term Municipal security.
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