Fm Callable Tax Free Etf Market Value
| ZMUN Etf | 50.20 0.02 0.04% |
| Symbol | ZMUN |
The market value of Fm Callable Tax is measured differently than its book value, which is the value of ZMUN that is recorded on the company's balance sheet. Investors also form their own opinion of Fm Callable's value that differs from its market value or its book value, called intrinsic value, which is Fm Callable's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fm Callable's market value can be influenced by many factors that don't directly affect Fm Callable's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fm Callable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fm Callable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fm Callable's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Fm Callable '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 Fm Callable's etf 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 Fm Callable.
| 10/25/2025 |
| 12/24/2025 |
If you would invest 0.00 in Fm Callable on October 25, 2025 and sell it all today you would earn a total of 0.00 from holding Fm Callable Tax Free or generate 0.0% return on investment in Fm Callable over 60 days. Fm Callable is related to or competes with IShares National, Vanguard Tax, First Trust, VanEck Intermediate, Dimensional ETF, IQ MacKay, and Hartford Municipal. Fm Callable is entity of United States. It is traded as Etf on NYSE exchange. More
Fm Callable 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 Fm Callable's etf 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 Fm Callable Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0278 | |||
| Information Ratio | (1.92) | |||
| Maximum Drawdown | 0.2004 | |||
| Value At Risk | (0.02) | |||
| Potential Upside | 0.0401 |
Fm Callable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fm Callable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fm Callable's standard deviation. In reality, there are many statistical measures that can use Fm Callable historical prices to predict the future Fm Callable's volatility.| Risk Adjusted Performance | 0.0298 | |||
| Jensen Alpha | 0.0011 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (2.06) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fm Callable'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.
Fm Callable Tax Backtested Returns
As of now, ZMUN Etf is very steady. Fm Callable Tax retains Efficiency (Sharpe Ratio) of 0.36, which denotes the etf had a 0.36 % return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Fm Callable, which you can use to evaluate the volatility of the entity. Please confirm Fm Callable's Market Risk Adjusted Performance of (0.19), coefficient of variation of 274.97, and Variance of 9.0E-4 to check if the risk estimate we provide is consistent with the expected return of 0.0107%. The etf owns a Beta (Systematic Risk) of -0.0043, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fm Callable are expected to decrease at a much lower rate. During the bear market, Fm Callable is likely to outperform the market.
Auto-correlation | 0.85 |
Very good predictability
Fm Callable Tax Free has very good predictability. Overlapping area represents the amount of predictability between Fm Callable time series from 25th of October 2025 to 24th of November 2025 and 24th of November 2025 to 24th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fm Callable Tax price movement. The serial correlation of 0.85 indicates that around 85.0% of current Fm Callable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fm Callable Tax lagged returns against current returns
Autocorrelation, which is Fm Callable etf'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 Fm Callable's etf expected returns. We can calculate the autocorrelation of Fm Callable returns to help us make a trade decision. For example, suppose you find that Fm Callable has exhibited high autocorrelation historically, and you observe that the etf 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 |
Fm Callable 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 Fm Callable etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fm Callable etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fm Callable etf over time.
Current vs Lagged Prices |
| Timeline |
Fm Callable Lagged Returns
When evaluating Fm Callable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fm Callable etf have on its future price. Fm Callable 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, Fm Callable autocorrelation shows the relationship between Fm Callable etf current value and its past values and can show if there is a momentum factor associated with investing in Fm Callable Tax Free.
Regressed Prices |
| Timeline |
Pair Trading with Fm Callable
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fm Callable position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fm Callable will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Fm Callable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fm Callable when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fm Callable - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fm Callable Tax Free to buy it.
The correlation of Fm Callable is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fm Callable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fm Callable Tax moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fm Callable can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Fm Callable Correlation, Fm Callable Volatility and Fm Callable Alpha and Beta module to complement your research on Fm Callable. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Fm Callable technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.