Gurtin National Municipal Fund Volatility
| GNMFX Fund | USD 9.75 0.04 0.41% |
Gurtin National Municipal holds Efficiency (Sharpe) Ratio of -0.0455, which attests that the entity had a -0.0455% return per unit of risk over the last 3 months. Gurtin National Municipal exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gurtin National's Market Risk Adjusted Performance of (0.59), standard deviation of 0.241, and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. Key indicators related to Gurtin National's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Gurtin National Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Gurtin daily returns, and it is calculated using variance and standard deviation. We also use Gurtin's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Gurtin National volatility.
Gurtin |
Downward market volatility can be a perfect environment for investors who play the long game with Gurtin National. They may decide to buy additional shares of Gurtin National at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving together with Gurtin Mutual Fund
| 0.91 | GCMVX | Gurtin California Muni | PairCorr |
| 0.99 | GCMFX | Gurtin California | PairCorr |
| 0.81 | GNMVX | Gurtin National Muni | PairCorr |
| 0.87 | VWITX | Vanguard Intermediate | PairCorr |
| 0.74 | VWIUX | Vanguard Intermediate-ter | PairCorr |
| 0.86 | AFTEX | Tax Exempt Bond | PairCorr |
| 0.89 | AFTFX | Tax Exempt Bond | PairCorr |
| 0.88 | TEBCX | Tax Exempt Bond | PairCorr |
| 0.86 | TEAFX | Tax Exempt Bond | PairCorr |
Gurtin National Market Sensitivity And Downside Risk
Gurtin National's beta coefficient measures the volatility of Gurtin mutual fund compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Gurtin mutual fund's returns against your selected market. In other words, Gurtin National's beta of 0.0468 provides an investor with an approximation of how much risk Gurtin National mutual fund can potentially add to one of your existing portfolios. Gurtin National Municipal exhibits very low volatility with skewness of -0.82 and kurtosis of 3.18. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Gurtin National's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Gurtin National's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Gurtin National Municipal Demand TrendCheck current 90 days Gurtin National correlation with market (Dow Jones Industrial)Gurtin Beta |
Gurtin standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 0.25 |
It is essential to understand the difference between upside risk (as represented by Gurtin National's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Gurtin National's daily returns or price. Since the actual investment returns on holding a position in gurtin mutual fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Gurtin National.
Gurtin National Municipal Mutual Fund Volatility Analysis
Volatility refers to the frequency at which Gurtin National fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Gurtin National's price changes. Investors will then calculate the volatility of Gurtin National's mutual fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A mutual fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Gurtin National's volatility:
Historical Volatility
This type of fund volatility measures Gurtin National's fluctuations based on previous trends. It's commonly used to predict Gurtin National's future behavior based on its past. However, it cannot conclusively determine the future direction of the mutual fund.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Gurtin National's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Gurtin National's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Gurtin National Municipal Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Gurtin National Projected Return Density Against Market
Assuming the 90 days horizon Gurtin National has a beta of 0.0468 . This usually indicates as returns on the market go up, Gurtin National average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Gurtin National Municipal will be expected to be much smaller as well.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Gurtin National or Gurtin sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Gurtin National's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Gurtin fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Gurtin National Municipal has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Predicted Return Density |
| Returns |
What Drives a Gurtin National Price Volatility?
Several factors can influence a fund's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Gurtin National Mutual Fund Risk Measures
Assuming the 90 days horizon the coefficient of variation of Gurtin National is -2197.55. The daily returns are distributed with a variance of 0.06 and standard deviation of 0.25. The mean deviation of Gurtin National Municipal is currently at 0.16. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.8
α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.05 | |
σ | Overall volatility | 0.25 | |
Ir | Information ratio | -0.19 |
Gurtin National Mutual Fund Return Volatility
Gurtin National historical daily return volatility represents how much of Gurtin National fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 0.2469% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.8019% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Gurtin National Volatility
Volatility is a rate at which the price of Gurtin National or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Gurtin National may increase or decrease. In other words, similar to Gurtin's beta indicator, it measures the risk of Gurtin National and helps estimate the fluctuations that may happen in a short period of time. So if prices of Gurtin National fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.The fund seeks to achieve its investment objective by investing under normal circumstances at least 80 percent of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax . Municipal Bonds generally are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities. The fund is non-diversified.
Gurtin National's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Gurtin Mutual Fund over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Gurtin National's price varies over time.
3 ways to utilize Gurtin National's volatility to invest better
Higher Gurtin National's fund volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Gurtin National Municipal fund is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Gurtin National Municipal fund volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Gurtin National Municipal investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Gurtin National's fund can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Gurtin National's fund relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Gurtin National Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.8 and is 3.2 times more volatile than Gurtin National Municipal. 2 percent of all equities and portfolios are less risky than Gurtin National. You can use Gurtin National Municipal to protect your portfolios against small market fluctuations. The mutual fund experiences a normal downward trend and little activity. Check odds of Gurtin National to be traded at $9.65 in 90 days.Average diversification
The correlation between Gurtin National Municipal and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gurtin National Municipal and DJI in the same portfolio, assuming nothing else is changed.
Gurtin National Additional Risk Indicators
The analysis of Gurtin National's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Gurtin National's investment and either accepting that risk or mitigating it. Along with some common measures of Gurtin National mutual fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.59) | |||
| Mean Deviation | 0.1623 | |||
| Coefficient Of Variation | (1,321) | |||
| Standard Deviation | 0.241 | |||
| Variance | 0.0581 | |||
| Information Ratio | (0.19) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential mutual funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Gurtin National Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Gurtin National as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Gurtin National's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Gurtin National's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Gurtin National Municipal.
Other Information on Investing in Gurtin Mutual Fund
Gurtin National financial ratios help investors to determine whether Gurtin 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 Gurtin with respect to the benefits of owning Gurtin National security.
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