The Kansas Tax Free Fund Market Value
| KTXIX Fund | USD 18.46 0.03 0.16% |
| Symbol | Kansas |
Kansas Tax '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 Kansas Tax'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 Kansas Tax.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Kansas Tax on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding The Kansas Tax Free or generate 0.0% return on investment in Kansas Tax over 30 days. Kansas Tax is related to or competes with The National, The Missouri, American Independence, Kansas Municipal, and Mfs Research. The fund normally invests at least 80 percent of its net assets plus any borrowings for investment purposes in Kansas mu... More
Kansas Tax 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 Kansas Tax'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 The Kansas Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.278 | |||
| Information Ratio | (0.69) | |||
| Maximum Drawdown | 1.04 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.2191 |
Kansas Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kansas Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kansas Tax's standard deviation. In reality, there are many statistical measures that can use Kansas Tax historical prices to predict the future Kansas Tax's volatility.| Risk Adjusted Performance | 0.0171 | |||
| Jensen Alpha | 0.0107 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.45) | |||
| Treynor Ratio | (0.02) |
Kansas Tax Backtested Returns
At this stage we consider Kansas Mutual Fund to be very steady. Kansas Tax has Sharpe Ratio of 0.0427, which conveys that the entity had a 0.0427% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Kansas Tax, which you can use to evaluate the volatility of the fund. Please verify Kansas Tax's Risk Adjusted Performance of 0.0171, downside deviation of 0.278, and Market Risk Adjusted Performance of (0.01) to check out if the risk estimate we provide is consistent with the expected return of 0.0078%. The fund secures a Beta (Market Risk) of -0.0702, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kansas Tax are expected to decrease at a much lower rate. During the bear market, Kansas Tax is likely to outperform the market.
Auto-correlation | 0.58 |
Modest predictability
The Kansas Tax Free has modest predictability. Overlapping area represents the amount of predictability between Kansas Tax time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Kansas Tax price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Kansas Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kansas Tax lagged returns against current returns
Autocorrelation, which is Kansas Tax 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 Kansas Tax's mutual fund expected returns. We can calculate the autocorrelation of Kansas Tax returns to help us make a trade decision. For example, suppose you find that Kansas Tax 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 |
Kansas Tax 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 Kansas Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kansas Tax mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kansas Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kansas Tax Lagged Returns
When evaluating Kansas Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kansas Tax mutual fund have on its future price. Kansas Tax 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, Kansas Tax autocorrelation shows the relationship between Kansas Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Kansas Tax Free.
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 Kansas Mutual Fund
Kansas Tax financial ratios help investors to determine whether Kansas 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 Kansas with respect to the benefits of owning Kansas Tax security.
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