Kentucky Tax Free Income Fund Market Value
| KYTFX Fund | USD 7.28 0.02 0.28% |
| Symbol | Kentucky |
Kentucky 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 Kentucky 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 Kentucky Tax-free.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Kentucky Tax-free on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Kentucky Tax Free Income or generate 0.0% return on investment in Kentucky Tax-free over 30 days. Kentucky Tax-free is related to or competes with North Carolina, Kentucky Tax, North Carolina, Intermediate Government, Tennessee Tax, and Tennessee Tax-free. The fund seeks to provide a steady flow of tax-exempt income derived from Kentucky municipal securities of investment gr... More
Kentucky 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 Kentucky 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 Kentucky Tax Free Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.448 | |||
| Information Ratio | (0.54) | |||
| Maximum Drawdown | 1.25 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.2793 |
Kentucky Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kentucky Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kentucky Tax-free's standard deviation. In reality, there are many statistical measures that can use Kentucky Tax-free historical prices to predict the future Kentucky Tax-free's volatility.| Risk Adjusted Performance | 0.0264 | |||
| Jensen Alpha | (0.0004) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | 0.1183 |
Kentucky Tax Free Backtested Returns
At this stage we consider Kentucky Mutual Fund to be very steady. Kentucky Tax Free has Sharpe Ratio of 0.058, which conveys that the entity had a 0.058% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kentucky Tax-free, which you can use to evaluate the volatility of the fund. Please verify Kentucky Tax-free's Downside Deviation of 0.448, mean deviation of 0.1303, and Risk Adjusted Performance of 0.0264 to check out if the risk estimate we provide is consistent with the expected return of 0.0134%. The fund secures a Beta (Market Risk) of 0.0414, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kentucky Tax-free's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kentucky Tax-free is expected to be smaller as well.
Auto-correlation | 0.67 |
Good predictability
Kentucky Tax Free Income has good predictability. Overlapping area represents the amount of predictability between Kentucky Tax-free time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Kentucky Tax Free price movement. The serial correlation of 0.67 indicates that around 67.0% of current Kentucky Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kentucky Tax Free lagged returns against current returns
Autocorrelation, which is Kentucky 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 Kentucky Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Kentucky Tax-free returns to help us make a trade decision. For example, suppose you find that Kentucky 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 |
Kentucky 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 Kentucky Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kentucky 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 Kentucky Tax-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kentucky Tax-free Lagged Returns
When evaluating Kentucky Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kentucky Tax-free mutual fund have on its future price. Kentucky 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, Kentucky Tax-free autocorrelation shows the relationship between Kentucky Tax-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kentucky 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 Kentucky Mutual Fund
Kentucky Tax-free financial ratios help investors to determine whether Kentucky 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 Kentucky with respect to the benefits of owning Kentucky Tax-free security.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |