North Carolina Tax Free Fund Market Value
| NTFIX Fund | USD 10.82 0.02 0.19% |
| Symbol | North |
North Carolina '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 North Carolina'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 North Carolina.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in North Carolina on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding North Carolina Tax Free or generate 0.0% return on investment in North Carolina over 180 days. North Carolina is related to or competes with Pimco Funds, and Ashmore Emerging. The fund seeks to provide a steady flow of tax-exempt income derived from North Carolina municipal securities of investment grade quality with a weighted average nominal maturity normally greater than 10 years. More
North Carolina 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 North Carolina'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 North Carolina Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4008 | |||
| Information Ratio | (0.61) | |||
| Maximum Drawdown | 1.12 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.2814 |
North Carolina Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for North Carolina's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North Carolina's standard deviation. In reality, there are many statistical measures that can use North Carolina historical prices to predict the future North Carolina's volatility.| Risk Adjusted Performance | 0.0102 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | 0.0015 |
North Carolina Tax Backtested Returns
At this stage we consider North Mutual Fund to be very steady. North Carolina Tax has Sharpe Ratio of 0.0492, which conveys that the entity had a 0.0492% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for North Carolina, which you can use to evaluate the volatility of the fund. Please verify North Carolina's Downside Deviation of 0.4008, risk adjusted performance of 0.0102, and Mean Deviation of 0.1183 to check out if the risk estimate we provide is consistent with the expected return of 0.0104%. The fund secures a Beta (Market Risk) of 0.035, which conveys not very significant fluctuations relative to the market. As returns on the market increase, North Carolina's returns are expected to increase less than the market. However, during the bear market, the loss of holding North Carolina is expected to be smaller as well.
Auto-correlation | -0.36 |
Poor reverse predictability
North Carolina Tax Free has poor reverse predictability. Overlapping area represents the amount of predictability between North Carolina time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 North Carolina Tax price movement. The serial correlation of -0.36 indicates that just about 36.0% of current North Carolina price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
North Carolina Tax lagged returns against current returns
Autocorrelation, which is North Carolina 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 North Carolina's mutual fund expected returns. We can calculate the autocorrelation of North Carolina returns to help us make a trade decision. For example, suppose you find that North Carolina 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 |
North Carolina 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 North Carolina mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North Carolina mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North Carolina mutual fund over time.
Current vs Lagged Prices |
| Timeline |
North Carolina Lagged Returns
When evaluating North Carolina's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North Carolina mutual fund have on its future price. North Carolina 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, North Carolina autocorrelation shows the relationship between North Carolina mutual fund current value and its past values and can show if there is a momentum factor associated with investing in North Carolina 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 North Mutual Fund
North Carolina financial ratios help investors to determine whether North 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 North with respect to the benefits of owning North Carolina security.
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