Oklahoma Municipal Fund Market Value
| OKMUX Fund | USD 10.66 0.03 0.28% |
| Symbol | Oklahoma |
Oklahoma Municipal '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 Oklahoma Municipal'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 Oklahoma Municipal.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Oklahoma Municipal on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Oklahoma Municipal Fund or generate 0.0% return on investment in Oklahoma Municipal over 720 days. Oklahoma Municipal is related to or competes with Colorado Bondshares, Virginia Bond, Usaa Virginia, Virginia Bond, and Hawaiian Tax-free. The fund normally invests at least 80 percent of its net assets in municipal securities that pay interest free from fede... More
Oklahoma Municipal 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 Oklahoma Municipal'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 Oklahoma Municipal Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5082 | |||
| Information Ratio | (0.42) | |||
| Maximum Drawdown | 1.52 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.2882 |
Oklahoma Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oklahoma Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oklahoma Municipal's standard deviation. In reality, there are many statistical measures that can use Oklahoma Municipal historical prices to predict the future Oklahoma Municipal's volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | 0.0101 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oklahoma Municipal'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.
Oklahoma Municipal Backtested Returns
At this stage we consider Oklahoma Mutual Fund to be very steady. Oklahoma Municipal maintains Sharpe Ratio (i.e., Efficiency) of 0.0332, which implies the entity had a 0.0332% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oklahoma Municipal, which you can use to evaluate the volatility of the fund. Please check Oklahoma Municipal's Semi Deviation of 0.2262, coefficient of variation of 2668.68, and Risk Adjusted Performance of 0.011 to confirm if the risk estimate we provide is consistent with the expected return of 0.0093%. The fund holds a Beta of -0.0842, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oklahoma Municipal are expected to decrease at a much lower rate. During the bear market, Oklahoma Municipal is likely to outperform the market.
Auto-correlation | -0.47 |
Modest reverse predictability
Oklahoma Municipal Fund has modest reverse predictability. Overlapping area represents the amount of predictability between Oklahoma Municipal time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th 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 Oklahoma Municipal price movement. The serial correlation of -0.47 indicates that about 47.0% of current Oklahoma Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Oklahoma Municipal lagged returns against current returns
Autocorrelation, which is Oklahoma Municipal 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 Oklahoma Municipal's mutual fund expected returns. We can calculate the autocorrelation of Oklahoma Municipal returns to help us make a trade decision. For example, suppose you find that Oklahoma Municipal 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 |
Oklahoma Municipal 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 Oklahoma Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oklahoma Municipal mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oklahoma Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oklahoma Municipal Lagged Returns
When evaluating Oklahoma Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oklahoma Municipal mutual fund have on its future price. Oklahoma Municipal 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, Oklahoma Municipal autocorrelation shows the relationship between Oklahoma Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oklahoma Municipal Fund.
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 Oklahoma Mutual Fund
Oklahoma Municipal financial ratios help investors to determine whether Oklahoma 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 Oklahoma with respect to the benefits of owning Oklahoma Municipal security.
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