Tax Exempt Intermediate Term Fund Market Value
| USATX Fund | USD 12.64 0.05 0.39% |
| Symbol | Tax |
Tax Exempt '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 Tax Exempt'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 Tax Exempt.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Tax Exempt on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Tax Exempt Intermediate Term or generate 0.0% return on investment in Tax Exempt over 30 days. Tax Exempt is related to or competes with Income Fund, Usaa Nasdaq, Victory Diversified, Intermediate Term, Usaa Intermediate, Usaa Tax, and Victory Tax. The fund invests primarily in investment-grade securities, the interest from which is excludable from gross income for f... More
Tax Exempt 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 Tax Exempt'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 Tax Exempt Intermediate Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3007 | |||
| Information Ratio | (0.52) | |||
| Maximum Drawdown | 1.2 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.3197 |
Tax Exempt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tax Exempt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tax Exempt's standard deviation. In reality, there are many statistical measures that can use Tax Exempt historical prices to predict the future Tax Exempt's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.37) | |||
| Treynor Ratio | 0.1273 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tax Exempt'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.
Tax Exempt Intermediate Backtested Returns
At this stage we consider Tax Mutual Fund to be very steady. Tax Exempt Intermediate owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0011, which indicates the fund had a 0.0011% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Tax Exempt Intermediate Term, which you can use to evaluate the volatility of the fund. Please validate Tax Exempt's Semi Deviation of 0.2065, coefficient of variation of 14904.72, and Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 2.0E-4%. The entity has a beta of -0.0674, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tax Exempt are expected to decrease at a much lower rate. During the bear market, Tax Exempt is likely to outperform the market.
Auto-correlation | -0.86 |
Excellent reverse predictability
Tax Exempt Intermediate Term has excellent reverse predictability. Overlapping area represents the amount of predictability between Tax Exempt time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Tax Exempt Intermediate price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Tax Exempt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tax Exempt Intermediate lagged returns against current returns
Autocorrelation, which is Tax Exempt 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 Tax Exempt's mutual fund expected returns. We can calculate the autocorrelation of Tax Exempt returns to help us make a trade decision. For example, suppose you find that Tax Exempt 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 |
Tax Exempt 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 Tax Exempt mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tax Exempt mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tax Exempt mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tax Exempt Lagged Returns
When evaluating Tax Exempt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tax Exempt mutual fund have on its future price. Tax Exempt 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, Tax Exempt autocorrelation shows the relationship between Tax Exempt mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tax Exempt Intermediate Term.
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 Tax Mutual Fund
Tax Exempt financial ratios help investors to determine whether Tax 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 Tax with respect to the benefits of owning Tax Exempt security.
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