Vanguard Limited Term Tax Exempt Fund Market Value
| VMLTX Fund | USD 10.91 0.01 0.09% |
| Symbol | Vanguard |
Vanguard Limited-term '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 Vanguard Limited-term'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 Vanguard Limited-term.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Vanguard Limited-term on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Vanguard Limited Term Tax Exempt or generate 0.0% return on investment in Vanguard Limited-term over 360 days. Vanguard Limited-term is related to or competes with Vanguard Intermediate, Vanguard Long, Vanguard High, and Vanguard Short-term. The fund has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted aver... More
Vanguard Limited-term 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 Vanguard Limited-term'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 Vanguard Limited Term Tax Exempt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2034 | |||
| Information Ratio | (1.12) | |||
| Maximum Drawdown | 0.7366 | |||
| Value At Risk | (0.18) | |||
| Potential Upside | 0.1847 |
Vanguard Limited-term Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Limited-term's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Limited-term's standard deviation. In reality, there are many statistical measures that can use Vanguard Limited-term historical prices to predict the future Vanguard Limited-term's volatility.| Risk Adjusted Performance | 0.0183 | |||
| Jensen Alpha | 0.0068 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.62) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Limited-term'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.
Vanguard Limited Term Backtested Returns
At this stage we consider Vanguard Mutual Fund to be very steady. Vanguard Limited Term owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0663, which indicates the fund had a 0.0663% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Vanguard Limited Term Tax Exempt, which you can use to evaluate the volatility of the fund. Please validate Vanguard Limited-term's Risk Adjusted Performance of 0.0183, standard deviation of 0.1124, and Downside Deviation of 0.2034 to confirm if the risk estimate we provide is consistent with the expected return of 0.0072%. The entity has a beta of -0.0436, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vanguard Limited-term are expected to decrease at a much lower rate. During the bear market, Vanguard Limited-term is likely to outperform the market.
Auto-correlation | 0.50 |
Modest predictability
Vanguard Limited Term Tax Exempt has modest predictability. Overlapping area represents the amount of predictability between Vanguard Limited-term time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 Vanguard Limited Term price movement. The serial correlation of 0.5 indicates that about 50.0% of current Vanguard Limited-term price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Vanguard Limited Term lagged returns against current returns
Autocorrelation, which is Vanguard Limited-term 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 Vanguard Limited-term's mutual fund expected returns. We can calculate the autocorrelation of Vanguard Limited-term returns to help us make a trade decision. For example, suppose you find that Vanguard Limited-term 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 |
Vanguard Limited-term 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 Vanguard Limited-term mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Limited-term mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Limited-term mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Limited-term Lagged Returns
When evaluating Vanguard Limited-term's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Limited-term mutual fund have on its future price. Vanguard Limited-term 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, Vanguard Limited-term autocorrelation shows the relationship between Vanguard Limited-term mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Limited Term Tax Exempt.
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 Vanguard Mutual Fund
Vanguard Limited-term financial ratios help investors to determine whether Vanguard 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 Vanguard with respect to the benefits of owning Vanguard Limited-term security.
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