Viking Tax Free Fund Market Value

VNDFX Fund  USD 8.95  0.05  0.56%   
Viking Tax's market value is the price at which a share of Viking Tax trades on a public exchange. It measures the collective expectations of Viking Tax Free Fund investors about its performance. Viking Tax is trading at 8.95 as of the 14th of December 2024; that is 0.56% down since the beginning of the trading day. The fund's open price was 9.0.
With this module, you can estimate the performance of a buy and hold strategy of Viking Tax Free Fund and determine expected loss or profit from investing in Viking Tax over a given investment horizon. Check out Viking Tax Correlation, Viking Tax Volatility and Viking Tax Alpha and Beta module to complement your research on Viking Tax.
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Please note, there is a significant difference between Viking Tax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Viking Tax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Viking Tax's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Viking Tax '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 Viking Tax'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 Viking Tax.
0.00
11/14/2024
No Change 0.00  0.0 
In 31 days
12/14/2024
0.00
If you would invest  0.00  in Viking Tax on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Viking Tax Free Fund or generate 0.0% return on investment in Viking Tax over 30 days. Viking Tax is related to or competes with Viking Tax, Integrity Dividend, Integrity Dividend, Nebraska Municipal, Williston Basinmid, Williston Basinmid, and Williston Basinmid. To pursue its objective, the fund normally invests at least 80 percent of its net assets in municipal securities that pa... More

Viking Tax 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 Viking Tax'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 Viking Tax Free Fund upside and downside potential and time the market with a certain degree of confidence.

Viking Tax Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Viking Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viking Tax's standard deviation. In reality, there are many statistical measures that can use Viking Tax historical prices to predict the future Viking Tax's volatility.
Hype
Prediction
LowEstimatedHigh
8.648.959.26
Details
Intrinsic
Valuation
LowRealHigh
8.638.949.25
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Viking Tax. Your research has to be compared to or analyzed against Viking Tax's peers to derive any actionable benefits. When done correctly, Viking Tax's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Viking Tax Free.

Viking Tax Free Backtested Returns

Viking Tax Free owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0266, which indicates the fund had a -0.0266% return per unit of risk over the last 3 months. Viking Tax Free Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Viking Tax's Coefficient Of Variation of (3,782), risk adjusted performance of (0.03), and Variance of 0.0913 to confirm the risk estimate we provide. The entity has a beta of 0.0777, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Viking Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Viking Tax is expected to be smaller as well.

Auto-correlation

    
  -0.85  

Excellent reverse predictability

Viking Tax Free Fund has excellent reverse predictability. Overlapping area represents the amount of predictability between Viking Tax time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Viking Tax Free price movement. The serial correlation of -0.85 indicates that around 85.0% of current Viking Tax price fluctuation can be explain by its past prices.
Correlation Coefficient-0.85
Spearman Rank Test-0.43
Residual Average0.0
Price Variance0.0

Viking Tax Free lagged returns against current returns

Autocorrelation, which is Viking Tax 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 Viking Tax's mutual fund expected returns. We can calculate the autocorrelation of Viking Tax returns to help us make a trade decision. For example, suppose you find that Viking Tax 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  

Viking Tax 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 Viking Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viking Tax mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Viking Tax mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Viking Tax Lagged Returns

When evaluating Viking Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viking Tax mutual fund have on its future price. Viking Tax 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, Viking Tax autocorrelation shows the relationship between Viking Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Viking Tax Free Fund.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Viking Mutual Fund

Viking Tax financial ratios help investors to determine whether Viking 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 Viking with respect to the benefits of owning Viking Tax security.
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