Vanguard Ohio Long Term Fund Market Value
| VOHIX Fund | USD 11.86 0.03 0.25% |
| Symbol | Vanguard |
Vanguard Ohio '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 Ohio'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 Ohio.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Vanguard Ohio on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Vanguard Ohio Long Term or generate 0.0% return on investment in Vanguard Ohio over 360 days. Vanguard Ohio is related to or competes with Vanguard Pennsylvania, Vanguard Massachusetts, Vanguard New, Vanguard New, and Vanguard Long. The fund invests primarily in high-quality municipal bonds issued by Ohio state and local governments, as well as by reg... More
Vanguard Ohio 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 Ohio'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 Ohio Long Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4378 | |||
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 1.63 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.4255 |
Vanguard Ohio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Ohio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Ohio's standard deviation. In reality, there are many statistical measures that can use Vanguard Ohio historical prices to predict the future Vanguard Ohio's volatility.| Risk Adjusted Performance | 0.0575 | |||
| Jensen Alpha | 0.0324 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.25) | |||
| Treynor Ratio | (0.15) |
Vanguard Ohio Long Backtested Returns
At this stage we consider Vanguard Mutual Fund to be very steady. Vanguard Ohio Long owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0761, which indicates the fund had a 0.0761% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Vanguard Ohio Long Term, which you can use to evaluate the volatility of the fund. Please validate Vanguard Ohio's Risk Adjusted Performance of 0.0575, semi deviation of 0.2225, and Coefficient Of Variation of 1024.2 to confirm if the risk estimate we provide is consistent with the expected return of 0.0216%. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vanguard Ohio are expected to decrease at a much lower rate. During the bear market, Vanguard Ohio is likely to outperform the market.
Auto-correlation | 0.01 |
Virtually no predictability
Vanguard Ohio Long Term has virtually no predictability. Overlapping area represents the amount of predictability between Vanguard Ohio 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 Ohio Long price movement. The serial correlation of 0.01 indicates that just 1.0% of current Vanguard Ohio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Vanguard Ohio Long lagged returns against current returns
Autocorrelation, which is Vanguard Ohio 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 Ohio's mutual fund expected returns. We can calculate the autocorrelation of Vanguard Ohio returns to help us make a trade decision. For example, suppose you find that Vanguard Ohio 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 Ohio 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 Ohio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Ohio 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 Ohio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Ohio Lagged Returns
When evaluating Vanguard Ohio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Ohio mutual fund have on its future price. Vanguard Ohio 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 Ohio autocorrelation shows the relationship between Vanguard Ohio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Ohio Long 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 Vanguard Mutual Fund
Vanguard Ohio 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 Ohio security.
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