Vanguard Intermediate Term Tax Exempt Fund Market Value
| VWIUX Fund | USD 13.74 0.03 0.22% |
| Symbol | Vanguard |
Vanguard Intermediate-ter '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 Intermediate-ter'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 Intermediate-ter.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Vanguard Intermediate-ter on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Intermediate Term Tax Exempt or generate 0.0% return on investment in Vanguard Intermediate-ter over 90 days. Vanguard Intermediate-ter is related to or competes with Vanguard Limited, Vanguard Long-term, Vanguard High-yield, Vanguard Short-term, and Vanguard Short. The fund has no limitations on the maturity of individual securities but is expected to maintain a dollar-weighted avera... More
Vanguard Intermediate-ter 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 Intermediate-ter'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 Intermediate Term Tax Exempt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3068 | |||
| Information Ratio | (0.64) | |||
| Maximum Drawdown | 1.1 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.2216 |
Vanguard Intermediate-ter Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Intermediate-ter's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Intermediate-ter's standard deviation. In reality, there are many statistical measures that can use Vanguard Intermediate-ter historical prices to predict the future Vanguard Intermediate-ter's volatility.| Risk Adjusted Performance | 0.0163 | |||
| Jensen Alpha | (0.0006) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.41) | |||
| Treynor Ratio | 0.0921 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Intermediate-ter'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 Intermediate-ter Backtested Returns
At this stage we consider Vanguard Mutual Fund to be very steady. Vanguard Intermediate-ter owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0593, which indicates the fund had a 0.0593% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Vanguard Intermediate Term Tax Exempt, which you can use to evaluate the volatility of the fund. Please validate Vanguard Intermediate-ter's Risk Adjusted Performance of 0.0163, semi deviation of 0.1589, and Coefficient Of Variation of 1687.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.0116%. The entity has a beta of 0.0174, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vanguard Intermediate-ter's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vanguard Intermediate-ter is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
Vanguard Intermediate Term Tax Exempt has weak reverse predictability. Overlapping area represents the amount of predictability between Vanguard Intermediate-ter time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Intermediate-ter price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Vanguard Intermediate-ter price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vanguard Intermediate-ter lagged returns against current returns
Autocorrelation, which is Vanguard Intermediate-ter 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 Intermediate-ter's mutual fund expected returns. We can calculate the autocorrelation of Vanguard Intermediate-ter returns to help us make a trade decision. For example, suppose you find that Vanguard Intermediate-ter 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 Intermediate-ter 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 Intermediate-ter mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Intermediate-ter 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 Intermediate-ter mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Intermediate-ter Lagged Returns
When evaluating Vanguard Intermediate-ter's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Intermediate-ter mutual fund have on its future price. Vanguard Intermediate-ter 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 Intermediate-ter autocorrelation shows the relationship between Vanguard Intermediate-ter mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Intermediate 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 Intermediate-ter 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 Intermediate-ter security.
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