Viking Tax Free Fund Alpha and Beta Analysis
| VNDIX Fund | USD 8.95 0.06 0.67% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Viking Tax Free Fund. It also helps investors analyze the systematic and unsystematic risks associated with investing in Viking Tax over a specified time horizon. Remember, high Viking Tax's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Viking Tax's market risk premium analysis include:
Beta 0.0746 | Alpha (0.02) | Risk 0.29 | Sharpe Ratio (0.03) | Expected Return (0.01) |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Viking |
Viking Tax Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Viking Tax market risk premium is the additional return an investor will receive from holding Viking Tax long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Viking Tax. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Viking Tax's performance over market.| α | -0.02 | β | 0.07 |
Viking Tax expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Viking Tax's Buy-and-hold return. Our buy-and-hold chart shows how Viking Tax performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Viking Tax Market Price Analysis
Market price analysis indicators help investors to evaluate how Viking Tax mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Viking Tax shares will generate the highest return on investment. By understating and applying Viking Tax mutual fund market price indicators, traders can identify Viking Tax position entry and exit signals to maximize returns.
Viking Tax Return and Market Media
The median price of Viking Tax for the period between Sun, Sep 15, 2024 and Sat, Dec 14, 2024 is 8.97 with a coefficient of variation of 0.77. The daily time series for the period is distributed with a sample standard deviation of 0.07, arithmetic mean of 8.95, and mean deviation of 0.06. The Fund did not receive any noticable media coverage during the period. Price Growth (%) |
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About Viking Tax Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Viking or other funds. Alpha measures the amount that position in Viking Tax Free has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Viking Tax in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Viking Tax's short interest history, or implied volatility extrapolated from Viking Tax options trading.
Build Portfolio with Viking Tax
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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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