The Missouri Tax Free Fund Market Value
| CFMOX Fund | USD 18.40 0.03 0.16% |
| Symbol | Missouri |
Missouri 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 Missouri 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 Missouri Tax.
| 09/25/2024 |
| 12/24/2024 |
If you would invest 0.00 in Missouri Tax on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding The Missouri Tax Free or generate 0.0% return on investment in Missouri Tax over 90 days. Missouri Tax is related to or competes with National Tax, American Independence, and Kansas Municipal. The fund normally invests at least 80 percent of its net assets plus any borrowings for investment purposes, in Missouri... More
Missouri 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 Missouri 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 The Missouri Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 1.35 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.2695 |
Missouri Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Missouri Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Missouri Tax's standard deviation. In reality, there are many statistical measures that can use Missouri Tax historical prices to predict the future Missouri Tax's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.65) |
Missouri Tax Backtested Returns
Missouri Tax has Sharpe Ratio of -0.0959, which conveys that the entity had a -0.0959% return per unit of risk over the last 3 months. Missouri Tax exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Missouri Tax's Risk Adjusted Performance of (0.10), standard deviation of 0.2245, and Market Risk Adjusted Performance of (0.64) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0487, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Missouri Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Missouri Tax is expected to be smaller as well.
Auto-correlation | -0.11 |
Insignificant reverse predictability
The Missouri Tax Free has insignificant reverse predictability. Overlapping area represents the amount of predictability between Missouri Tax time series from 25th of September 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Missouri Tax price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Missouri Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Missouri Tax lagged returns against current returns
Autocorrelation, which is Missouri 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 Missouri Tax's mutual fund expected returns. We can calculate the autocorrelation of Missouri Tax returns to help us make a trade decision. For example, suppose you find that Missouri 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 |
Missouri 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 Missouri Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Missouri 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 Missouri Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Missouri Tax Lagged Returns
When evaluating Missouri Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Missouri Tax mutual fund have on its future price. Missouri 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, Missouri Tax autocorrelation shows the relationship between Missouri Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Missouri Tax Free.
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 Missouri Mutual Fund
Missouri Tax financial ratios help investors to determine whether Missouri 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 Missouri with respect to the benefits of owning Missouri Tax security.
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