The National Tax Free Fund Market Value
| CFNLX Fund | USD 18.55 0.02 0.11% |
| Symbol | National |
National 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 National 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 National Tax.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in National Tax on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding The National Tax Free or generate 0.0% return on investment in National Tax over 90 days. National Tax is related to or competes with The Missouri, The Bond, High-yield Municipal, Fidelity Intermediate, and Sit Tax-free. The fund normally invests at least 80 percent of its net assets plus any borrowings for investment purposes, in municipa... More
National 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 National 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 National Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.4265 | |||
| Maximum Drawdown | 0.8601 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.3221 |
National Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Tax's standard deviation. In reality, there are many statistical measures that can use National Tax historical prices to predict the future National Tax's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 4.0E-4 | |||
| Treynor Ratio | (0.62) |
National Tax Backtested Returns
National Tax has Sharpe Ratio of close to zero, which conveys that the entity had a close to zero % return per unit of risk over the last 3 months. National Tax exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify National Tax's Market Risk Adjusted Performance of (0.61), risk adjusted performance of (0.1), and Standard Deviation of 0.1984 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0391, which conveys not very significant fluctuations relative to the market. As returns on the market increase, National Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding National Tax is expected to be smaller as well.
Auto-correlation | -0.43 |
Modest reverse predictability
The National Tax Free has modest reverse predictability. Overlapping area represents the amount of predictability between National Tax time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of National Tax price movement. The serial correlation of -0.43 indicates that just about 43.0% of current National Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
National Tax lagged returns against current returns
Autocorrelation, which is National 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 National Tax's mutual fund expected returns. We can calculate the autocorrelation of National Tax returns to help us make a trade decision. For example, suppose you find that National 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 |
National 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 National Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National 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 National Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
National Tax Lagged Returns
When evaluating National Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Tax mutual fund have on its future price. National 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, National Tax autocorrelation shows the relationship between National Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The National 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 National Mutual Fund
National Tax financial ratios help investors to determine whether National 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 National with respect to the benefits of owning National Tax security.
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