The National Tax Free Fund Market Value

CFNLX Fund  USD 18.55  0.02  0.11%   
National Tax's market value is the price at which a share of National Tax trades on a public exchange. It measures the collective expectations of The National Tax Free investors about its performance. National Tax is trading at 18.55 as of the 15th of March 2025; that is 0.11 percent down since the beginning of the trading day. The fund's open price was 18.57.
With this module, you can estimate the performance of a buy and hold strategy of The National Tax Free and determine expected loss or profit from investing in National Tax over a given investment horizon. Check out National Tax Correlation, National Tax Volatility and National Tax Alpha and Beta module to complement your research on National Tax.
Symbol

Please note, there is a significant difference between National Tax's value and its price as these two are different measures arrived at by different means. Investors typically determine if National Tax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Tax's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
18.3518.5518.75
Details
Intrinsic
Valuation
LowRealHigh
18.3518.5518.75
Details
Naive
Forecast
LowNextHigh
18.2918.4818.68
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
18.3418.5618.78
Details

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), standard deviation of 0.1984, and Risk Adjusted Performance of (0.1) 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 Average0.0
Price Variance0.0

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  

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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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