Dtf Tax Free Stock Market Value
| DTF Stock | USD 11.28 0.02 0.18% |
| Symbol | DTF |
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DTF Tax. If investors know DTF will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DTF Tax listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of DTF Tax Free is measured differently than its book value, which is the value of DTF that is recorded on the company's balance sheet. Investors also form their own opinion of DTF Tax's value that differs from its market value or its book value, called intrinsic value, which is DTF Tax's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DTF Tax's market value can be influenced by many factors that don't directly affect DTF Tax's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DTF Tax's value and its price as these two are different measures arrived at by different means. Investors typically determine if DTF Tax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DTF 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.
DTF 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 DTF Tax's stock 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 DTF Tax.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in DTF Tax on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding DTF Tax Free or generate 0.0% return on investment in DTF Tax over 30 days. DTF Tax is related to or competes with MFS Investment, Eaton Vance, Invesco High, MFS High, MFS Municipal, MFS Government, and Blackrock Muniholdings. DTF Tax-Free Income 2028 Term Fund Inc. is a closed-ended fixed income mutual fund launched by Virtus Investment Partner... More
DTF 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 DTF Tax's stock 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 DTF Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3169 | |||
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 1.96 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.5391 |
DTF Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DTF Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DTF Tax's standard deviation. In reality, there are many statistical measures that can use DTF Tax historical prices to predict the future DTF Tax's volatility.| Risk Adjusted Performance | 0.0381 | |||
| Jensen Alpha | 0.0179 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DTF Tax'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.
DTF Tax Free Backtested Returns
At this point, DTF Tax is very steady. DTF Tax Free secures Sharpe Ratio (or Efficiency) of 0.0679, which denotes the company had a 0.0679% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for DTF Tax Free, which you can use to evaluate the volatility of the firm. Please confirm DTF Tax's mean deviation of 0.2279, and Downside Deviation of 0.3169 to check if the risk estimate we provide is consistent with the expected return of 0.0218%. DTF Tax has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0534, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DTF Tax are expected to decrease at a much lower rate. During the bear market, DTF Tax is likely to outperform the market. DTF Tax Free now shows a risk of 0.32%. Please confirm DTF Tax Free downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if DTF Tax Free will be following its price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
DTF Tax Free has weak reverse predictability. Overlapping area represents the amount of predictability between DTF Tax time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 DTF Tax Free price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current DTF Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DTF Tax Free lagged returns against current returns
Autocorrelation, which is DTF Tax stock'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 DTF Tax's stock expected returns. We can calculate the autocorrelation of DTF Tax returns to help us make a trade decision. For example, suppose you find that DTF Tax has exhibited high autocorrelation historically, and you observe that the stock 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 |
DTF 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 DTF Tax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DTF Tax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DTF Tax stock over time.
Current vs Lagged Prices |
| Timeline |
DTF Tax Lagged Returns
When evaluating DTF Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DTF Tax stock have on its future price. DTF 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, DTF Tax autocorrelation shows the relationship between DTF Tax stock current value and its past values and can show if there is a momentum factor associated with investing in DTF Tax Free.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether DTF Tax Free is a strong investment it is important to analyze DTF Tax's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DTF Tax's future performance. For an informed investment choice regarding DTF Stock, refer to the following important reports:Check out DTF Tax Correlation, DTF Tax Volatility and DTF Tax Alpha and Beta module to complement your research on DTF Tax. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
DTF Tax technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.