Taxable Municipal Bond Fund Market Value
| DUTMX Fund | USD 7.30 0.02 0.27% |
| Symbol | Taxable |
Taxable Municipal '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 Taxable Municipal'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 Taxable Municipal.
| 09/03/2024 |
| 01/01/2025 |
If you would invest 0.00 in Taxable Municipal on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Taxable Municipal Bond or generate 0.0% return on investment in Taxable Municipal over 120 days. Taxable Municipal is related to or competes with North Carolina, Kentucky Tax, North Carolina, Kentucky Tax-free, Intermediate Government, Tennessee Tax, and Alabama Tax-free. The fund seeks to provide a steady flow of taxable income derived from taxable municipal securities of investment grade ... More
Taxable Municipal 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 Taxable Municipal'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 Taxable Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 2.3 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 0.5405 |
Taxable Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taxable Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taxable Municipal's standard deviation. In reality, there are many statistical measures that can use Taxable Municipal historical prices to predict the future Taxable Municipal's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (2.83) |
Taxable Municipal Bond Backtested Returns
Taxable Municipal Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the fund had a -0.13% return per unit of risk over the last 3 months. Taxable Municipal Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taxable Municipal's Risk Adjusted Performance of (0.11), variance of 0.2176, and Coefficient Of Variation of (753.26) to confirm the risk estimate we provide. The entity has a beta of 0.0254, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taxable Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taxable Municipal is expected to be smaller as well.
Auto-correlation | 0.41 |
Average predictability
Taxable Municipal Bond has average predictability. Overlapping area represents the amount of predictability between Taxable Municipal time series from 3rd of September 2024 to 2nd of November 2024 and 2nd of November 2024 to 1st of January 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 Taxable Municipal Bond price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Taxable Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Taxable Municipal Bond lagged returns against current returns
Autocorrelation, which is Taxable Municipal 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 Taxable Municipal's mutual fund expected returns. We can calculate the autocorrelation of Taxable Municipal returns to help us make a trade decision. For example, suppose you find that Taxable Municipal 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 |
Taxable Municipal 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 Taxable Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taxable Municipal mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taxable Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Taxable Municipal Lagged Returns
When evaluating Taxable Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taxable Municipal mutual fund have on its future price. Taxable Municipal 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, Taxable Municipal autocorrelation shows the relationship between Taxable Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Taxable Municipal Bond.
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.| NVDA | NVIDIA | |
| CRESY | Cresud SACIF y | |
| GOOG | Alphabet Inc Class C |
Other Information on Investing in Taxable Mutual Fund
Taxable Municipal financial ratios help investors to determine whether Taxable 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 Taxable with respect to the benefits of owning Taxable Municipal security.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |