Federated Premier Municipal Fund Market Value
| FMN Fund | USD 11.26 0.04 0.36% |
| Symbol | Federated |
Federated Premier '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 Federated Premier's 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 Federated Premier.
| 01/26/2025 |
| 02/25/2025 |
If you would invest 0.00 in Federated Premier on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding Federated Premier Municipal or generate 0.0% return on investment in Federated Premier over 30 days. Federated Premier is related to or competes with MFS Investment, Eaton Vance, and DTF Tax. Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc More
Federated Premier 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 Federated Premier's 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 Federated Premier Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5516 | |||
| Information Ratio | 0.0251 | |||
| Maximum Drawdown | 2.65 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 0.8021 |
Federated Premier Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Federated Premier's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Federated Premier's standard deviation. In reality, there are many statistical measures that can use Federated Premier historical prices to predict the future Federated Premier's volatility.| Risk Adjusted Performance | 0.0221 | |||
| Jensen Alpha | 0.0099 | |||
| Total Risk Alpha | 0.0129 | |||
| Sortino Ratio | 0.0254 | |||
| Treynor Ratio | 0.0598 |
Federated Premier Backtested Returns
As of now, Federated Fund is very steady. Federated Premier secures Sharpe Ratio (or Efficiency) of 0.0268, which denotes the fund had a 0.0268 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Federated Premier Municipal, which you can use to evaluate the volatility of the entity. Please confirm Federated Premier's Downside Deviation of 0.5516, mean deviation of 0.4302, and Coefficient Of Variation of 2911.08 to check if the risk estimate we provide is consistent with the expected return of 0.0152%. The fund shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Federated Premier's returns are expected to increase less than the market. However, during the bear market, the loss of holding Federated Premier is expected to be smaller as well.
Auto-correlation | 0.76 |
Good predictability
Federated Premier Municipal has good predictability. Overlapping area represents the amount of predictability between Federated Premier time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th of February 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 Federated Premier price movement. The serial correlation of 0.76 indicates that around 76.0% of current Federated Premier price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Federated Premier lagged returns against current returns
Autocorrelation, which is Federated Premier 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 Federated Premier's fund expected returns. We can calculate the autocorrelation of Federated Premier returns to help us make a trade decision. For example, suppose you find that Federated Premier has exhibited high autocorrelation historically, and you observe that the 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 |
Federated Premier 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 Federated Premier fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Federated Premier fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Federated Premier fund over time.
Current vs Lagged Prices |
| Timeline |
Federated Premier Lagged Returns
When evaluating Federated Premier's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Federated Premier fund have on its future price. Federated Premier 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, Federated Premier autocorrelation shows the relationship between Federated Premier fund current value and its past values and can show if there is a momentum factor associated with investing in Federated Premier Municipal.
Regressed Prices |
| Timeline |
Other Information on Investing in Federated Fund
Federated Premier financial ratios help investors to determine whether Federated 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 Federated with respect to the benefits of owning Federated Premier security.
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