Aim Taxexempt Funds Fund Market Value
| IORMX Fund | USD 2.82 0.01 0.36% |
| Symbol | Aim |
Aim Taxexempt '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 Aim Taxexempt'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 Aim Taxexempt.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Aim Taxexempt on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Aim Taxexempt Funds or generate 0.0% return on investment in Aim Taxexempt over 60 days. Aim Taxexempt is related to or competes with Adams Diversified, American Funds, Prudential Core, Delaware Limited-term, Blackrock Conservative, and Pimco Diversified. The fund invests at least 80 percent of its net assets in securities the income from which, in the opinion of counsel to... More
Aim Taxexempt 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 Aim Taxexempt'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 Aim Taxexempt Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4773 | |||
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 1.07 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.3584 |
Aim Taxexempt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aim Taxexempt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aim Taxexempt's standard deviation. In reality, there are many statistical measures that can use Aim Taxexempt historical prices to predict the future Aim Taxexempt's volatility.| Risk Adjusted Performance | 0.0355 | |||
| Jensen Alpha | 0.0152 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | (0.08) |
Aim Taxexempt Funds Backtested Returns
At this stage we consider Aim Mutual Fund to be very steady. Aim Taxexempt Funds secures Sharpe Ratio (or Efficiency) of 0.0599, which signifies that the fund had a 0.0599% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Aim Taxexempt Funds, which you can use to evaluate the volatility of the entity. Please confirm Aim Taxexempt's Risk Adjusted Performance of 0.0355, downside deviation of 0.4773, and Mean Deviation of 0.1033 to double-check if the risk estimate we provide is consistent with the expected return of 0.0115%. The fund shows a Beta (market volatility) of -0.0763, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aim Taxexempt are expected to decrease at a much lower rate. During the bear market, Aim Taxexempt is likely to outperform the market.
Auto-correlation | -0.67 |
Very good reverse predictability
Aim Taxexempt Funds has very good reverse predictability. Overlapping area represents the amount of predictability between Aim Taxexempt time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th 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 Aim Taxexempt Funds price movement. The serial correlation of -0.67 indicates that around 67.0% of current Aim Taxexempt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aim Taxexempt Funds lagged returns against current returns
Autocorrelation, which is Aim Taxexempt 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 Aim Taxexempt's mutual fund expected returns. We can calculate the autocorrelation of Aim Taxexempt returns to help us make a trade decision. For example, suppose you find that Aim Taxexempt 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 |
Aim Taxexempt 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 Aim Taxexempt mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aim Taxexempt mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aim Taxexempt mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Aim Taxexempt Lagged Returns
When evaluating Aim Taxexempt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aim Taxexempt mutual fund have on its future price. Aim Taxexempt 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, Aim Taxexempt autocorrelation shows the relationship between Aim Taxexempt mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aim Taxexempt Funds.
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 Aim Mutual Fund
Aim Taxexempt financial ratios help investors to determine whether Aim 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 Aim with respect to the benefits of owning Aim Taxexempt security.
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