Kansas Municipal Fund Market Value
| KSMUX Fund | USD 9.67 0.05 0.51% |
| Symbol | Kansas |
Kansas 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 Kansas 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 Kansas Municipal.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Kansas Municipal on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Kansas Municipal Fund or generate 0.0% return on investment in Kansas Municipal over 720 days. Kansas Municipal is related to or competes with Viking Tax, Integrity Dividend, Integrity Dividend, Nebraska Municipal, Williston Basinmid, Williston Basinmid, and Williston Basinmid. The fund normally invests at least 80 percent of its net assets in municipal securities that pay interest free from fede... More
Kansas 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 Kansas 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 Kansas Municipal Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 1.46 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.3141 |
Kansas Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kansas Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kansas Municipal's standard deviation. In reality, there are many statistical measures that can use Kansas Municipal historical prices to predict the future Kansas Municipal's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.2164 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kansas Municipal'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.
Kansas Municipal Backtested Returns
Kansas Municipal has Sharpe Ratio of -0.033, which conveys that the entity had a -0.033% return per unit of risk over the last 3 months. Kansas Municipal exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kansas Municipal's Mean Deviation of 0.1526, standard deviation of 0.2745, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0878, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kansas Municipal are expected to decrease at a much lower rate. During the bear market, Kansas Municipal is likely to outperform the market.
Auto-correlation | -0.26 |
Weak reverse predictability
Kansas Municipal Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Kansas Municipal time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th of December 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 Kansas Municipal price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Kansas Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Kansas Municipal lagged returns against current returns
Autocorrelation, which is Kansas 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 Kansas Municipal's mutual fund expected returns. We can calculate the autocorrelation of Kansas Municipal returns to help us make a trade decision. For example, suppose you find that Kansas 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 |
Kansas 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 Kansas Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kansas 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 Kansas Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kansas Municipal Lagged Returns
When evaluating Kansas Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kansas Municipal mutual fund have on its future price. Kansas 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, Kansas Municipal autocorrelation shows the relationship between Kansas Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kansas Municipal Fund.
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 Kansas Mutual Fund
Kansas Municipal financial ratios help investors to determine whether Kansas 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 Kansas with respect to the benefits of owning Kansas Municipal security.
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