The Kansas Tax Free Fund Market Value

KTXIX Fund  USD 18.21  0.03  0.17%   
Kansas Tax's market value is the price at which a share of Kansas Tax trades on a public exchange. It measures the collective expectations of The Kansas Tax Free investors about its performance. Kansas Tax is trading at 18.21 as of the 25th of December 2024; that is 0.17 percent up since the beginning of the trading day. The fund's open price was 18.18.
With this module, you can estimate the performance of a buy and hold strategy of The Kansas Tax Free and determine expected loss or profit from investing in Kansas Tax over a given investment horizon. Check out Kansas Tax Correlation, Kansas Tax Volatility and Kansas Tax Alpha and Beta module to complement your research on Kansas Tax.
Symbol

Please note, there is a significant difference between Kansas Tax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kansas Tax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kansas 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.

Kansas 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 Kansas Tax'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 Tax.
0.00
01/05/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/25/2024
0.00
If you would invest  0.00  in Kansas Tax on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding The Kansas Tax Free or generate 0.0% return on investment in Kansas Tax over 720 days. Kansas Tax is related to or competes with National Tax, Missouri Tax, American Independence, and Kansas Municipal. The fund normally invests at least 80 percent of its net assets plus any borrowings for investment purposes in Kansas mu... More

Kansas 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 Kansas Tax'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 The Kansas Tax Free upside and downside potential and time the market with a certain degree of confidence.

Kansas Tax Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Kansas Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kansas Tax's standard deviation. In reality, there are many statistical measures that can use Kansas Tax historical prices to predict the future Kansas Tax's volatility.
Hype
Prediction
LowEstimatedHigh
18.0018.2118.42
Details
Intrinsic
Valuation
LowRealHigh
18.0418.2518.46
Details

Kansas Tax Backtested Returns

Kansas Tax has Sharpe Ratio of -0.1, which conveys that the entity had a -0.1% return per unit of risk over the last 3 months. Kansas Tax exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kansas Tax's Standard Deviation of 0.209, market risk adjusted performance of (0.73), and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0424, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kansas Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kansas Tax is expected to be smaller as well.

Auto-correlation

    
  -0.42  

Modest reverse predictability

The Kansas Tax Free has modest reverse predictability. Overlapping area represents the amount of predictability between Kansas Tax time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Tax price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Kansas Tax price fluctuation can be explain by its past prices.
Correlation Coefficient-0.42
Spearman Rank Test-0.17
Residual Average0.0
Price Variance0.03

Kansas Tax lagged returns against current returns

Autocorrelation, which is Kansas Tax 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 Tax's mutual fund expected returns. We can calculate the autocorrelation of Kansas Tax returns to help us make a trade decision. For example, suppose you find that Kansas Tax 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 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 Kansas Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kansas Tax 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 Tax mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Kansas Tax Lagged Returns

When evaluating Kansas Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kansas Tax mutual fund have on its future price. Kansas 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, Kansas Tax autocorrelation shows the relationship between Kansas Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Kansas Tax Free.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Kansas Mutual Fund

Kansas Tax 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 Tax security.
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