Kentucky Tax Free Income Fund Market Value

KYTFX Fund  USD 7.13  0.02  0.28%   
Kentucky Tax-free's market value is the price at which a share of Kentucky Tax-free trades on a public exchange. It measures the collective expectations of Kentucky Tax Free Income investors about its performance. Kentucky Tax-free is trading at 7.13 as of the 15th of March 2025; that is 0.28 percent down since the beginning of the trading day. The fund's open price was 7.15.
With this module, you can estimate the performance of a buy and hold strategy of Kentucky Tax Free Income and determine expected loss or profit from investing in Kentucky Tax-free over a given investment horizon. Check out Kentucky Tax-free Correlation, Kentucky Tax-free Volatility and Kentucky Tax-free Alpha and Beta module to complement your research on Kentucky Tax-free.
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Please note, there is a significant difference between Kentucky Tax-free's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kentucky Tax-free is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kentucky Tax-free'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.

Kentucky Tax-free '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 Kentucky Tax-free'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 Kentucky Tax-free.
0.00
12/15/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/15/2025
0.00
If you would invest  0.00  in Kentucky Tax-free on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Kentucky Tax Free Income or generate 0.0% return on investment in Kentucky Tax-free over 90 days. Kentucky Tax-free is related to or competes with Nationwide Government, Rbc Ultra-short, Ishares Aggregate, Vanguard Intermediate-ter, Western Asset, Federated Total, and Flexible Bond. The fund seeks to provide a steady flow of tax-exempt income derived from Kentucky municipal securities of investment gr... More

Kentucky Tax-free 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 Kentucky Tax-free'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 Kentucky Tax Free Income upside and downside potential and time the market with a certain degree of confidence.

Kentucky Tax-free Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Kentucky Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kentucky Tax-free's standard deviation. In reality, there are many statistical measures that can use Kentucky Tax-free historical prices to predict the future Kentucky Tax-free's volatility.
Hype
Prediction
LowEstimatedHigh
6.857.137.41
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Intrinsic
Valuation
LowRealHigh
6.857.137.41
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Kentucky Tax-free. Your research has to be compared to or analyzed against Kentucky Tax-free's peers to derive any actionable benefits. When done correctly, Kentucky Tax-free's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Kentucky Tax Free.

Kentucky Tax Free Backtested Returns

Kentucky Tax Free has Sharpe Ratio of -0.0571, which conveys that the entity had a -0.0571 % return per unit of risk over the last 3 months. Kentucky Tax-free exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kentucky Tax-free's Standard Deviation of 0.2718, mean deviation of 0.18, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0079, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kentucky Tax-free are expected to decrease at a much lower rate. During the bear market, Kentucky Tax-free is likely to outperform the market.

Auto-correlation

    
  -0.46  

Modest reverse predictability

Kentucky Tax Free Income has modest reverse predictability. Overlapping area represents the amount of predictability between Kentucky Tax-free time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Kentucky Tax Free price movement. The serial correlation of -0.46 indicates that about 46.0% of current Kentucky Tax-free price fluctuation can be explain by its past prices.
Correlation Coefficient-0.46
Spearman Rank Test0.08
Residual Average0.0
Price Variance0.0

Kentucky Tax Free lagged returns against current returns

Autocorrelation, which is Kentucky Tax-free 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 Kentucky Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Kentucky Tax-free returns to help us make a trade decision. For example, suppose you find that Kentucky Tax-free 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  

Kentucky Tax-free 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 Kentucky Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kentucky Tax-free mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kentucky Tax-free mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Kentucky Tax-free Lagged Returns

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

Kentucky Tax-free financial ratios help investors to determine whether Kentucky 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 Kentucky with respect to the benefits of owning Kentucky Tax-free security.
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