Federated Municipal Bond Fund Market Value
| LMSFX Fund | USD 9.59 0.02 0.21% |
| Symbol | Federated |
Federated 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 Federated 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 Federated Municipal.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Federated Municipal on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Federated Municipal Bond or generate 0.0% return on investment in Federated Municipal over 60 days. Federated Municipal is related to or competes with Federated Emerging, Federated Mdt, Federated Mdt, Federated Global, Federated Hermes, Federated Strategic, and Federated Strategic. The fund pursues its objective by investing its assets so that normally distributions of annual interest income are exem... More
Federated 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 Federated 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 Federated Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 1.56 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.3099 |
Federated Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Federated Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Federated Municipal's standard deviation. In reality, there are many statistical measures that can use Federated Municipal historical prices to predict the future Federated Municipal's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (4.10) |
Federated Municipal Bond Backtested Returns
Federated Municipal Bond secures Sharpe Ratio (or Efficiency) of -0.0795, which denotes the fund had a -0.0795% return per unit of risk over the last 3 months. Federated Municipal Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Federated Municipal's Mean Deviation of 0.1935, variance of 0.0829, and Standard Deviation of 0.2879 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0092, which means not very significant fluctuations relative to the market. As returns on the market increase, Federated Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Federated Municipal is expected to be smaller as well.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Federated Municipal Bond has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Federated Municipal time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Municipal Bond price movement. The serial correlation of -0.71 indicates that around 71.0% of current Federated Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Federated Municipal Bond lagged returns against current returns
Autocorrelation, which is Federated 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 Federated Municipal's mutual fund expected returns. We can calculate the autocorrelation of Federated Municipal returns to help us make a trade decision. For example, suppose you find that Federated 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 |
Federated 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 Federated Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Federated 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 Federated Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Federated Municipal Lagged Returns
When evaluating Federated Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Federated Municipal mutual fund have on its future price. Federated 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, Federated Municipal autocorrelation shows the relationship between Federated Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Federated Municipal Bond.
Regressed Prices |
| Timeline |
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Other Information on Investing in Federated Mutual Fund
Federated Municipal financial ratios help investors to determine whether Federated 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 Federated with respect to the benefits of owning Federated Municipal security.
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