Near Term Tax Free Fund Market Value
| NEARX Fund | USD 2.10 0.00 0.00% |
| Symbol | Near-term |
Near-term 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 Near-term 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 Near-term Tax.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Near-term Tax on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Near Term Tax Free or generate 0.0% return on investment in Near-term Tax over 90 days. Near-term Tax is related to or competes with Morningstar Growth, The Hartford, Needham Aggressive, Stringer Growth, The Esg, Praxis Genesis, and Transamerica Capital. Under normal market conditions, the fund invests at least 80 percent of its net assets in investment grade municipal sec... More
Near-term 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 Near-term 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 Near Term Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.5983 | |||
| Maximum Drawdown | 0.9592 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.4785 |
Near-term Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Near-term Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Near-term Tax's standard deviation. In reality, there are many statistical measures that can use Near-term Tax historical prices to predict the future Near-term Tax's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | 0.0197 | |||
| Treynor Ratio | (0.20) |
Near Term Tax Backtested Returns
At this stage we consider Near-term Mutual Fund to be very steady. Near Term Tax has Sharpe Ratio of 0.0435, which conveys that the entity had a 0.0435 % return per unit of risk over the last 3 months. We have found nineteen technical indicators for Near-term Tax, which you can use to evaluate the volatility of the fund. Please verify Near-term Tax's Standard Deviation of 0.1779, mean deviation of 0.0715, and insignificant Risk Adjusted Performance to check out if the risk estimate we provide is consistent with the expected return of 0.0081%. The fund secures a Beta (Market Risk) of 0.0132, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Near-term Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Near-term Tax is expected to be smaller as well.
Auto-correlation | -0.48 |
Modest reverse predictability
Near Term Tax Free has modest reverse predictability. Overlapping area represents the amount of predictability between Near-term Tax time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Near Term Tax price movement. The serial correlation of -0.48 indicates that about 48.0% of current Near-term Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Near Term Tax lagged returns against current returns
Autocorrelation, which is Near-term 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 Near-term Tax's mutual fund expected returns. We can calculate the autocorrelation of Near-term Tax returns to help us make a trade decision. For example, suppose you find that Near-term 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 |
Near-term 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 Near-term Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Near-term 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 Near-term Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Near-term Tax Lagged Returns
When evaluating Near-term Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Near-term Tax mutual fund have on its future price. Near-term 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, Near-term Tax autocorrelation shows the relationship between Near-term Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Near Term Tax Free.
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 Near-term Mutual Fund
Near-term Tax financial ratios help investors to determine whether Near-term 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 Near-term with respect to the benefits of owning Near-term Tax security.
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