Oklahoma Municipal Fund Market Value
| OKMIX Fund | USD 10.61 0.06 0.56% |
| Symbol | Oklahoma |
Oklahoma 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 Oklahoma 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 Oklahoma Municipal.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Oklahoma Municipal on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Oklahoma Municipal Fund or generate 0.0% return on investment in Oklahoma Municipal over 30 days. Oklahoma 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
Oklahoma 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 Oklahoma 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 Oklahoma Municipal Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 1.52 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.3813 |
Oklahoma Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oklahoma Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oklahoma Municipal's standard deviation. In reality, there are many statistical measures that can use Oklahoma Municipal historical prices to predict the future Oklahoma Municipal's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.18) |
Oklahoma Municipal Backtested Returns
Oklahoma Municipal maintains Sharpe Ratio (i.e., Efficiency) of -0.0192, which implies the entity had a -0.0192% return per unit of risk over the last 3 months. Oklahoma Municipal exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oklahoma Municipal's Variance of 0.0789, risk adjusted performance of (0.03), and Coefficient Of Variation of (5,287) to confirm the risk estimate we provide. The fund holds a Beta of 0.0856, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oklahoma Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oklahoma Municipal is expected to be smaller as well.
Auto-correlation | -0.82 |
Excellent reverse predictability
Oklahoma Municipal Fund has excellent reverse predictability. Overlapping area represents the amount of predictability between Oklahoma Municipal time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Oklahoma Municipal price movement. The serial correlation of -0.82 indicates that around 82.0% of current Oklahoma Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Oklahoma Municipal lagged returns against current returns
Autocorrelation, which is Oklahoma 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 Oklahoma Municipal's mutual fund expected returns. We can calculate the autocorrelation of Oklahoma Municipal returns to help us make a trade decision. For example, suppose you find that Oklahoma 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 |
Oklahoma 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 Oklahoma Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oklahoma 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 Oklahoma Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oklahoma Municipal Lagged Returns
When evaluating Oklahoma Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oklahoma Municipal mutual fund have on its future price. Oklahoma 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, Oklahoma Municipal autocorrelation shows the relationship between Oklahoma Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oklahoma 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 Oklahoma Mutual Fund
Oklahoma Municipal financial ratios help investors to determine whether Oklahoma 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 Oklahoma with respect to the benefits of owning Oklahoma Municipal security.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |