Maryland Short Term Tax Free Fund Market Value

PRMDX Fund  USD 5.13  0.01  0.19%   
Maryland Short-term's market value is the price at which a share of Maryland Short-term trades on a public exchange. It measures the collective expectations of Maryland Short Term Tax Free investors about its performance. Maryland Short-term is trading at 5.13 as of the 16th of March 2025; that is 0.19 percent decrease since the beginning of the trading day. The fund's open price was 5.14.
With this module, you can estimate the performance of a buy and hold strategy of Maryland Short Term Tax Free and determine expected loss or profit from investing in Maryland Short-term over a given investment horizon. Check out Maryland Short-term Correlation, Maryland Short-term Volatility and Maryland Short-term Alpha and Beta module to complement your research on Maryland Short-term.
Symbol

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

Maryland Short-term '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 Maryland Short-term'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 Maryland Short-term.
0.00
12/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/16/2025
0.00
If you would invest  0.00  in Maryland Short-term on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Maryland Short Term Tax Free or generate 0.0% return on investment in Maryland Short-term over 90 days. Maryland Short-term is related to or competes with Maryland Tax, Georgia Tax-free, New York, T Rowe, and New Jersey. The fund invests so that, under normal market conditions, at least 80 percent of its net assets are invested in bonds th... More

Maryland Short-term 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 Maryland Short-term'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 Maryland Short Term Tax Free upside and downside potential and time the market with a certain degree of confidence.

Maryland Short-term Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Maryland Short-term's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maryland Short-term's standard deviation. In reality, there are many statistical measures that can use Maryland Short-term historical prices to predict the future Maryland Short-term's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Maryland Short-term's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
5.015.135.25
Details
Intrinsic
Valuation
LowRealHigh
5.005.125.24
Details

Maryland Short Term Backtested Returns

At this stage we consider Maryland Mutual Fund to be very steady. Maryland Short Term has Sharpe Ratio of 0.0838, which conveys that the entity had a 0.0838 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Maryland Short-term, which you can use to evaluate the volatility of the fund. Please verify Maryland Short-term's Mean Deviation of 0.0634, downside deviation of 0.2456, and Risk Adjusted Performance of (0.02) to check out if the risk estimate we provide is consistent with the expected return of 0.0097%. The fund secures a Beta (Market Risk) of -0.0134, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Maryland Short-term are expected to decrease at a much lower rate. During the bear market, Maryland Short-term is likely to outperform the market.

Auto-correlation

    
  0.29  

Poor predictability

Maryland Short Term Tax Free has poor predictability. Overlapping area represents the amount of predictability between Maryland Short-term time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Maryland Short Term price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Maryland Short-term price fluctuation can be explain by its past prices.
Correlation Coefficient0.29
Spearman Rank Test0.6
Residual Average0.0
Price Variance0.0

Maryland Short Term lagged returns against current returns

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

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

Maryland Short-term Lagged Returns

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

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Other Information on Investing in Maryland Mutual Fund

Maryland Short-term financial ratios help investors to determine whether Maryland 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 Maryland with respect to the benefits of owning Maryland Short-term security.
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