Maryland Short Term Tax Free Fund Market Value
| PRMDX Fund | USD 5.13 0.01 0.19% |
| Symbol | Maryland |
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.
| 12/16/2024 |
| 03/16/2025 |
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.
| Downside Deviation | 0.2456 | |||
| Information Ratio | 0.9222 | |||
| Maximum Drawdown | 0.3937 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.1965 |
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.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.0102 | |||
| Sortino Ratio | 0.4276 | |||
| Treynor Ratio | 0.2998 |
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.
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 Coefficient | 0.29 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
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 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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