Tax Exempt High Yield Fund Market Value

RHYTX Fund  USD 9.91  0.01  0.10%   
Tax-exempt High's market value is the price at which a share of Tax-exempt High trades on a public exchange. It measures the collective expectations of Tax Exempt High Yield investors about its performance. Tax-exempt High is trading at 9.91 as of the 11th of March 2025; that is 0.10 percent up since the beginning of the trading day. The fund's open price was 9.9.
With this module, you can estimate the performance of a buy and hold strategy of Tax Exempt High Yield and determine expected loss or profit from investing in Tax-exempt High over a given investment horizon. Check out Tax-exempt High Correlation, Tax-exempt High Volatility and Tax-exempt High Alpha and Beta module to complement your research on Tax-exempt High.
Symbol

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

Tax-exempt High '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 Tax-exempt High'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 Tax-exempt High.
0.00
01/10/2025
No Change 0.00  0.0 
In 2 months and 1 day
03/11/2025
0.00
If you would invest  0.00  in Tax-exempt High on January 10, 2025 and sell it all today you would earn a total of 0.00 from holding Tax Exempt High Yield or generate 0.0% return on investment in Tax-exempt High over 60 days. Tax-exempt High is related to or competes with T Rowe, Ab Bond, Ab Bond, The Hartford, and Simt Multi-asset. The fund invests at least 80 percent of the value of its net assets plus borrowings for investment purposes in fixed inc... More

Tax-exempt High 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 Tax-exempt High'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 Tax Exempt High Yield upside and downside potential and time the market with a certain degree of confidence.

Tax-exempt High Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tax-exempt High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tax-exempt High's standard deviation. In reality, there are many statistical measures that can use Tax-exempt High historical prices to predict the future Tax-exempt High's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tax-exempt High'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
9.609.9010.20
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Intrinsic
Valuation
LowRealHigh
9.599.8910.19
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Tax Exempt High Backtested Returns

Tax Exempt High owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0551, which indicates the fund had a -0.0551 % return per unit of risk over the last 3 months. Tax Exempt High Yield exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tax-exempt High's Coefficient Of Variation of (1,749), variance of 0.0817, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.0726, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tax-exempt High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tax-exempt High is expected to be smaller as well.

Auto-correlation

    
  0.47  

Average predictability

Tax Exempt High Yield has average predictability. Overlapping area represents the amount of predictability between Tax-exempt High time series from 10th of January 2025 to 9th of February 2025 and 9th of February 2025 to 11th 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 Tax Exempt High price movement. The serial correlation of 0.47 indicates that about 47.0% of current Tax-exempt High price fluctuation can be explain by its past prices.
Correlation Coefficient0.47
Spearman Rank Test0.44
Residual Average0.0
Price Variance0.0

Tax Exempt High lagged returns against current returns

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

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

Tax-exempt High Lagged Returns

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

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Other Information on Investing in Tax-exempt Mutual Fund

Tax-exempt High financial ratios help investors to determine whether Tax-exempt 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 Tax-exempt with respect to the benefits of owning Tax-exempt High security.
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