Tax Exempt Bond Fund Market Value

RTEAX Fund  USD 21.79  0.01  0.05%   
Tax Exempt's market value is the price at which a share of Tax Exempt trades on a public exchange. It measures the collective expectations of Tax Exempt Bond Fund investors about its performance. Tax Exempt is trading at 21.79 as of the 24th of December 2024; that is 0.05% down since the beginning of the trading day. The fund's open price was 21.8.
With this module, you can estimate the performance of a buy and hold strategy of Tax Exempt Bond Fund and determine expected loss or profit from investing in Tax Exempt over a given investment horizon. Check out Tax Exempt Correlation, Tax Exempt Volatility and Tax Exempt Alpha and Beta module to complement your research on Tax Exempt.
Symbol

Please note, there is a significant difference between Tax Exempt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tax Exempt 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'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 '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'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.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in Tax Exempt on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Tax Exempt Bond Fund or generate 0.0% return on investment in Tax Exempt over 30 days. Tax Exempt is related to or competes with Ab Bond, Schwab Treasury, Guggenheim Managed, Fidelity Sai, Guidepath Managed, and Short Duration. The fund has a fundamental policy to invest, under normal circumstances, at least 80 percent of the value of its net ass... More

Tax Exempt 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'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 Bond Fund upside and downside potential and time the market with a certain degree of confidence.

Tax Exempt Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tax Exempt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tax Exempt's standard deviation. In reality, there are many statistical measures that can use Tax Exempt historical prices to predict the future Tax Exempt's volatility.
Hype
Prediction
LowEstimatedHigh
21.5821.8022.02
Details
Intrinsic
Valuation
LowRealHigh
21.5321.7521.97
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tax Exempt. Your research has to be compared to or analyzed against Tax Exempt's peers to derive any actionable benefits. When done correctly, Tax Exempt's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tax Exempt Bond.

Tax Exempt Bond Backtested Returns

Tax Exempt Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the fund had a -0.13% return per unit of risk over the last 3 months. Tax Exempt Bond Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tax Exempt's Variance of 0.0469, coefficient of variation of (773.77), and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide. The entity has a beta of 0.0346, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tax Exempt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tax Exempt is expected to be smaller as well.

Auto-correlation

    
  -0.68  

Very good reverse predictability

Tax Exempt Bond Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Tax Exempt time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Tax Exempt Bond price movement. The serial correlation of -0.68 indicates that around 68.0% of current Tax Exempt price fluctuation can be explain by its past prices.
Correlation Coefficient-0.68
Spearman Rank Test-0.79
Residual Average0.0
Price Variance0.03

Tax Exempt Bond lagged returns against current returns

Autocorrelation, which is Tax Exempt 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's mutual fund expected returns. We can calculate the autocorrelation of Tax Exempt returns to help us make a trade decision. For example, suppose you find that Tax Exempt 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tax Exempt 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 mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Tax Exempt Lagged Returns

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

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Other Information on Investing in Tax Mutual Fund

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