Deutsche Intermediate Taxamt Fund Market Value
| SCMTX Fund | USD 10.95 0.01 0.09% |
| Symbol | Deutsche |
Deutsche Intermediate '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 Deutsche Intermediate'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 Deutsche Intermediate.
| 01/12/2024 |
| 01/06/2025 |
If you would invest 0.00 in Deutsche Intermediate on January 12, 2024 and sell it all today you would earn a total of 0.00 from holding Deutsche Intermediate Taxamt or generate 0.0% return on investment in Deutsche Intermediate over 360 days. Deutsche Intermediate is related to or competes with Georgia Tax-free, T Rowe, Baird Quality, Pioneer Amt-free, Maryland Tax-free, and Ab Impact. The investment seeks to provide a high level of income exempt from regular federal income taxes and seeks to limit princ... More
Deutsche Intermediate 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 Deutsche Intermediate'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 Deutsche Intermediate Taxamt upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 1.19 | |||
| Value At Risk | (0.27) | |||
| Potential Upside | 0.1837 |
Deutsche Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Intermediate's standard deviation. In reality, there are many statistical measures that can use Deutsche Intermediate historical prices to predict the future Deutsche Intermediate's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 0.6905 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Deutsche Intermediate'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.
Deutsche Intermediate Backtested Returns
Deutsche Intermediate secures Sharpe Ratio (or Efficiency) of -0.0691, which denotes the fund had a -0.0691% return per unit of risk over the last 3 months. Deutsche Intermediate Taxamt exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Deutsche Intermediate's Mean Deviation of 0.1348, standard deviation of 0.2089, and Variance of 0.0436 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0354, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Deutsche Intermediate are expected to decrease at a much lower rate. During the bear market, Deutsche Intermediate is likely to outperform the market.
Auto-correlation | 0.08 |
Virtually no predictability
Deutsche Intermediate Taxamt has virtually no predictability. Overlapping area represents the amount of predictability between Deutsche Intermediate time series from 12th of January 2024 to 10th of July 2024 and 10th of July 2024 to 6th of January 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 Deutsche Intermediate price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Deutsche Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Deutsche Intermediate lagged returns against current returns
Autocorrelation, which is Deutsche Intermediate 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 Deutsche Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Deutsche Intermediate returns to help us make a trade decision. For example, suppose you find that Deutsche Intermediate 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 |
Deutsche Intermediate 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 Deutsche Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Intermediate mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deutsche Intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche Intermediate Lagged Returns
When evaluating Deutsche Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Intermediate mutual fund have on its future price. Deutsche Intermediate 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, Deutsche Intermediate autocorrelation shows the relationship between Deutsche Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Intermediate Taxamt.
Regressed Prices |
| Timeline |
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Other Information on Investing in Deutsche Mutual Fund
Deutsche Intermediate financial ratios help investors to determine whether Deutsche 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 Deutsche with respect to the benefits of owning Deutsche Intermediate security.
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