Georgia Tax Free Bond Fund Market Value
| TBGAX Fund | USD 10.88 0.01 0.09% |
| Symbol | Georgia |
Georgia Tax-free '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 Georgia Tax-free'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 Georgia Tax-free.
| 07/06/2024 |
| 01/02/2025 |
If you would invest 0.00 in Georgia Tax-free on July 6, 2024 and sell it all today you would earn a total of 0.00 from holding Georgia Tax Free Bond or generate 0.0% return on investment in Georgia Tax-free over 180 days. Georgia Tax-free is related to or competes with Blrc Sgy, Touchstone Premium, Calamos Dynamic, Multisector Bond, Ms Global, Ambrus Core, and Versatile Bond. The fund invests so that, under normal market conditions, at least 80 percent of its net assets are invested in bonds th... More
Georgia Tax-free 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 Georgia Tax-free'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 Georgia Tax Free Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 1.74 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.3683 |
Georgia Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Georgia Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Georgia Tax-free's standard deviation. In reality, there are many statistical measures that can use Georgia Tax-free historical prices to predict the future Georgia Tax-free's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.76) |
Georgia Tax Free Backtested Returns
Georgia Tax Free holds Efficiency (Sharpe) Ratio of -0.0797, which attests that the entity had a -0.0797% return per unit of risk over the last 3 months. Georgia Tax Free exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Georgia Tax-free's Standard Deviation of 0.3055, market risk adjusted performance of (0.75), and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0454, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Georgia Tax-free's returns are expected to increase less than the market. However, during the bear market, the loss of holding Georgia Tax-free is expected to be smaller as well.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Georgia Tax Free Bond has insignificant reverse predictability. Overlapping area represents the amount of predictability between Georgia Tax-free time series from 6th of July 2024 to 4th of October 2024 and 4th of October 2024 to 2nd 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 Georgia Tax Free price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Georgia Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Georgia Tax Free lagged returns against current returns
Autocorrelation, which is Georgia Tax-free 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 Georgia Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Georgia Tax-free returns to help us make a trade decision. For example, suppose you find that Georgia Tax-free 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 |
Georgia Tax-free 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 Georgia Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Georgia Tax-free mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Georgia Tax-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Georgia Tax-free Lagged Returns
When evaluating Georgia Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Georgia Tax-free mutual fund have on its future price. Georgia Tax-free 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, Georgia Tax-free autocorrelation shows the relationship between Georgia Tax-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Georgia Tax Free Bond.
Regressed Prices |
| Timeline |
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Other Information on Investing in Georgia Mutual Fund
Georgia Tax-free financial ratios help investors to determine whether Georgia 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 Georgia with respect to the benefits of owning Georgia Tax-free security.
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