Tax Free Conservative Income Fund Market Value
| TFCAX Fund | USD 10.00 0.00 0.00% |
| Symbol | Tax |
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 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 Tax Free.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tax Free on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Tax Free Conservative Income or generate 0.0% return on investment in Tax Free over 180 days. Tax Free is related to or competes with Calvert Conservative, Oppenheimer International, Huber Capital, Aqr Diversified, Fidelity Advisor, and Jhancock Diversified. Under normal circumstances, the fund will invest at least 80 percent of its net assets in U.S More
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 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 Tax Free Conservative Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.95) | |||
| Maximum Drawdown | 0.4023 |
Tax Free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tax Free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tax Free's standard deviation. In reality, there are many statistical measures that can use Tax Free historical prices to predict the future Tax Free's volatility.| Risk Adjusted Performance | 0.0186 | |||
| Jensen Alpha | 9.0E-4 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.29) |
Tax Free Conservative Backtested Returns
At this stage we consider Tax Mutual Fund to be very steady. Tax Free Conservative 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. We have found seventeen technical indicators for Tax Free Conservative Income, which you can use to evaluate the volatility of the fund. Please validate Tax Free's Coefficient Of Variation of 551.48, risk adjusted performance of 0.0186, and Variance of 0.0035 to confirm if the risk estimate we provide is consistent with the expected return of 0.0064%. The entity has a beta of -0.0023, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tax Free are expected to decrease at a much lower rate. During the bear market, Tax Free is likely to outperform the market.
Auto-correlation | 0.92 |
Excellent predictability
Tax Free Conservative Income has excellent predictability. Overlapping area represents the amount of predictability between Tax Free time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 Free Conservative price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Tax Free price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tax Free Conservative lagged returns against current returns
Autocorrelation, which is 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 Tax Free's mutual fund expected returns. We can calculate the autocorrelation of Tax Free returns to help us make a trade decision. For example, suppose you find that 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 |
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 Tax Free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 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 Tax Free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tax Free Lagged Returns
When evaluating Tax Free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tax Free mutual fund have on its future price. 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, Tax Free autocorrelation shows the relationship between Tax Free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tax Free Conservative Income.
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 Tax Mutual Fund
Tax Free 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 Free security.
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