Municipal Bond Fund Market Value

TMUUX Fund  USD 8.53  0.02  0.24%   
Municipal Bond's market value is the price at which a share of Municipal Bond trades on a public exchange. It measures the collective expectations of Municipal Bond Fund investors about its performance. Municipal Bond is trading at 8.53 as of the 24th of December 2024; that is 0.24 percent increase since the beginning of the trading day. The fund's open price was 8.51.
With this module, you can estimate the performance of a buy and hold strategy of Municipal Bond Fund and determine expected loss or profit from investing in Municipal Bond over a given investment horizon. Check out Municipal Bond Correlation, Municipal Bond Volatility and Municipal Bond Alpha and Beta module to complement your research on Municipal Bond.
Symbol

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

Municipal Bond '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 Municipal Bond'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 Municipal Bond.
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 Municipal Bond on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Municipal Bond Fund or generate 0.0% return on investment in Municipal Bond over 30 days. Municipal Bond is related to or competes with Emerging Markets, Global Fixed, Global Fixed, Global Fixed, Global E, Global E, and Global Centrated. The fund will invest, under normal market conditions, at least 80 percent of its net assets in tax exempt general obliga... More

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

Municipal Bond Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Municipal Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Municipal Bond's standard deviation. In reality, there are many statistical measures that can use Municipal Bond historical prices to predict the future Municipal Bond's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Municipal Bond'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
8.268.538.80
Details
Intrinsic
Valuation
LowRealHigh
8.278.548.81
Details

Municipal Bond Backtested Returns

Municipal Bond has Sharpe Ratio of -0.0739, which conveys that the entity had a -0.0739% return per unit of risk over the last 3 months. Municipal Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Municipal Bond's Mean Deviation of 0.1721, standard deviation of 0.2639, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0404, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Municipal Bond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Municipal Bond is expected to be smaller as well.

Auto-correlation

    
  -0.88  

Excellent reverse predictability

Municipal Bond Fund has excellent reverse predictability. Overlapping area represents the amount of predictability between Municipal Bond 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 Municipal Bond price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Municipal Bond price fluctuation can be explain by its past prices.
Correlation Coefficient-0.88
Spearman Rank Test-0.94
Residual Average0.0
Price Variance0.0

Municipal Bond lagged returns against current returns

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

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

Municipal Bond Lagged Returns

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

Municipal Bond financial ratios help investors to determine whether Municipal 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 Municipal with respect to the benefits of owning Municipal Bond security.
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.