Viking Tax Free Fund Alpha and Beta Analysis

VNDIX Fund  USD 9.03  0.01  0.11%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Viking Tax Free Fund. It also helps investors analyze the systematic and unsystematic risks associated with investing in Viking Tax-free over a specified time horizon. Remember, high Viking Tax-free's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Viking Tax-free's market risk premium analysis include:
Beta
(0.11)
Alpha
0.0114
Risk
0.28
Sharpe Ratio
0.0264
Expected Return
0.0073
Please note that although Viking Tax-free alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Viking Tax-free did 0.01  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Viking Tax Free Fund fund's relative risk over its benchmark. Viking Tax Free has a beta of 0.11  . As returns on the market increase, returns on owning Viking Tax-free are expected to decrease at a much lower rate. During the bear market, Viking Tax-free is likely to outperform the market. .
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Viking Tax-free Backtesting, Portfolio Optimization, Viking Tax-free Correlation, Viking Tax-free Hype Analysis, Viking Tax-free Volatility, Viking Tax-free History and analyze Viking Tax-free Performance.

Viking Tax-free Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Viking Tax-free market risk premium is the additional return an investor will receive from holding Viking Tax-free long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Viking Tax-free. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Viking Tax-free's performance over market.
α0.01   β-0.11

Viking Tax-free expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Viking Tax-free's Buy-and-hold return. Our buy-and-hold chart shows how Viking Tax-free performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Viking Tax-free Market Price Analysis

Market price analysis indicators help investors to evaluate how Viking Tax-free mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Viking Tax-free shares will generate the highest return on investment. By understating and applying Viking Tax-free mutual fund market price indicators, traders can identify Viking Tax-free position entry and exit signals to maximize returns.

Viking Tax-free Return and Market Media

The median price of Viking Tax-free for the period between Thu, Sep 5, 2024 and Wed, Dec 4, 2024 is 8.97 with a coefficient of variation of 0.75. The daily time series for the period is distributed with a sample standard deviation of 0.07, arithmetic mean of 8.95, and mean deviation of 0.06. The Fund did not receive any noticable media coverage during the period.
 Price Growth (%)  
       Timeline  

About Viking Tax-free Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Viking or other funds. Alpha measures the amount that position in Viking Tax Free has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Viking Tax-free in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Viking Tax-free's short interest history, or implied volatility extrapolated from Viking Tax-free options trading.

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Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

Other Information on Investing in Viking Mutual Fund

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