Virginia Tax Free Bond Fund Market Value
| TFBVX Fund | USD 11.03 0.02 0.18% |
| Symbol | Virginia |
Virginia 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 Virginia 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 Virginia Tax-free.
| 05/04/2024 |
| 06/03/2024 |
If you would invest 0.00 in Virginia Tax-free on May 4, 2024 and sell it all today you would earn a total of 0.00 from holding Virginia Tax Free Bond or generate 0.0% return on investment in Virginia Tax-free over 30 days. Virginia Tax-free is related to or competes with T Rowe, T Rowe, T Rowe, T Rowe, T Rowe, T Rowe, and T Rowe. The fund will invest so that, under normal market conditions, at least 80 percent of its net assets are invested in bond... More
Virginia 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 Virginia 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 Virginia Tax Free Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 0.9853 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.3591 |
Virginia Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virginia Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virginia Tax-free's standard deviation. In reality, there are many statistical measures that can use Virginia Tax-free historical prices to predict the future Virginia Tax-free's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Virginia Tax-free'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.
Virginia Tax Free Backtested Returns
Virginia Tax Free owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the fund had a -0.11% return per unit of risk over the last 3 months. Virginia Tax Free Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virginia Tax-free's Variance of 0.0392, risk adjusted performance of (0.08), and Coefficient Of Variation of (1,127) to confirm the risk estimate we provide. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Virginia Tax-free's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virginia Tax-free is expected to be smaller as well.
Auto-correlation | -0.56 |
Good reverse predictability
Virginia Tax Free Bond has good reverse predictability. Overlapping area represents the amount of predictability between Virginia Tax-free time series from 4th of May 2024 to 19th of May 2024 and 19th of May 2024 to 3rd of June 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 Virginia Tax Free price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Virginia Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Virginia Tax Free lagged returns against current returns
Autocorrelation, which is Virginia 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 Virginia Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Virginia Tax-free returns to help us make a trade decision. For example, suppose you find that Virginia 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 |
Virginia 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 Virginia Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virginia 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 Virginia Tax-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virginia Tax-free Lagged Returns
When evaluating Virginia Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virginia Tax-free mutual fund have on its future price. Virginia 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, Virginia Tax-free autocorrelation shows the relationship between Virginia Tax-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virginia Tax Free Bond.
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.Check out Virginia Tax-free Correlation, Virginia Tax-free Volatility and Virginia Tax-free Alpha and Beta module to complement your research on Virginia Tax-free. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Virginia Tax-free technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.