Hawaiian Tax Free Trust Fund Alpha and Beta Analysis
| HULAX Fund | USD 10.43 0.02 0.19% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Hawaiian Tax Free Trust. It also helps investors analyze the systematic and unsystematic risks associated with investing in Hawaiian Tax over a specified time horizon. Remember, high Hawaiian Tax'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 Hawaiian Tax's market risk premium analysis include:
Beta 0.029 | Alpha (0.02) | Risk 0.12 | Sharpe Ratio (0.08) | Expected Return (0.01) |
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.
Hawaiian |
Hawaiian Tax Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Hawaiian Tax market risk premium is the additional return an investor will receive from holding Hawaiian Tax 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 Hawaiian Tax. 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 Hawaiian Tax's performance over market.| α | -0.02 | β | 0.03 |
Hawaiian Tax 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 Hawaiian Tax's Buy-and-hold return. Our buy-and-hold chart shows how Hawaiian Tax performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Hawaiian Tax Market Price Analysis
Market price analysis indicators help investors to evaluate how Hawaiian Tax 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 Hawaiian Tax shares will generate the highest return on investment. By understating and applying Hawaiian Tax mutual fund market price indicators, traders can identify Hawaiian Tax position entry and exit signals to maximize returns.
Hawaiian Tax Return and Market Media
The median price of Hawaiian Tax for the period between Fri, Feb 23, 2024 and Thu, May 23, 2024 is 10.47 with a coefficient of variation of 0.45. The daily time series for the period is distributed with a sample standard deviation of 0.05, arithmetic mean of 10.46, and mean deviation of 0.04. The Fund received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Toyota Plans to Mass Produce Battery Hilux Pickup Truck by 2025, Official Says - U.S News World Report Money | 03/26/2024 |
2 | Watch SA shows love to trio travelling from London to Cape Town after vehicle snaps in half - LNN - Network News - The Citizen | 05/21/2024 |
About Hawaiian Tax 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 Hawaiian or other funds. Alpha measures the amount that position in Hawaiian 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 Hawaiian Tax 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, Hawaiian Tax's short interest history, or implied volatility extrapolated from Hawaiian Tax options trading.
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Align your risk with return expectations
Check out Hawaiian Tax Backtesting, Portfolio Optimization, Hawaiian Tax Correlation, Hawaiian Tax Hype Analysis, Hawaiian Tax Volatility, Hawaiian Tax History and analyze Hawaiian Tax Performance. Note that the Hawaiian Tax Free information on this page should be used as a complementary analysis to other Hawaiian Tax's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Hawaiian Tax 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.