Hawaiian Tax Free Trust Fund Market Value
| HULAX Fund | USD 10.41 0.01 0.1% |
| Symbol | Hawaiian |
Hawaiian Tax '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 Hawaiian Tax'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 Hawaiian Tax.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Hawaiian Tax on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Hawaiian Tax Free Trust or generate 0.0% return on investment in Hawaiian Tax over 30 days. Hawaiian Tax is related to or competes with Aquila Three, Aquila Three, Aquila Three, and Aquila Three. Under normal circumstances, at least 80 percent of the funds assets will be invested in municipal obligations that pay i... More
Hawaiian Tax 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 Hawaiian Tax'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 Hawaiian Tax Free Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.58) | |||
| Maximum Drawdown | 0.8571 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.1907 |
Hawaiian Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hawaiian Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hawaiian Tax's standard deviation. In reality, there are many statistical measures that can use Hawaiian Tax historical prices to predict the future Hawaiian Tax's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hawaiian Tax'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.
Hawaiian Tax Free Backtested Returns
Hawaiian Tax Free holds Efficiency (Sharpe) Ratio of -0.0619, which attests that the entity had a -0.0619% return per unit of risk over the last 3 months. Hawaiian Tax Free exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hawaiian Tax's Standard Deviation of 0.1495, market risk adjusted performance of (0.47), and Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0592, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hawaiian Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hawaiian Tax is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
Hawaiian Tax Free Trust has good predictability. Overlapping area represents the amount of predictability between Hawaiian Tax time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Hawaiian Tax Free price movement. The serial correlation of 0.77 indicates that around 77.0% of current Hawaiian Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hawaiian Tax Free lagged returns against current returns
Autocorrelation, which is Hawaiian Tax 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 Hawaiian Tax's mutual fund expected returns. We can calculate the autocorrelation of Hawaiian Tax returns to help us make a trade decision. For example, suppose you find that Hawaiian Tax 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 |
Hawaiian Tax 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 Hawaiian Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hawaiian Tax mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hawaiian Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hawaiian Tax Lagged Returns
When evaluating Hawaiian Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hawaiian Tax mutual fund have on its future price. Hawaiian Tax 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, Hawaiian Tax autocorrelation shows the relationship between Hawaiian Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hawaiian Tax Free Trust.
Regressed Prices |
| Timeline |
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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.