Bbh Intermediate Municipal Fund Market Value
BBINX Fund | USD 10.23 0.01 0.1% |
Symbol | Bbh |
Bbh Intermediate '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 Bbh Intermediate'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 Bbh Intermediate.
03/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in Bbh Intermediate on March 18, 2024 and sell it all today you would earn a total of 0.00 from holding Bbh Intermediate Municipal or generate 0.0% return on investment in Bbh Intermediate over 30 days. Bbh Intermediate is related to or competes with High-yield Municipal, and T Rowe. Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in municipal bonds that pay interest that is generally excludable from gross income for federal income tax purposes. More
Bbh Intermediate 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 Bbh Intermediate'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 Bbh Intermediate Municipal upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.40) | |||
Maximum Drawdown | 0.878 | |||
Value At Risk | (0.20) | |||
Potential Upside | 0.2918 |
Bbh Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bbh Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bbh Intermediate's standard deviation. In reality, there are many statistical measures that can use Bbh Intermediate historical prices to predict the future Bbh Intermediate's volatility.Risk Adjusted Performance | (0.05) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.03) | |||
Treynor Ratio | 2.22 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bbh Intermediate'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.
Bbh Intermediate Mun Backtested Returns
We consider Bbh Intermediate very steady. Bbh Intermediate Mun secures Sharpe Ratio (or Efficiency) of 0.0212, which signifies that the fund had a 0.0212% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Bbh Intermediate Municipal, which you can use to evaluate the volatility of the entity. Please confirm Bbh Intermediate's Standard Deviation of 0.1547, mean deviation of 0.1081, and Risk Adjusted Performance of (0.05) to double-check if the risk estimate we provide is consistent with the expected return of 0.0032%. The fund shows a Beta (market volatility) of -0.0071, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bbh Intermediate are expected to decrease at a much lower rate. During the bear market, Bbh Intermediate is likely to outperform the market.
Auto-correlation | 0.61 |
Good predictability
Bbh Intermediate Municipal has good predictability. Overlapping area represents the amount of predictability between Bbh Intermediate time series from 18th of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th 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 Bbh Intermediate Mun price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Bbh Intermediate price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.61 | |
Spearman Rank Test | 0.12 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Bbh Intermediate Mun lagged returns against current returns
Autocorrelation, which is Bbh Intermediate 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 Bbh Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Bbh Intermediate returns to help us make a trade decision. For example, suppose you find that Bbh Intermediate 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 |
Bbh Intermediate 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 Bbh Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bbh Intermediate mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bbh Intermediate mutual fund over time.
Current vs Lagged Prices |
Timeline |
Bbh Intermediate Lagged Returns
When evaluating Bbh Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bbh Intermediate mutual fund have on its future price. Bbh Intermediate 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, Bbh Intermediate autocorrelation shows the relationship between Bbh Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Bbh Intermediate Municipal.
Regressed Prices |
Timeline |
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 Bbh Intermediate 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, Bbh Intermediate's short interest history, or implied volatility extrapolated from Bbh Intermediate options trading.
Pair Trading with Bbh Intermediate
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bbh Intermediate position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bbh Intermediate will appreciate offsetting losses from the drop in the long position's value.Moving together with Bbh Mutual Fund
0.84 | VWITX | Vanguard Intermediate | PairCorr |
0.84 | VWIUX | Vanguard Intermediate-ter | PairCorr |
0.95 | AFTEX | Tax Exempt Bond | PairCorr |
0.93 | AFTFX | Tax Exempt Bond | PairCorr |
Moving against Bbh Mutual Fund
0.43 | PFHCX | Pacific Funds Small | PairCorr |
The ability to find closely correlated positions to Bbh Intermediate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bbh Intermediate when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bbh Intermediate - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bbh Intermediate Municipal to buy it.
The correlation of Bbh Intermediate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bbh Intermediate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bbh Intermediate Mun moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bbh Intermediate can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bbh Intermediate Correlation, Bbh Intermediate Volatility and Bbh Intermediate Alpha and Beta module to complement your research on Bbh Intermediate. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Bbh Intermediate 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.