Aim Taxexempt Funds Fund Market Value
| IORJX Fund | USD 8.86 0.03 0.34% |
| Symbol | Aim |
Aim Taxexempt '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 Aim Taxexempt'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 Aim Taxexempt.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Aim Taxexempt on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Aim Taxexempt Funds or generate 0.0% return on investment in Aim Taxexempt over 30 days. Aim Taxexempt is related to or competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Oppenheimer Strategic, and Oppenheimer International. Under normal market conditions, and as a fundamental policy, the fund invests at least 80 percent of its net assets in s... More
Aim Taxexempt 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 Aim Taxexempt'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 Aim Taxexempt Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.01 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.2275 |
Aim Taxexempt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aim Taxexempt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aim Taxexempt's standard deviation. In reality, there are many statistical measures that can use Aim Taxexempt historical prices to predict the future Aim Taxexempt's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aim Taxexempt'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.
Aim Taxexempt Funds Backtested Returns
We consider Aim Taxexempt very steady. Aim Taxexempt Funds secures Sharpe Ratio (or Efficiency) of 0.0125, which signifies that the fund had a 0.0125% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Aim Taxexempt Funds, which you can use to evaluate the volatility of the entity. Please confirm Aim Taxexempt's Risk Adjusted Performance of (0.04), standard deviation of 0.1746, and Mean Deviation of 0.1176 to double-check if the risk estimate we provide is consistent with the expected return of 0.0019%. The fund shows a Beta (market volatility) of 0.0881, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aim Taxexempt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aim Taxexempt is expected to be smaller as well.
Auto-correlation | -0.65 |
Very good reverse predictability
Aim Taxexempt Funds has very good reverse predictability. Overlapping area represents the amount of predictability between Aim Taxexempt time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 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 Aim Taxexempt Funds price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Aim Taxexempt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aim Taxexempt Funds lagged returns against current returns
Autocorrelation, which is Aim Taxexempt 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 Aim Taxexempt's mutual fund expected returns. We can calculate the autocorrelation of Aim Taxexempt returns to help us make a trade decision. For example, suppose you find that Aim Taxexempt 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 |
Aim Taxexempt 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 Aim Taxexempt mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aim Taxexempt mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aim Taxexempt mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Aim Taxexempt Lagged Returns
When evaluating Aim Taxexempt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aim Taxexempt mutual fund have on its future price. Aim Taxexempt 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, Aim Taxexempt autocorrelation shows the relationship between Aim Taxexempt mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aim Taxexempt Funds.
Regressed Prices |
| Timeline |
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Aim Taxexempt 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.