Tax-exempt Fund Competition

EXCAX Fund

USD 16.82 0.01 0.06%

Tax Exempt Fund competes with Materials Portfolio, Acm Tactical, Qs Growth, Small Cap, and Qs Us; as well as few others. The fund is listed under Muni California Long category and is part of Eaton Vance family. Analyzing Tax-exempt Fund competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Tax-exempt Fund to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Tax-exempt Fund Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Tax-exempt Fund competition on your existing holdings.

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
16.59	16.82	17.05

Details

Intrinsic

Valuation

Low	Real	High
16.00	16.23	18.50

Details

Naive

Forecast

Low	Next	High
16.60	16.83	17.06

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
16.81	16.82	16.83

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tax-exempt Fund. Your research has to be compared to or analyzed against Tax-exempt Fund's peers to derive any actionable benefits. When done correctly, Tax-exempt Fund's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tax Exempt Fund.

Tax-exempt Fund Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Tax-exempt Fund and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Tax-exempt and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Tax Exempt Fund does not affect the price movement of the other competitor.

	FMFTX	TINAX	LANIX	USCAX	LMUSX	VOLMX	CCCCX	EICVX
FMFTX		0.28	0.79	0.53	0.65	0.66	0.44	0.75	FMFTX
TINAX	0.28		0.24	0.2	0.07	0.11	0.15	0.22	TINAX
LANIX	0.79	0.24		0.82	0.94	0.96	0.84	0.91	LANIX
USCAX	0.53	0.2	0.82		0.87	0.82	0.73	0.77	USCAX
LMUSX	0.65	0.07	0.94	0.87		0.95	0.89	0.86	LMUSX
VOLMX	0.66	0.11	0.96	0.82	0.95		0.9	0.88	VOLMX
CCCCX	0.44	0.15	0.84	0.73	0.89	0.9		0.8	CCCCX
EICVX	0.75	0.22	0.91	0.77	0.86	0.88	0.8		EICVX
	FMFTX	TINAX	LANIX	USCAX	LMUSX	VOLMX	CCCCX	EICVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Tax-exempt Mutual Fund performing well and Tax-exempt Fund Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Tax-exempt Fund's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FMFTX	0.78	(0.04)	(0.05)	0.08	0.87	(0.83)	1.90	(1.47)	5.17
TINAX	0.13	(0.01)	(0.51)	0.07	0.06	(0.18)	0.23	(0.23)	0.79
LANIX	0.51	(0.01)	(0.06)	0.10	0.55	(0.55)	1.22	(0.87)	3.14
USCAX	0.94	0.07	(0.03)	0.66	0.94	(1.13)	2.26	(1.70)	7.45
LMUSX	0.63	0.11	(0.01)	10.27	0.75	(0.72)	1.52	(1.49)	4.15
VOLMX	0.60	0.00	(0.01)	0.12	0.57	(0.71)	1.14	(1.35)	4.49
CCCCX	0.66	0.20	0.20	0.48	0.24	(0.82)	1.36	(0.88)	3.85
EICVX	0.48	0.00	(0.10)	0.12	0.37	(0.56)	1.09	(0.71)	2.12

Unable to evaluate fundamental data of [FMFTX, TINAX, LANIX, USCAX, LMUSX, VOLMX, CCCCX, EICVX] at this time. Please try again later

All Fundamental Data

Tax-exempt Fund Competitive Analysis

The better you understand Tax-exempt Fund competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Tax-exempt Fund's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Tax-exempt Fund's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	EXCAX	FMFTX	TINAX	LANIX	USCAX	LMUSX	VOLMX	CCCCX	EICVX
	0.06 16.82 Tax-exempt	0.74 99.76 Materials	0.11 8.96 Acm	0.43 18.67 LANIX	1.71 14.87 Small	0.67 25.56 LMUSX	0.60 26.68 Volumetric	0.56 5.40 Center	1.06 19.09 Eic
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Not too volatile	Very steady
Market Performance (90 Days Performance)	Weak	Insignificant	Modest	OK	Insignificant	OK	Good	Solid	OK
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Hold	Cautious Hold	Strong Hold	Cautious Hold	Strong Buy	Strong Hold	Strong Buy	Hold
Net Asset	24.31 M	1.41 B	43.13 M	758.86 M	970.95 M	737.74 M	36.55 M	878.59 M	231.61 M
Minimum Initial Investment	N/A	N/A	N/A	1000 K	N/A	N/A	500	N/A	N/A
Price To Book	N/A	3.12	N/A	2.0	1.87	2.45	2.53	1.3	1.96
Five Year Return	1.5	10.21	1.15	9.66	9.35	15.4	8.32	12.33	12.64
One Year Return	8.28	11.08	6.68	25.48	22.73	36.98	23.93	45.09	23.34
Last Dividend Paid	N/A	0.02	0.02	N/A	N/A	N/A	N/A	0.02	0.23
Price To Earning	N/A	18.06	N/A	16.55	20.73	16.41	17.28	19.67	16.0
Price To Sales	N/A	1.42	N/A	1.19	0.88	1.42	1.27	1.26	1.3
Cash Position Weight	0.24	1.42	81.04	13.82	1.59	1.85	14.7	1.14	4.45
Equity Positions Weight	N/A	98.58	3.65	76.2	98.41	98.15	85.3	98.86	95.56
Three Year Return	0.12	1.15	-0.97	6.17	-0.37	9.36	4.31	21.67	9.64
Annual Yield	0.0028	0.0088	0.041	0.0116	0.0017	0.0041	N/A	0.0699	0.0317
Year To Date Return	3.0	5.4	4.43	18.3	9.58	28.7	16.87	41.65	14.64
Bond Positions Weight	1.0	N/A	0.02	8.05	N/A	N/A	N/A	N/A	N/A
Ten Year Return	4.58	5.3	N/A	7.79	8.66	11.4	7.57	N/A	N/A
Day Typical Price	16.82	99.76	8.96	18.67	14.87	25.56	26.68	5.4	19.09
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Period Momentum Indicator	0.01	0.73	0.01	0.08	0.25	0.17	0.16	0.03	0.2
Rate Of Daily Change	1.0	1.01	1.0	1.0	1.02	1.01	1.01	1.01	1.01
Day Median Price	16.82	99.76	8.96	18.67	14.87	25.56	26.68	5.4	19.09
Price Action Indicator	0.005	0.37	0.005	0.04	0.13	0.085	0.08	0.015	0.1
Relative Strength Index	44.3	11.52	35.29	18.69	23.28	30.33	40.52	43.45	20.19
Coefficient Of Variation	2431.74	1165.81	968.84	809.56	1323.37	698.64	647.19	302.88	744.39
Mean Deviation	0.1348	0.7753	0.126	0.5144	0.9415	0.6312	0.6042	0.657	0.4795
Jensen Alpha	0.0113	(0.04)	(0.01)	(0.01)	0.0744	0.1127	0.0023	0.1992	(0.0009)
Total Risk Alpha	(0.04)	(0.08)	(0.02)	(0.03)	(0.12)	(0.02)	(0.01)	0.1347	(0.02)
Sortino Ratio	(0.36)	(0.05)	(0.51)	(0.06)	(0.03)	(0.01)	(0.01)	0.2036	(0.10)
Downside Variance	0.1157	0.9356	0.0494	0.5285	1.21	0.79	0.5821	0.5137	0.2625
Standard Deviation	0.2258	0.9954	0.1661	0.6874	1.34	0.8664	0.8093	0.838	0.5886
Kurtosis	7.35	1.27	0.1866	1.01	4.85	1.65	2.52	1.26	(0.77)
Potential Upside	0.2994	1.9	0.2255	1.22	2.26	1.52	1.14	1.36	1.09
Treynor Ratio	0.0071	0.0774	0.0684	0.1008	0.6552	10.27	0.1232	0.4773	0.1192
Maximum Drawdown	1.37	5.17	0.7865	3.14	7.45	4.15	4.49	3.85	2.12
Variance	0.051	0.9908	0.0276	0.4725	1.79	0.7506	0.6549	0.7023	0.3465
Market Risk Adjusted Performance	0.0171	0.0874	0.0784	0.1108	0.6652	10.28	0.1332	0.4873	0.1292
Risk Adjusted Performance	0.0076	0.0681	0.043	0.0936	0.0622	0.1109	0.119	0.2541	0.1
Skewness	(1.69)	(0.14)	(0.35)	(0.17)	1.29	(0.29)	0.3202	0.4321	0.3508
Semi Deviation	0.2162	0.8733	0.0628	0.5492	0.94	0.7484	0.5669	0.2411	0.3693
Information Ratio	(0.54)	(0.05)	(0.68)	(0.07)	(0.02)	(0.01)	(0.01)	0.1741	(0.09)
Value At Risk	(0.30)	(1.47)	(0.23)	(0.87)	(1.70)	(1.49)	(1.35)	(0.88)	(0.71)
Expected Short fall	(0.17)	(0.83)	(0.18)	(0.55)	(1.13)	(0.72)	(0.71)	(0.82)	(0.56)
Downside Deviation	0.3401	0.9673	0.2222	0.727	1.1	0.8888	0.763	0.7167	0.5123
Semi Variance	0.0467	0.7626	0.0039	0.3016	0.8835	0.5601	0.3214	0.0581	0.1364

Tax-exempt Fund Competition Performance Charts

Five steps to successful analysis of Tax-exempt Fund Competition

Tax-exempt Fund's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Tax Exempt Fund in relation to its competition. Tax-exempt Fund's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Tax-exempt Fund in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Tax-exempt Fund's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Tax Exempt Fund, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Tax-exempt Fund position

In addition to having Tax-exempt Fund in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Moderate Funds Thematic Idea Now

Moderate Funds

Funds or Etfs that combine stocks, bonds and money market instruments to get modest capital appreciation over time. The Moderate Funds theme has 43 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Moderate Funds Theme or any other thematic opportunities.

View All Next

Launch

Other Information on Investing in Tax-exempt Mutual Fund

Tax-exempt Fund financial ratios help investors to determine whether Tax-exempt Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tax-exempt with respect to the benefits of owning Tax-exempt Fund security.

	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
	Bonds Directory Find actively traded corporate debentures issued by US companies
	Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Tax-exempt Fund Competition

Specify up to 10 symbols:

Tax-exempt Fund Competition Correlation Matrix

Risk-Adjusted Indicators

Tax-exempt Fund Competitive Analysis

Tax-exempt Fund Competition Performance Charts

Five steps to successful analysis of Tax-exempt Fund Competition

Complement your Tax-exempt Fund position

Did You Try This Idea?

Run Moderate Funds Thematic Idea Now

Moderate Funds

Other Information on Investing in Tax-exempt Mutual Fund

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY