Tax-exempt Bond Competition

RTEAX Fund

USD 22.11 0.01 0.05%

Tax Exempt Bond competes with Enhanced, Tax-managed, Nuveen Winslow, Aqr Large, and Morningstar Unconstrained; as well as few others. The fund is listed under Muni National Interm category and is part of Russell family. Analyzing Tax-exempt Bond 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 Bond to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Tax-exempt Bond 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 Bond competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
21.93	22.11	22.29

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Intrinsic

Valuation

Low	Real	High
21.92	22.10	22.28

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Naive

Forecast

Low	Next	High
21.97	22.15	22.32

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Bollinger

Band Projection (param)

Lower	Middle Band	Upper
21.89	22.07	22.25

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tax-exempt Bond. Your research has to be compared to or analyzed against Tax-exempt Bond's peers to derive any actionable benefits. When done correctly, Tax-exempt Bond'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 Bond.

Tax-exempt Bond Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Tax-exempt Bond 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 Bond does not affect the price movement of the other competitor.

	DFELX	RTLCX	NWCAX	AMONX	MSTSX	QCERX	JAAIX	GMCQX
DFELX		0.94	0.98	0.99	0.72	0.99	0.78	0.93	DFELX
RTLCX	0.94		0.92	0.94	0.74	0.94	0.81	0.99	RTLCX
NWCAX	0.98	0.92		0.99	0.64	0.97	0.72	0.91	NWCAX
AMONX	0.99	0.94	0.99		0.69	0.99	0.74	0.94	AMONX
MSTSX	0.72	0.74	0.64	0.69		0.7	0.86	0.76	MSTSX
QCERX	0.99	0.94	0.97	0.99	0.7		0.74	0.94	QCERX
JAAIX	0.78	0.81	0.72	0.74	0.86	0.74		0.79	JAAIX
GMCQX	0.93	0.99	0.91	0.94	0.76	0.94	0.79		GMCQX
	DFELX	RTLCX	NWCAX	AMONX	MSTSX	QCERX	JAAIX	GMCQX

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Risk-Adjusted Indicators

There is a big difference between TAX-EXEMPT Mutual Fund performing well and Tax-exempt Bond 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 Bond'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
DFELX	0.58	0.00	(0.02)	0.09	0.71	(0.62)	1.18	(1.36)	3.90
RTLCX	0.54	0.07	(0.04)	(1.26)	0.68	(0.57)	1.14	(1.47)	4.06
NWCAX	0.81	(0.02)	(0.01)	0.08	1.23	(0.76)	1.80	(2.37)	5.27
AMONX	0.72	0.02	0.03	0.12	0.88	(0.77)	1.63	(1.30)	4.55
MSTSX	0.49	0.04	(0.11)	(0.30)	0.52	(0.59)	1.21	(1.02)	2.80
QCERX	0.64	(0.01)	(0.01)	0.09	0.73	(0.70)	1.52	(1.22)	4.31
JAAIX	0.15	0.01	(0.41)	(1.27)	0.10	(0.19)	0.37	(0.31)	0.88
GMCQX	0.60	0.08	(0.03)	(1.07)	0.72	(0.63)	1.42	(1.43)	4.57

Unable to evaluate fundamental data of [DFELX, RTLCX, NWCAX, AMONX, MSTSX, QCERX, JAAIX, GMCQX] at this time. Please try again later

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Tax-exempt Bond Competitive Analysis

The better you understand Tax-exempt Bond competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Tax-exempt Bond'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 Bond's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

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	RTEAX	DFELX	RTLCX	NWCAX	AMONX	MSTSX	QCERX	JAAIX	GMCQX
	0.05 22.11 TAX-EXEMPT	0.32 15.46 Enhanced	0.66 78.29 Tax-managed	0.16 64.32 NUVEEN	0.51 25.68 Aqr	0.43 11.73 Morningstar	0.90 21.41 AQR	0.06 16.11 Alternative	0.68 14.50 GMO
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Weak	OK	OK	OK	Good	Insignificant	OK	Modest	Modest
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Over Valued	Over 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)	Cautious Hold	Strong Hold	Strong Sell	Hold	Strong Hold	Sell	Hold	Sell	Strong Sell
Holdings Turnover	N/A	N/A	N/A	N/A	N/A	269.0	N/A	N/A	N/A
Net Asset	2.42 B	363.36 M	3.13 B	739.77 M	715.5 M	116.1 M	1.95 B	679.41 M	988.89 M
Minimum Initial Investment	N/A	N/A	N/A	N/A	N/A	N/A	50 M	250 K	300 M
Price To Book	N/A	N/A	2.49	5.21	N/A	N/A	2.31	2.05	2.12
Five Year Return	1.13	13.94	12.22	17.98	15.39	8.13	14.72	4.16	15.13
One Year Return	5.98	32.81	27.5	37.6	37.79	18.78	31.14	8.55	30.24
Last Dividend Paid	0.04	0.13	N/A	N/A	N/A	N/A	N/A	0.08	0.05
Price To Earning	N/A	N/A	18.95	24.04	N/A	N/A	16.23	18.35	15.04
Price To Sales	N/A	N/A	1.91	3.16	N/A	N/A	1.39	1.65	1.04
Cash Position Weight	2.54	6.77	2.35	0.55	0.88	14.28	1.06	28.87	0.43
Equity Positions Weight	N/A	51.19	97.65	99.45	94.9	61.63	95.04	35.34	98.34
Three Year Return	-0.0946	7.56	6.18	6.89	7.17	5.8	10.0	3.16	9.87
Annual Yield	0.0027	0.0345	N/A	N/A	0.0068	0.021	0.0123	0.0189	0.0035
Year To Date Return	1.91	24.97	20.64	27.7	29.73	11.76	23.61	6.69	21.99
Bond Positions Weight	4.29	29.74	N/A	N/A	N/A	22.72	N/A	19.23	1.22
Ten Year Return	2.86	13.15	10.8	15.38	12.34	N/A	N/A	3.65	11.3
Day Typical Price	22.11	15.46	78.29	64.32	25.68	11.73	21.41	16.11	14.5
Daily Balance Of Power	9.2 T	9.2 T	(9,223,372,036,855)	(9,223,372,036,855)	9.2 T	9.2 T	9.2 T	(9,223,372,036,855)	(9,223,372,036,855)
Period Momentum Indicator	0.01	0.05	(0.52)	(0.10)	0.13	0.05	0.19	(0.01)	(0.10)
Rate Of Daily Change	1.0	1.0	0.99	1.0	1.01	1.0	1.01	1.0	0.99
Day Median Price	22.11	15.46	78.29	64.32	25.68	11.73	21.41	16.11	14.5
Price Action Indicator	0.005	0.025	(0.26)	(0.05)	0.065	0.025	0.095	(0.01)	(0.05)
Relative Strength Index	33.64	33.88	25.34	39.28	29.86	20.48	30.28	34.16	30.1
Coefficient Of Variation	3507.83	860.34	1004.1	1227.47	704.56	1576.86	854.34	1149.27	1028.55
Mean Deviation	0.0971	0.579	0.5395	0.8091	0.7219	0.4856	0.637	0.1478	0.6007
Jensen Alpha	(0.01)	(0)	0.0706	(0.02)	0.0247	0.0402	(0.01)	0.0078	0.0811
Total Risk Alpha	(0.03)	(0.02)	(0.03)	(0.07)	0.0016	(0.05)	(0.02)	(0.02)	(0.04)
Sortino Ratio	(0.36)	(0.02)	(0.04)	(0.01)	0.0313	(0.11)	(0.01)	(0.41)	(0.03)
Downside Variance	0.0825	0.7997	0.6178	1.97	1.13	0.3987	0.8029	0.0503	0.8179
Standard Deviation	0.1738	0.8032	0.757	1.15	1.01	0.6318	0.8897	0.1979	0.8659
Kurtosis	7.38	1.64	1.98	1.46	2.07	0.1097	2.15	(0.07)	2.73
Potential Upside	0.2249	1.18	1.14	1.8	1.63	1.21	1.52	0.3745	1.42
Treynor Ratio	(0.16)	0.0945	(1.26)	0.0824	0.1222	(0.30)	0.0921	(1.27)	(1.07)
Maximum Drawdown	1.0	3.9	4.06	5.27	4.55	2.8	4.31	0.875	4.57
Variance	0.0302	0.6451	0.573	1.31	1.01	0.3991	0.7915	0.0392	0.7499
Market Risk Adjusted Performance	(0.15)	0.1045	(1.25)	0.0924	0.1322	(0.29)	0.1021	(1.26)	(1.06)
Risk Adjusted Performance	(0.01)	0.0892	0.0759	0.0655	0.1107	0.0463	0.0907	0.0378	0.0753
Skewness	(1.45)	(0.24)	(0.02)	(0.63)	(0.23)	0.1403	0.0374	0.1337	0.0594
Semi Deviation	0.1769	0.7099	0.6785	1.23	0.8765	0.5186	0.7286	0.1043	0.7224
Information Ratio	(0.60)	(0.02)	(0.05)	(0.01)	0.0331	(0.11)	(0.01)	(0.47)	(0.03)
Value At Risk	(0.27)	(1.36)	(1.47)	(2.37)	(1.30)	(1.02)	(1.22)	(0.31)	(1.43)
Expected Short fall	(0.11)	(0.62)	(0.57)	(0.76)	(0.77)	(0.59)	(0.70)	(0.19)	(0.63)
Downside Deviation	0.2872	0.8943	0.786	1.4	1.06	0.6314	0.896	0.2244	0.9044
Semi Variance	0.0313	0.5039	0.4603	1.52	0.7683	0.2689	0.5309	0.0109	0.5219

Tax-exempt Bond Competition Performance Charts

Five steps to successful analysis of Tax-exempt Bond Competition

Tax-exempt Bond'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 Bond in relation to its competition. Tax-exempt Bond's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Tax-exempt Bond 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 Bond's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Tax Exempt Bond, 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 Bond position

In addition to having Tax-exempt Bond 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.

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Books

Companies involved in publishing of books, newspapers, periodicals and other mass publications. The Books theme has 47 constituents at this time.

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Other Information on Investing in TAX-EXEMPT Mutual Fund

Tax-exempt Bond 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 Bond security.

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Tax-exempt Bond Competition

Specify up to 10 symbols:

Tax-exempt Bond Competition Correlation Matrix

Risk-Adjusted Indicators

Tax-exempt Bond Competitive Analysis

Tax-exempt Bond Competition Performance Charts

Five steps to successful analysis of Tax-exempt Bond Competition

Complement your Tax-exempt Bond position

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Run Books Thematic Idea Now

Books

Other Information on Investing in TAX-EXEMPT Mutual Fund

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