Municipal Bond Competition

Mutual Funds . USA . 
Fund . Municipal Bond Portfolio
SMBPX Fund  USD 8.90  0.01  0.11%   
Municipal Bond Portfolio competes with Salient Alternative, Moderately Aggressive, Small Capitalization, Small Capitalization, and Small Capitalization; as well as few others. The fund is listed under Muni National Interm category and is part of Saratoga family. Analyzing Municipal 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 Municipal Bond to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Municipal 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 Municipal Bond competition on your existing holdings.
  
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Hype
Prediction
LowEstimatedHigh
8.728.909.08
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Intrinsic
Valuation
LowRealHigh
8.728.909.08
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Naive
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LowNextHigh
8.738.919.09
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Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.908.908.90
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Municipal Bond Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Municipal 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 Municipal 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 Municipal Bond Portfolio does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
SBCCX
+ 1.0
SAMAX
SSCPX
+ 1.0
SSCCX
SSCYX
+ 1.0
SSCCX
SSCYX
+ 1.0
SSCPX
STPAX
+ 0.98
SAMAX
SCAAX
+ 0.98
SBCCX
  
High negative correlations   
STPAX
- 0.53
SBHIX
SBHIX
- 0.46
SBCCX
SBHIX
- 0.46
SAMAX
SBHIX
- 0.42
SABCX
SCAAX
- 0.4
SBHIX
SBHIX
- 0.29
SSCPX

Risk-Adjusted Indicators

There is a big difference between Municipal Mutual Fund performing well and Municipal 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 Municipal 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABCX  0.48  0.05 (0.11) 1.42  0.52 
(0.54)
 1.10 
(0.99)
 3.01 
SAMAX  0.43  0.00 (0.08) 0.12  0.39 
(0.49)
 1.00 
(0.83)
 2.71 
SSCCX  1.03 (0.05) 0.02  0.09  0.94 
(1.71)
 2.73 
(1.77)
 7.85 
SSCPX  0.96 (0.04) 0.02  0.10  0.93 
(1.14)
 2.34 
(1.77)
 7.19 
SSCYX  0.97 (0.04) 0.02  0.09  0.95 
(1.13)
 2.30 
(1.79)
 7.25 
SBCCX  0.39  0.00 (0.11) 0.12  0.38 
(0.44)
 0.92 
(0.73)
 2.52 
SBHIX  0.63 (0.10) 0.00 (0.47) 0.00 
 0.00 
 1.00 
(1.27)
 4.23 
SBMBX  0.75  0.03 (0.08)(0.74) 1.08 
(0.73)
 1.43 
(1.63)
 4.41 
STPAX  0.75 (0.02)(0.01) 0.10  1.10 
(0.73)
 1.34 
(2.10)
 5.51 
SCAAX  0.29  0.00 (0.21) 0.13  0.21 
(0.35)
 0.70 
(0.54)
 1.41 
All Fundamental Data

Municipal Bond Competitive Analysis

The better you understand Municipal Bond competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Municipal 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 Municipal Bond'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
SMBPX SABCX SAMAX SSCCX SSCPX SSCYX SBCCX SBHIX SBMBX STPAX
 0.11 
 8.90 
Municipal
 0.08 
 12.06 
Salient
 0.49 
 12.42 
Moderately
 1.68 
 1.21 
Small
 1.44 
 8.44 
Small
 1.55 
 7.22 
Small
 0.45 
 11.19 
Moderately
 0.83 
 24.42 
Health
 0.94 
 12.88 
Energy
 0.34 
 23.59 
Technology
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Risky
Not too volatile
Not too volatile
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
OK
OK
Modest
Modest
Modest
OK
Very Weak
Very Weak
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over 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
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Cautious Hold
Strong Hold
Strong Hold
Strong Hold
Strong Hold
Strong Hold
Cautious Hold
Strong Sell
Hold
Net Asset
560 K
604.69 K
602.55 K
7.34 M
6.24 M
7.34 M
882.33 K
11.88 M
1.32 M
39.32 M
Minimum Initial Investment
N/A
N/A
N/A
N/A
N/A
250
N/A
N/A
N/A
N/A
Price To Book
N/A
N/A
N/A
2.19
2.38
2.19
N/A
2.64
1.41
3.81
Five Year Return
-0.19
7.36
8.02
11.11
12.27
11.86
6.49
6.64
5.88
12.03
One Year Return
2.77
19.6
20.03
27.78
30.06
29.59
17.67
13.44
2.4
24.33
Last Dividend Paid
N/A
0.03
0.06
N/A
N/A
N/A
N/A
N/A
0.11
N/A
Price To Earning
N/A
N/A
N/A
18.69
17.86
17.37
N/A
18.07
20.9
21.19
Price To Sales
N/A
N/A
N/A
1.02
1.07
1.0
N/A
0.75
0.99
1.62
Cash Position Weight
20.47
11.59
15.84
5.06
5.06
3.43
17.47
4.01
1.82
-0.43
Equity Positions Weight
N/A
67.94
59.65
94.94
94.94
96.57
50.23
95.99
98.19
100.43
Three Year Return
-0.26
3.8
4.98
0.92
1.93
1.53
3.85
4.14
8.13
5.14
Annual Yield
0.0032
N/A
0.0092
N/A
N/A
N/A
N/A
N/A
0.0121
N/A
Year To Date Return
0.23
12.56
14.15
13.86
15.74
15.33
12.24
6.53
0.23
18.42
Bond Positions Weight
0.06
1.82
2.76
N/A
N/A
N/A
4.17
N/A
N/A
N/A
Ten Year Return
0.64
N/A
N/A
4.99
5.97
5.64
N/A
11.78
-4.54
16.37
Day Typical Price
8.9
12.06
12.42
1.21
8.44
7.22
11.19
24.42
12.88
23.59
Daily Balance Of Power
9.2 T
(9,223,372,036,855)
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
(0.01)
0.06
0.02
0.12
0.11
0.05
0.2
0.12
0.08
Rate Of Daily Change
1.0
1.0
1.0
1.02
1.01
1.02
1.0
1.01
1.01
1.0
Day Median Price
8.9
12.06
12.42
1.21
8.44
7.22
11.19
24.42
12.88
23.59
Price Action Indicator
0.005
(0.01)
0.03
0.01
0.06
0.055
0.025
0.1
0.06
0.04
Relative Strength Index
2.89
39.82
30.25
9.16
14.37
14.87
32.04
8.94
23.32
48.5
Coefficient Of Variation
(5,544)
1052.59
670.12
952.95
862.87
864.76
684.25
(1,114)
2478.31
910.95
Mean Deviation
0.1004
0.4791
0.4309
1.03
0.9596
0.9721
0.3881
0.6313
0.7495
0.7458
Jensen Alpha
(0.02)
0.0454
(0)
(0.05)
(0.04)
(0.04)
(0)
(0.10)
0.0339
(0.02)
Total Risk Alpha
(0.04)
(0.05)
(0.01)
(0.09)
(0.07)
(0.07)
(0.02)
(0.20)
(0.12)
(0.06)
Sortino Ratio
N/A
(0.11)
(0.08)
0.0163
0.0226
0.0225
(0.11)
N/A
(0.08)
(0.01)
Downside Variance
N/A
0.3917
0.3259
2.23
1.23
1.32
0.2514
N/A
1.33
1.62
Standard Deviation
0.1797
0.627
0.5652
1.48
1.34
1.35
0.502
0.7826
0.9708
1.06
Kurtosis
7.03
1.02
0.8835
3.77
2.88
2.82
0.6333
0.3424
0.637
1.81
Potential Upside
0.2257
1.1
0.9983
2.73
2.34
2.3
0.92
1.0
1.43
1.34
Treynor Ratio
(0.30)
1.42
0.1183
0.0907
0.0952
0.0947
0.1182
(0.47)
(0.74)
0.1042
Maximum Drawdown
1.01
3.01
2.71
7.85
7.19
7.25
2.52
4.23
4.41
5.51
Variance
0.0323
0.3931
0.3194
2.19
1.81
1.83
0.252
0.6124
0.9424
1.13
Market Risk Adjusted Performance
(0.29)
1.43
0.1283
0.1007
0.1052
0.1047
0.1282
(0.46)
(0.73)
0.1142
Risk Adjusted Performance
(0.05)
0.0706
0.1109
0.0853
0.0932
0.093
0.1068
(0.07)
0.033
0.087
Skewness
(1.22)
0.1473
0.0484
1.1
0.9931
0.9549
(0.04)
(0.41)
(0.72)
(0.53)
Semi Deviation
N/A
0.5187
0.392
0.9363
0.9325
0.9499
0.3769
N/A
1.08
1.1
Information Ratio
(0.75)
(0.11)
(0.08)
0.0165
0.0186
0.0191
(0.11)
(0.26)
(0.09)
(0.01)
Value At Risk
(0.23)
(0.99)
(0.83)
(1.77)
(1.77)
(1.79)
(0.73)
(1.27)
(1.63)
(2.10)
Expected Short fall
N/A
(0.54)
(0.49)
(1.71)
(1.14)
(1.13)
(0.44)
N/A
(0.73)
(0.73)
Downside Deviation
N/A
0.6259
0.5709
1.49
1.11
1.15
0.5014
N/A
1.16
1.27
Semi Variance
N/A
0.2691
0.1537
0.8767
0.8696
0.9023
0.1421
N/A
1.16
1.21

Municipal Bond Competition Performance Charts

Five steps to successful analysis of Municipal Bond Competition

Municipal 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 Municipal Bond Portfolio in relation to its competition. Municipal Bond's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Municipal 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 Municipal Bond's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Municipal Bond Portfolio, 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 Municipal Bond position

In addition to having Municipal 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.

Did You Try This Idea?

Run Printing and Publishing Thematic Idea Now

Printing and Publishing
Printing and Publishing Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Printing and Publishing theme has 21 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 Printing and Publishing Theme or any other thematic opportunities.
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Other Information on Investing in Municipal Mutual Fund

Municipal Bond financial ratios help investors to determine whether Municipal 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 Municipal with respect to the benefits of owning Municipal Bond security.
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