Viking Tax-free Competition

Mutual Funds . USA . 
Fund . Viking Tax Free Fund
VMTIX Fund  USD 9.12  0.01  0.11%   
Viking Tax Free competes with Viking Tax, Viking Tax-free, Viking Tax-free, and Integrity Dividend; as well as few others. The fund is listed under Muni Single State Interm category and is part of IntegrityVikingFunds family. Analyzing Viking Tax-free 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 Viking Tax-free to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Viking Tax-free 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 Viking Tax-free competition on your existing holdings.
  
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Prediction
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8.909.129.34
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Intrinsic
Valuation
LowRealHigh
8.909.129.34
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Naive
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LowNextHigh
8.909.129.33
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Bollinger
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LowerMiddle BandUpper
9.129.129.12
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Viking Tax-free Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Viking Tax-free 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 Viking 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 Viking Tax Free does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
VMTTX
+ 1.0
VMTIX
VNDFX
+ 1.0
VNDIX
IPAYX
+ 1.0
APAYX
NEMUX
+ 1.0
NEITX
ICPUX
+ 1.0
ICPAX
NEITX
+ 0.99
VMTTX
  
High negative correlations   
ICPAX
- 0.35
VNDFX
ICPUX
- 0.35
VNDIX
ICPAX
- 0.35
VNDIX
ICPUX
- 0.34
VNDFX
ICPUX
- 0.3
VMTTX
ICPAX
- 0.3
VMTTX

Risk-Adjusted Indicators

There is a big difference between Viking Mutual Fund performing well and Viking Tax-free 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 Viking Tax-free'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
VMTIX  0.11 (0.01)(0.29)(0.31) 0.19 
(0.23)
 0.33 
(0.33)
 1.21 
VMTTX  0.11 (0.02) 0.00 (0.37) 0.00 
 0.00 
 0.22 
(0.33)
 1.21 
VNDIX  0.14 (0.02) 0.00 (0.39) 0.00 
 0.00 
 0.34 
(0.45)
 1.47 
VNDFX  0.14 (0.02) 0.00 (0.37) 0.00 
 0.00 
 0.34 
(0.45)
 1.69 
APAYX  0.47  0.03 (0.07) 0.19  0.35 
(0.57)
 0.90 
(0.89)
 2.36 
IPAYX  0.45  0.03 (0.07) 0.20  0.34 
(0.53)
 0.90 
(0.82)
 2.37 
NEITX  0.15 (0.02) 0.00 (0.21) 0.00 
 0.00 
 0.43 
(0.32)
 1.62 
NEMUX  0.14 (0.02) 0.00 (0.19) 0.00 
 0.00 
 0.43 
(0.43)
 1.51 
ICPAX  0.88  0.10  0.07  0.25  0.84 
(0.99)
 1.77 
(1.79)
 4.62 
ICPUX  0.91  0.10  0.07  0.24  0.88 
(1.09)
 1.78 
(1.89)
 4.65 
All Fundamental Data

Viking Tax-free Competitive Analysis

The better you understand Viking Tax-free competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Viking Tax-free'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 Viking Tax-free'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
VMTIX VMTTX VNDIX VNDFX APAYX IPAYX NEITX NEMUX ICPAX ICPUX
 0.11 
 9.12 
Viking
 0.11 
 9.12 
Viking
 0.22 
 8.92 
Viking
 0.22 
 8.92 
Viking
 0.88 
 11.44 
Integrity
 0.80 
 11.40 
Integrity
 0.21 
 9.34 
Nebraska
 0.21 
 9.35 
Nebraska
 0.32 
 6.35 
Williston
 0.32 
 6.30 
Williston
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Not too volatile
Not too volatile
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Very Weak
Very Weak
Modest
Modest
Very Weak
Very Weak
Good
Good
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
Fairly Valued
Under 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
Cautious Hold
Cautious Hold
Strong Hold
Strong Hold
Cautious Hold
Cautious Hold
Buy
Strong Buy
Net Asset
66.59 M
66.59 M
24.08 M
24.08 M
4.14 M
4.14 M
36.94 M
36.94 M
129.32 M
129.32 M
Minimum Initial Investment
1 K
N/A
N/A
1 K
N/A
N/A
1 K
N/A
N/A
N/A
Price To Book
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.86
N/A
Five Year Return
0.25
-0.0052
-0.5
-0.74
N/A
N/A
-0.17
-0.43
10.32
9.81
One Year Return
4.89
4.62
4.17
3.3
N/A
N/A
3.85
3.9
21.78
21.07
Last Dividend Paid
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.01
N/A
Price To Earning
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
21.78
N/A
Price To Sales
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.39
N/A
Cash Position Weight
0.25
N/A
N/A
0.45
N/A
N/A
N/A
N/A
N/A
N/A
Equity Positions Weight
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
100.0
100.0
Three Year Return
-1.22
-1.47
-2.15
-2.37
N/A
N/A
-1.46
-1.72
12.1
11.58
Annual Yield
0.0023
0.0039
0.0023
0.004
0.0556
0.058
0.002
0.0042
0.0132
0.0082
Year To Date Return
0.25
0.0276
0.15
0.12
N/A
N/A
0.18
0.13
20.34
19.78
Bond Positions Weight
99.75
N/A
N/A
99.55
N/A
N/A
100.0
N/A
N/A
N/A
Ten Year Return
3.32
3.23
3.12
3.02
N/A
N/A
3.31
3.25
-1.58
-2.06
Day Typical Price
9.12
9.12
8.92
8.92
11.44
11.4
9.34
9.35
6.35
6.3
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
9.2 T
Period Momentum Indicator
0.01
0.01
0.02
0.02
0.1
0.09
0.02
0.02
0.02
0.02
Rate Of Daily Change
1.0
1.0
1.0
1.0
1.01
1.01
1.0
1.0
1.0
1.0
Day Median Price
9.12
9.12
8.92
8.92
11.44
11.4
9.34
9.35
6.35
6.3
Price Action Indicator
0.005
0.005
0.01
0.01
0.05
0.045
0.01
0.01
0.01
0.01
Relative Strength Index
49.39
49.38
44.65
50.03
10.5
12.54
48.9
46.24
41.38
37.56
Coefficient Of Variation
95289.24
(14,688)
(4,155)
(4,528)
616.6
609.1
(25,069)
(21,651)
527.19
544.35
Mean Deviation
0.1098
0.109
0.1432
0.1405
0.4668
0.4522
0.152
0.1391
0.882
0.908
Jensen Alpha
(0.01)
(0.02)
(0.02)
(0.02)
0.0311
0.0325
(0.02)
(0.02)
0.1049
0.101
Total Risk Alpha
(0.04)
(0.04)
(0.06)
(0.06)
(0.01)
(0.01)
(0.06)
(0.05)
0.0262
0.0199
Sortino Ratio
(0.29)
N/A
N/A
N/A
(0.07)
(0.07)
N/A
N/A
0.0735
0.0676
Downside Variance
0.2018
N/A
N/A
N/A
0.2959
0.3058
N/A
N/A
1.26
1.36
Standard Deviation
0.2128
0.2115
0.2671
0.2883
0.5651
0.56
0.2972
0.2718
1.12
1.14
Kurtosis
5.91
6.08
6.59
8.34
(0.61)
(0.51)
7.91
6.35
0.3805
0.3053
Potential Upside
0.3264
0.2215
0.3398
0.3413
0.8985
0.9009
0.4338
0.432
1.77
1.78
Treynor Ratio
(0.31)
(0.37)
(0.39)
(0.37)
0.1949
0.2002
(0.21)
(0.19)
0.2498
0.2446
Maximum Drawdown
1.21
1.21
1.47
1.69
2.36
2.37
1.62
1.51
4.62
4.65
Variance
0.0453
0.0447
0.0713
0.0831
0.3193
0.3136
0.0883
0.0739
1.26
1.3
Market Risk Adjusted Performance
(0.30)
(0.36)
(0.38)
(0.36)
0.2049
0.2102
(0.20)
(0.18)
0.2598
0.2546
Risk Adjusted Performance
(0.03)
(0.03)
(0.04)
(0.03)
0.1208
0.1222
(0.02)
(0.02)
0.1487
0.1442
Skewness
(1.14)
(1.21)
(1.01)
(1.15)
0.0193
0.0046
(1.34)
(1.19)
(0.07)
(0.08)
Semi Deviation
0.1919
N/A
N/A
N/A
0.355
0.3368
N/A
N/A
0.8428
0.8797
Information Ratio
(0.61)
(0.63)
(0.51)
(0.48)
(0.07)
(0.07)
(0.44)
(0.49)
0.0733
0.0691
Value At Risk
(0.33)
(0.33)
(0.45)
(0.45)
(0.89)
(0.82)
(0.32)
(0.43)
(1.79)
(1.89)
Expected Short fall
(0.23)
N/A
N/A
N/A
(0.57)
(0.53)
N/A
N/A
(0.99)
(1.09)
Downside Deviation
0.4492
N/A
N/A
N/A
0.544
0.553
N/A
N/A
1.12
1.17
Semi Variance
0.0368
N/A
N/A
N/A
0.126
0.1135
N/A
N/A
0.7104
0.7739

Viking Tax-free Competition Performance Charts

Five steps to successful analysis of Viking Tax-free Competition

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

In addition to having Viking Tax-free 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
Books Theme
Companies involved in publishing of books, newspapers, periodicals and other mass publications. The Books theme has 47 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 Books Theme or any other thematic opportunities.
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Other Information on Investing in Viking Mutual Fund

Viking Tax-free financial ratios help investors to determine whether Viking 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 Viking with respect to the benefits of owning Viking Tax-free security.
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