Tax Exempt Bond Fund Probability of Future Mutual Fund Price Finishing Under 6.76
| PTBCX Fund | USD 6.76 0.01 0.15% |
Tax-exempt |
Tax-exempt Bond Target Price Odds to finish below 6.76
The tendency of Tax-exempt Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move below current price in 90 days |
| 6.76 | 90 days | 6.76 | about 28.7 |
Based on a normal probability distribution, the odds of Tax-exempt Bond to move below current price in 90 days from now is about 28.7 (This Tax Exempt Bond Fund probability density function shows the probability of Tax-exempt Mutual Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Tax Exempt Bond Fund has a beta of -0.0845 indicating as returns on the benchmark increase, returns on holding Tax-exempt Bond are expected to decrease at a much lower rate. During a bear market, however, Tax Exempt Bond Fund is likely to outperform the market. Additionally Tax Exempt Bond Fund has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Tax-exempt Bond Price Density |
| Price |
Predictive Modules for Tax-exempt Bond
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tax Exempt Bond. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tax-exempt Bond'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.
Tax-exempt Bond Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tax-exempt Bond is not an exception. The market had few large corrections towards the Tax-exempt Bond's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Tax Exempt Bond Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tax-exempt Bond within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0036 | |
β | Beta against Dow Jones | -0.08 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.52 |
Tax-exempt Bond Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Tax-exempt Bond for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tax Exempt Bond can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tax Exempt Bond generated a negative expected return over the last 90 days | |
| Tax Exempt Bond generated five year return of 0.0% | |
| This fund maintains about 99.69% of its assets in bonds |
Tax-exempt Bond Technical Analysis
Tax-exempt Bond's future price can be derived by breaking down and analyzing its technical indicators over time. Tax-exempt Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tax Exempt Bond Fund. In general, you should focus on analyzing Tax-exempt Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Tax-exempt Bond Predictive Forecast Models
Tax-exempt Bond's time-series forecasting models is one of many Tax-exempt Bond's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Tax-exempt Bond's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Tax Exempt Bond
Checking the ongoing alerts about Tax-exempt Bond for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tax Exempt Bond help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tax Exempt Bond generated a negative expected return over the last 90 days | |
| Tax Exempt Bond generated five year return of 0.0% | |
| This fund maintains about 99.69% of its assets in bonds |
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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