Tax Exempt Fund Of Fund Probability of Future Mutual Fund Price Finishing Under 16.00
| TEFEX Fund | USD 16.82 0.01 0.06% |
Tax-exempt |
Tax-exempt Fund Target Price Odds to finish below 16.00
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 drop to $ 16.00 or more in 90 days |
| 16.82 | 90 days | 16.00 | near 1 |
Based on a normal probability distribution, the odds of Tax-exempt Fund to drop to $ 16.00 or more in 90 days from now is near 1 (This Tax Exempt Fund Of probability density function shows the probability of Tax-exempt Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Tax Exempt Fund price to stay between $ 16.00 and its current price of $16.82 at the end of the 90-day period is about 45.68 .
Assuming the 90 days horizon Tax Exempt Fund Of has a beta of -0.0983. This usually implies as returns on the benchmark increase, returns on holding Tax-exempt Fund are expected to decrease at a much lower rate. During a bear market, however, Tax Exempt Fund Of is likely to outperform the market. Additionally Tax Exempt Fund Of has an alpha of 0.0112, implying that it can generate a 0.0112 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Tax-exempt Fund Price Density |
| Price |
Predictive Modules for Tax-exempt Fund
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 Fund. 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 Fund'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 Fund Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tax-exempt Fund is not an exception. The market had few large corrections towards the Tax-exempt Fund'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 Fund Of, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tax-exempt Fund within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.1 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | -0.54 |
Tax-exempt Fund 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 Fund for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tax Exempt Fund can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund maintains about 98.77% of its assets in bonds |
Tax-exempt Fund Technical Analysis
Tax-exempt Fund'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 Fund Of. In general, you should focus on analyzing Tax-exempt Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Tax-exempt Fund Predictive Forecast Models
Tax-exempt Fund's time-series forecasting models is one of many Tax-exempt Fund'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 Fund'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 Fund
Checking the ongoing alerts about Tax-exempt Fund for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tax Exempt Fund help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund maintains about 98.77% of its assets in bonds |
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.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |