Alabama Tax Free Bond Etf Buy Hold or Sell Recommendation
| ALABX Etf | USD 13.79 0.01 0.07% |
Assuming the 90 days horizon and your typical level of risk aversion, our recommendation regarding ALABAMA TAX FREE BOND is 'Strong Hold'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell ALABAMA TAX FREE BOND given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for ALABAMA TAX FREE BOND, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out ALABAMA TAX Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as ALABAMA and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards ALABAMA TAX FREE BOND. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
ALABAMA |
Execute ALABAMA TAX Buy or Sell Advice
The ALABAMA recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on ALABAMA TAX FREE BOND. Macroaxis does not own or have any residual interests in ALABAMA TAX FREE BOND or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute ALABAMA TAX's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details |
ALABAMA TAX Returns Distribution Density
The distribution of ALABAMA TAX's historical returns is an attempt to chart the uncertainty of ALABAMA TAX's future price movements. The chart of the probability distribution of ALABAMA TAX daily returns describes the distribution of returns around its average expected value. We use ALABAMA TAX FREE BOND price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of ALABAMA TAX returns is essential to provide solid investment advice for ALABAMA TAX.
| Mean Return | 0.08 | Value At Risk | -0.75 | Potential Upside | 0.78 | Standard Deviation | 0.47 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of ALABAMA TAX historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
ALABAMA TAX Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to ALABAMA TAX or Leavell sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that ALABAMA TAX's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ALABAMA etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 0.54 | |
σ | Overall volatility | 0.45 | |
Ir | Information ratio | -0.09 |
ALABAMA TAX Volatility Alert
ALABAMA TAX FREE BOND exhibits very low volatility with skewness of 0.04 and kurtosis of 1.35. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ALABAMA TAX's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact ALABAMA TAX's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.ALABAMA TAX Fundamentals Vs Peers
Comparing ALABAMA TAX's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze ALABAMA TAX's direct or indirect competition across all of the common fundamentals between ALABAMA TAX and the related equities. This way, we can detect undervalued stocks with similar characteristics as ALABAMA TAX or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of ALABAMA TAX's fundamental indicators could also be used in its relative valuation, which is a method of valuing ALABAMA TAX by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare ALABAMA TAX to competition |
| Fundamentals | ALABAMA TAX | Peer Average |
| Annual Yield | 0.01 % | 0.28 % |
| Year To Date Return | 19.01 % | (2.35) % |
| One Year Return | 24.25 % | (0.97) % |
| Three Year Return | 5.78 % | 3.23 % |
| Five Year Return | 0.01 % | 1.12 % |
| Net Asset | 21.47 M | 2.29 B |
| Last Dividend Paid | 0.01 | 0.14 |
| Cash Position Weight | 1.95 % | 0.16 % |
| Equity Positions Weight | 65.82 % | 52.82 % |
| Bond Positions Weight | 2.52 % | 8.16 % |
ALABAMA TAX Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as ALABAMA . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 13.79 | |||
| Day Typical Price | 13.79 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 |
About ALABAMA TAX Buy or Sell Advice
When is the right time to buy or sell ALABAMA TAX FREE BOND? Buying financial instruments such as ALABAMA Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Other Information on Investing in ALABAMA Etf
ALABAMA TAX financial ratios help investors to determine whether ALABAMA Etf 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 ALABAMA with respect to the benefits of owning ALABAMA TAX security.