Tax Exempt Bond Fund Price on November 5, 2024
| PTEAX Fund | USD 6.76 0.02 0.30% |
Below is the normalized historical share price chart for Tax Exempt Bond Fund extending back to January 18, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Tax-exempt Bond stands at 6.76, as last reported on the 27th of November, with the highest price reaching 6.76 and the lowest price hitting 6.76 during the day.
If you're considering investing in Tax-exempt Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Tax-exempt Mutual Fund to be very steady. Tax Exempt Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0404, which indicates the fund had a 0.0404% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tax Exempt Bond Fund, which you can use to evaluate the volatility of the fund. Please validate Tax-exempt Bond's Coefficient Of Variation of 3335.48, semi deviation of 0.1932, and Risk Adjusted Performance of 2.0E-4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0095%.
Tax-exempt Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Tax-exempt |
Sharpe Ratio = 0.0404
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PTEAX |
Estimated Market Risk
| 0.24 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Tax-exempt Bond is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tax-exempt Bond by adding it to a well-diversified portfolio.
Tax-exempt Bond Valuation on November 5, 2024
It is possible to determine the worth of Tax-exempt Bond on a given historical date. On November 5, 2024 Tax-exempt was worth 6.73 at the beginning of the trading date compared to the closed value of 6.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tax-exempt Bond mutual fund. Still, in general, we apply an absolute valuation method to find Tax-exempt Bond's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tax-exempt Bond where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tax-exempt Bond's related companies.
| Open | High | Low | Close | Volume | |
| 6.73 | 6.73 | 6.73 | 6.73 | 1.00 | |
11/05/2024 | 6.73 | 6.73 | 6.73 | 6.73 | 1.00 |
| 6.66 | 6.66 | 6.66 | 6.66 | 1.00 |
| Backtest Tax-exempt Bond | | | Tax-exempt Bond History | | | Tax-exempt Bond Valuation | Previous | Next |
Tax-exempt Bond Trading Date Momentum on November 5, 2024
| On November 06 2024 Tax Exempt Bond Fund was traded for 6.66 at the closing time. The highest daily price throughout the period was 6.66 and the lowest price was 6.66 . There was no trading activity during the period 1.0. Lack of trading volume on 11/06/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 1.04% . The trading price change to current closing price is 0.00% . |
Tax Exempt Bond Fundamentals Correlations and Trends
By evaluating Tax-exempt Bond's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tax-exempt Bond's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tax-exempt financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tax-exempt Bond Mutual Fund history
Tax-exempt Bond investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tax-exempt is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tax Exempt Bond will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tax-exempt Bond stock prices may prove useful in developing a viable investing in Tax-exempt Bond
The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in tax-exempt bonds at the time of purchase. It also invests in inverse floating rate obligations , which are generally more volatile than other types of municipal obligations and may involve leverage.
Tax-exempt Bond Mutual Fund Technical Analysis
Tax-exempt Bond technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Tax-exempt Bond Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Tax Exempt Bond Fund cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Tax-exempt Bond November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Tax-exempt Bond mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tax-exempt Bond shares will generate the highest return on investment. By undertsting and applying Tax-exempt Bond mutual fund market strength indicators, traders can identify Tax Exempt Bond Fund entry and exit signals to maximize returns
Tax-exempt Bond Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tax-exempt Bond's price direction in advance. Along with the technical and fundamental analysis of Tax-exempt Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tax-exempt to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 2.0E-4 | |||
| Jensen Alpha | 0.0061 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | 0.0397 |
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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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