Alabama Tax Free Bond Etf Performance
| ALABX Etf | USD 12.66 0.05 0.40% |
The etf owns a Beta (Systematic Risk) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ALABAMA TAX's returns are expected to increase less than the market. However, during the bear market, the loss of holding ALABAMA TAX is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days ALABAMA TAX FREE BOND has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong fundamental drivers, ALABAMA TAX is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
| Expense Ratio | 1.1600 |
ALABAMA |
ALABAMA TAX Relative Risk vs. Return Landscape
If you would invest 1,310 in ALABAMA TAX FREE BOND on September 12, 2024 and sell it today you would lose (49.00) from holding ALABAMA TAX FREE BOND or give up 3.74% of portfolio value over 90 days. ALABAMA TAX FREE BOND is currently producing negative expected returns and takes up 1.1469% volatility of returns over 90 trading days. Put another way, 10% of traded etfs are less volatile than ALABAMA, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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ALABAMA TAX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALABAMA TAX's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ALABAMA TAX FREE BOND, and traders can use it to determine the average amount a ALABAMA TAX's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.046
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| Negative Returns | ALABX |
Estimated Market Risk
| 1.15 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ALABAMA TAX is not performing at its full potential. However, 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 ALABAMA TAX by adding ALABAMA TAX to a well-diversified portfolio.
ALABAMA TAX Fundamentals Growth
ALABAMA Etf prices reflect investors' perceptions of the future prospects and financial health of ALABAMA TAX, and ALABAMA TAX fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ALABAMA Etf performance.
About ALABAMA TAX Performance
Evaluating ALABAMA TAX's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if ALABAMA TAX has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if ALABAMA TAX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund pursues its investment objective by normally investing 60 percent of its assets in equity securities and 40 percent of its assets in fixed-income securities and cash equivalents. Equity securities in which the fund may invest include common stocks and preferred stocks. Its fixed-income investments may reflect a broad range of credit qualities and may include corporate debt securities, U.S. government obligations, agency mortgage-backed securities, asset-backed securities, and bank loans.| ALABAMA TAX FREE generated a negative expected return over the last 90 days |
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.