Delaware Tax Free Orado Fund Manager Performance Evaluation
| DCOIX Fund | USD 10.56 0.03 0.28% |
The fund shows a Beta (market volatility) of 0.0332, which means not very significant fluctuations relative to the market. As returns on the market increase, Delaware Tax-free's returns are expected to increase less than the market. However, during the bear market, the loss of holding Delaware Tax-free is expected to be smaller as well.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Delaware Tax Free Orado are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Delaware Tax-free is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 0.5700 |
DELAWARE |
Delaware Tax-free Relative Risk vs. Return Landscape
If you would invest 1,046 in Delaware Tax Free Orado on September 3, 2024 and sell it today you would earn a total of 10.00 from holding Delaware Tax Free Orado or generate 0.96% return on investment over 90 days. Delaware Tax Free Orado is currently producing 0.0153% returns and takes up 0.2985% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than DELAWARE, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Delaware Tax-free Current Valuation
Fairly Valued
Today
Please note that Delaware Tax-free's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Delaware Tax Free shows a prevailing Real Value of $10.53 per share. The current price of the fund is $10.56. We determine the value of Delaware Tax Free from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Delaware Tax-free is currently traded on the exchange, buyers and sellers on that exchange determine the market value of DELAWARE Mutual Fund. However, Delaware Tax-free's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 10.56 | Real 10.53 | Hype 10.56 | Naive 10.54 |
The intrinsic value of Delaware Tax-free's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Delaware Tax-free's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Delaware Tax Free Orado helps investors to forecast how DELAWARE mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Delaware Tax-free more accurately as focusing exclusively on Delaware Tax-free's fundamentals will not take into account other important factors: Delaware Tax-free Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delaware Tax-free's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Delaware Tax Free Orado, and traders can use it to determine the average amount a Delaware Tax-free'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 = 0.0513
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | DCOIX |
Estimated Market Risk
| 0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Delaware Tax-free is performing at about 4% 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 Delaware Tax-free by adding it to a well-diversified portfolio.
Delaware Tax-free Fundamentals Growth
DELAWARE Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Delaware Tax-free, and Delaware Tax-free 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 DELAWARE Mutual Fund performance.
| Total Asset | 256.84 M | |||
About Delaware Tax-free Performance
Evaluating Delaware Tax-free's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Delaware Tax-free 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 Delaware Tax-free 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.
Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities the income from which is exempt from federal income tax, including the federal alternative minimum tax, and from Colorado state personal income taxes. Delaware Tax-Free is traded on NASDAQ Exchange in the United States.Things to note about Delaware Tax Free performance evaluation
Checking the ongoing alerts about Delaware Tax-free for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Delaware Tax Free help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund retains about 99.27% of its assets under management (AUM) in fixed income securities |
- Analyzing Delaware Tax-free's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Delaware Tax-free's stock is overvalued or undervalued compared to its peers.
- Examining Delaware Tax-free's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Delaware Tax-free's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Delaware Tax-free's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Delaware Tax-free's mutual fund. These opinions can provide insight into Delaware Tax-free's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in DELAWARE Mutual Fund
Delaware Tax-free financial ratios help investors to determine whether DELAWARE 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 DELAWARE with respect to the benefits of owning Delaware Tax-free security.
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