Madison Tax Free Virginia Fund Manager Performance Evaluation
| GTVAX Fund | USD 10.84 0.02 0.18% |
The fund secures a Beta (Market Risk) of -0.0725, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Madison Tax-free are expected to decrease at a much lower rate. During the bear market, Madison Tax-free is likely to outperform the market.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Madison Tax Free Virginia are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Madison 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 Date | 28th of February 2023 | |
| Expense Ratio | 0.8600 |
MADISON |
Madison Tax-free Relative Risk vs. Return Landscape
If you would invest 1,076 in Madison Tax Free Virginia on August 31, 2024 and sell it today you would earn a total of 8.00 from holding Madison Tax Free Virginia or generate 0.74% return on investment over 90 days. Madison Tax Free Virginia is currently producing 0.0119% returns and takes up 0.1916% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than MADISON, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Madison Tax-free Current Valuation
Overvalued
Today
Please note that Madison Tax-free's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Madison Tax Free secures a last-minute Real Value of $10.54 per share. The latest price of the fund is $10.84. We determine the value of Madison Tax Free from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Madison Tax-free is currently traded on the exchange, buyers and sellers on that exchange determine the market value of MADISON Mutual Fund. However, Madison 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 10.84 | Real 10.54 | Hype 10.82 | Naive 10.81 |
The intrinsic value of Madison 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 Madison 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 Madison Tax Free Virginia helps investors to forecast how MADISON 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 Madison Tax-free more accurately as focusing exclusively on Madison Tax-free's fundamentals will not take into account other important factors: Madison Tax-free Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Madison Tax-free's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Madison Tax Free Virginia, and traders can use it to determine the average amount a Madison 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 = 0.0623
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GTVAX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Madison 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 Madison Tax-free by adding it to a well-diversified portfolio.
Madison Tax-free Fundamentals Growth
MADISON Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Madison Tax-free, and Madison 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 MADISON Mutual Fund performance.
About Madison Tax-free Performance
Evaluating Madison Tax-free's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Madison 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 Madison 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.
The fund invests at least 80 percent of its net assets in municipal bonds that are exempt from federal and state income tax for residents of Virginia. It only invests in investment grade bonds. Under normal market conditions, the fund will have an average duration range of 3 to 10 years, although it is expected to center around 3 to 7 years.Things to note about Madison Tax Free performance evaluation
Checking the ongoing alerts about Madison Tax-free for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Madison 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 generated three year return of -1.0% | |
| Madison Tax Free retains about 99.09% of its assets under management (AUM) in fixed income securities |
- Analyzing Madison 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 Madison Tax-free's stock is overvalued or undervalued compared to its peers.
- Examining Madison 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 Madison Tax-free's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Madison Tax-free's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Madison Tax-free's mutual fund. These opinions can provide insight into Madison Tax-free's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in MADISON Mutual Fund
Madison Tax-free financial ratios help investors to determine whether MADISON 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 MADISON with respect to the benefits of owning Madison Tax-free security.
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