Near Term Tax Free Fund Manager Performance Evaluation
| NEARX Fund | USD 2.10 0.00 0.00% |
The fund secures a Beta (Market Risk) of -0.0506, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Near Term are expected to decrease at a much lower rate. During the bear market, Near Term is likely to outperform the market.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Near Term Tax Free has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Near Term 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 | 1st of May 2023 | |
| Expense Ratio | 0.4500 |
Near |
Near Term Relative Risk vs. Return Landscape
If you would invest 210.00 in Near Term Tax Free on August 27, 2024 and sell it today you would earn a total of 0.00 from holding Near Term Tax Free or generate 0.0% return on investment over 90 days. Near Term Tax Free is currently producing 1.0E-4% returns and takes up 0.1471% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Near, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Near Term Current Valuation
Overvalued
Today
Please note that Near Term's price fluctuation is very steady at this time. Based on Macroaxis valuation methodology, the fund appears to be overvalued. Near Term Tax secures a last-minute Real Value of $2.05 per share. The latest price of the fund is $2.1. We determine the value of Near Term Tax 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 Near Term is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Near Mutual Fund. However, Near Term'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 2.1 | Real 2.05 | Hype 2.1 | Naive 2.1 |
The intrinsic value of Near Term'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 Near Term'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 Near Term Tax Free helps investors to forecast how Near 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 Near Term more accurately as focusing exclusively on Near Term's fundamentals will not take into account other important factors: Near Term Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Near Term's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Near Term Tax Free, and traders can use it to determine the average amount a Near Term'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 = 7.0E-4
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| Negative Returns | NEARX |
Estimated Market Risk
| 0.15 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Near Term 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 Near Term by adding Near Term to a well-diversified portfolio.
Near Term Fundamentals Growth
Near Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Near Term, and Near Term 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 Near Mutual Fund performance.
About Near Term Performance
Evaluating Near Term's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Near Term 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 Near Term 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 market conditions, the fund invests at least 80 percent of its net assets in investment grade municipal securities whose interest is free from federal income tax, including the federal alternative minimum tax. It will maintain a weighted-average portfolio maturity of five years or less. Although the advisor intends to invest the majority of its assets in tax free securities, the fund may invest up to 20 percent of its assets in securities that pay taxable interest.Things to note about Near Term Tax performance evaluation
Checking the ongoing alerts about Near Term for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Near Term Tax 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 0.0% | |
| Near Term Tax maintains about 5.39% of its assets in cash |
- Analyzing Near Term'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 Near Term's stock is overvalued or undervalued compared to its peers.
- Examining Near Term'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 Near Term's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Near Term's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Near Term's mutual fund. These opinions can provide insight into Near Term's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Near Mutual Fund
Near Term financial ratios help investors to determine whether Near 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 Near with respect to the benefits of owning Near Term security.
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