Tax Exempt Bond Fund Manager Performance Evaluation
| PITEX Fund | USD 6.72 0.01 0.15% |
The entity has a beta of 0.0309, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tax-exempt Bond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tax-exempt Bond is expected to be smaller as well.
Risk-Adjusted Performance
Fair
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Tax Exempt Bond Fund are ranked lower than 9 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong technical and fundamental indicators, Tax-exempt Bond 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 March 2025 | |
| Expense Ratio | 0.6000 |
Tax-exempt |
Tax-exempt Bond Relative Risk vs. Return Landscape
If you would invest 666.00 in Tax Exempt Bond Fund on November 3, 2025 and sell it today you would earn a total of 6.00 from holding Tax Exempt Bond Fund or generate 0.9% return on investment over 90 days. Tax Exempt Bond Fund is currently producing 0.0145% returns and takes up 0.1172% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Tax-exempt, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Tax-exempt Bond Current Valuation
Overvalued
Today
Please note that Tax-exempt Bond's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Tax Exempt Bond has a current Real Value of $6.18 per share. The regular price of the fund is $6.72. We determine the value of Tax Exempt Bond from inspecting 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 draw towards each other.
Since Tax-exempt Bond is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Tax-exempt Mutual Fund. However, Tax-exempt Bond'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 6.72 | Real 6.18 | Hype 6.72 | Naive 6.7 |
The intrinsic value of Tax-exempt Bond'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 Tax-exempt Bond'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 Tax Exempt Bond Fund helps investors to forecast how Tax-exempt 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 Tax-exempt Bond more accurately as focusing exclusively on Tax-exempt Bond's fundamentals will not take into account other important factors: Tax-exempt Bond Target Price Odds to finish over Current Price
The tendency of Tax-exempt Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 6.72 | 90 days | 6.72 | nearly 4.99 |
Based on a normal probability distribution, the odds of Tax-exempt Bond to move above the current price in 90 days from now is nearly 4.99 (This Tax Exempt Bond Fund probability density function shows the probability of Tax-exempt Mutual Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Tax-exempt Bond has a beta of 0.0309 indicating as returns on the market go up, Tax-exempt Bond average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Tax Exempt Bond Fund will be expected to be much smaller as well. Additionally Tax Exempt Bond Fund has an alpha of 0.0035, implying that it can generate a 0.003462 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Tax-exempt Bond Price Density |
| Price |
Predictive Modules for Tax-exempt Bond
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tax Exempt Bond. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tax-exempt Bond's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tax-exempt Bond Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tax-exempt Bond is not an exception. The market had few large corrections towards the Tax-exempt Bond's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Tax Exempt Bond Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tax-exempt Bond within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | 0.03 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.26 |
Tax-exempt Bond Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Tax-exempt Bond for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tax Exempt Bond can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund maintains most of the assets in different exotic instruments. |
Tax-exempt Bond Fundamentals Growth
Tax-exempt Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Tax-exempt Bond, and Tax-exempt Bond 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 Tax-exempt Mutual Fund performance.
| Total Asset | 250.2 M | |||
About Tax-exempt Bond Performance
Evaluating Tax-exempt Bond's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Tax-exempt Bond 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 Tax-exempt Bond 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, plus any borrowings for investment purposes, in tax-exempt bonds at the time of purchase. Principal Funds is traded on NASDAQ Exchange in the United States.Things to note about Tax Exempt Bond performance evaluation
Checking the ongoing alerts about Tax-exempt Bond for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Tax Exempt Bond help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains most of the assets in different exotic instruments. |
- Analyzing Tax-exempt Bond'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 Tax-exempt Bond's stock is overvalued or undervalued compared to its peers.
- Examining Tax-exempt Bond'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 Tax-exempt Bond's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Tax-exempt Bond's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Tax-exempt Bond's mutual fund. These opinions can provide insight into Tax-exempt Bond's potential for growth and whether the stock is currently undervalued or overvalued.
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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