Maryland Tax Free Bond Fund Manager Performance Evaluation
| TFBIX Fund | USD 10.20 0.04 0.39% |
The fund secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Maryland Tax-free are expected to decrease at a much lower rate. During the bear market, Maryland Tax-free is likely to outperform the market.
Risk-Adjusted Performance
5 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Maryland Tax Free Bond are ranked lower than 5 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Maryland 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 | 0.4200 |
Maryland |
Maryland Tax-free Relative Risk vs. Return Landscape
If you would invest 1,009 in Maryland Tax Free Bond on August 28, 2024 and sell it today you would earn a total of 11.00 from holding Maryland Tax Free Bond or generate 1.09% return on investment over 90 days. Maryland Tax Free Bond is currently producing 0.0175% returns and takes up 0.261% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Maryland, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Maryland Tax-free Current Valuation
Overvalued
Today
Please note that Maryland Tax-free's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Maryland Tax Free secures a last-minute Real Value of $9.83 per share. The latest price of the fund is $10.2. We determine the value of Maryland 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 Maryland Tax-free is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Maryland Mutual Fund. However, Maryland 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 10.2 | Real 9.83 | Hype 10.2 | Naive 10.19 |
The intrinsic value of Maryland 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 Maryland 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 Maryland Tax Free Bond helps investors to forecast how Maryland 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 Maryland Tax-free more accurately as focusing exclusively on Maryland Tax-free's fundamentals will not take into account other important factors: Maryland Tax-free Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maryland Tax-free's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Maryland Tax Free Bond, and traders can use it to determine the average amount a Maryland 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 = 0.0672
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TFBIX |
Estimated Market Risk
| 0.26 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
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Maryland Tax-free is performing at about 5% 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 Maryland Tax-free by adding it to a well-diversified portfolio.
Maryland Tax-free Fundamentals Growth
Maryland Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Maryland Tax-free, and Maryland 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 Maryland Mutual Fund performance.
| Total Asset | 2.43 B | ||||
About Maryland Tax-free Performance
Evaluating Maryland Tax-free's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Maryland 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 Maryland 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 so that, under normal market conditions, at least 80 percent of its net assets are invested in bonds that pay interest exempt from federal and Maryland state and local income taxes, and at least 80 percent of the funds income is expected to be exempt from federal and Maryland state and local income taxes. It is non-diversified.Things to note about Maryland Tax Free performance evaluation
Checking the ongoing alerts about Maryland Tax-free for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Maryland 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 maintains most of the assets in different exotic instruments. |
- Analyzing Maryland 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 Maryland Tax-free's stock is overvalued or undervalued compared to its peers.
- Examining Maryland 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 Maryland Tax-free's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Maryland Tax-free's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Maryland Tax-free's mutual fund. These opinions can provide insight into Maryland Tax-free's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Maryland Mutual Fund
Maryland Tax-free financial ratios help investors to determine whether Maryland 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 Maryland with respect to the benefits of owning Maryland Tax-free security.
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| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |