Tennessee Tax Free Income Fund Manager Performance Evaluation
| TNTIX Fund | USD 10.68 0.03 0.28% |
The entity has a beta of -0.0769, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tennessee Tax are expected to decrease at a much lower rate. During the bear market, Tennessee Tax 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 Tennessee Tax Free Income are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Tennessee Tax 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 November 2022 | |
| Expense Ratio | 0.8000 |
Tennessee |
Tennessee Tax Relative Risk vs. Return Landscape
If you would invest 1,058 in Tennessee Tax Free Income on August 31, 2024 and sell it today you would earn a total of 10.00 from holding Tennessee Tax Free Income or generate 0.95% return on investment over 90 days. Tennessee Tax Free Income is currently producing 0.0153% returns and takes up 0.2747% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Tennessee, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Tennessee Tax Current Valuation
Overvalued
Today
Please note that Tennessee Tax's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Tennessee Tax Free has a current Real Value of $10.38 per share. The regular price of the fund is $10.68. We determine the value of Tennessee Tax Free 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 Tennessee Tax is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Tennessee Mutual Fund. However, Tennessee Tax'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 10.68 | Real 10.38 | Hype 10.68 |
The intrinsic value of Tennessee Tax'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 Tennessee Tax'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 Tennessee Tax Free Income helps investors to forecast how Tennessee 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 Tennessee Tax more accurately as focusing exclusively on Tennessee Tax's fundamentals will not take into account other important factors: Tennessee Tax Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tennessee Tax's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Tennessee Tax Free Income, and traders can use it to determine the average amount a Tennessee Tax'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 = 0.0557
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TNTIX |
Estimated Market Risk
| 0.27 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
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Tennessee Tax 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 Tennessee Tax by adding it to a well-diversified portfolio.
Tennessee Tax Fundamentals Growth
Tennessee Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Tennessee Tax, and Tennessee Tax 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 Tennessee Mutual Fund performance.
About Tennessee Tax Performance
Evaluating Tennessee Tax's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Tennessee Tax 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 Tennessee Tax 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 funds assets will be invested so that at least 80 percent of the income will be exempt from Federal income taxes and Tennessee income taxes or it will have at least 80 percent of its net assets invested in securities exempt from Federal income taxes and Tennessee income taxes .Things to note about Tennessee Tax Free performance evaluation
Checking the ongoing alerts about Tennessee Tax for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Tennessee 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 0.0% | |
| Tennessee Tax Free maintains about 100.0% of its assets in bonds |
- Analyzing Tennessee Tax'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 Tennessee Tax's stock is overvalued or undervalued compared to its peers.
- Examining Tennessee Tax'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 Tennessee Tax's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Tennessee Tax's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Tennessee Tax's mutual fund. These opinions can provide insight into Tennessee Tax's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Tennessee Mutual Fund
Tennessee Tax financial ratios help investors to determine whether Tennessee 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 Tennessee with respect to the benefits of owning Tennessee Tax security.
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