Viking Tax Free Fund Manager Performance Evaluation
| VNDFX Fund | USD 8.92 0.02 0.22% |
The entity has a beta of 0.0445, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Viking Tax-free's returns are expected to increase less than the market. However, during the bear market, the loss of holding Viking Tax-free is expected to be smaller as well.
Risk-Adjusted Performance
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Weak | Strong |
Very Weak
Over the last 90 days Viking Tax Free Fund has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical and fundamental indicators, Viking 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 | 30th of November 2022 | |
| Expense Ratio | 0.9800 |
Viking |
Viking Tax-free Relative Risk vs. Return Landscape
If you would invest 897.00 in Viking Tax Free Fund on August 25, 2024 and sell it today you would lose (5.00) from holding Viking Tax Free Fund or give up 0.56% of portfolio value over 90 days. Viking Tax Free Fund is currently producing negative expected returns and takes up 0.2902% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Viking, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Viking Tax-free Current Valuation
Fairly Valued
Today
Please note that Viking Tax-free's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Viking Tax Free has a current Real Value of $8.92 per share. The regular price of the fund is $8.92. We determine the value of Viking 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 Viking Tax-free is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Viking Mutual Fund. However, Viking 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 8.92 | Real 8.92 | Hype 8.92 | Naive 8.94 |
The intrinsic value of Viking 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 Viking 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 Viking Tax Free Fund helps investors to forecast how Viking 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 Viking Tax-free more accurately as focusing exclusively on Viking Tax-free's fundamentals will not take into account other important factors: Viking Tax-free Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viking Tax-free's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Viking Tax Free Fund, and traders can use it to determine the average amount a Viking 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 = -0.0282
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | VNDFX |
Estimated Market Risk
| 0.29 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Viking Tax-free 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 Viking Tax-free by adding Viking Tax-free to a well-diversified portfolio.
Viking Tax-free Fundamentals Growth
Viking Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Viking Tax-free, and Viking 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 Viking Mutual Fund performance.
| Total Asset | 22.56 M | ||||
About Viking Tax-free Performance
Evaluating Viking Tax-free's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Viking 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 Viking 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.
To pursue its objective, the fund normally invests at least 80 percent of its net assets in municipal securities that pay interest free from federal income taxes, including the federal alternative minimum tax, and North Dakota personal income taxes. It is non-diversified.Things to note about Viking Tax Free performance evaluation
Checking the ongoing alerts about Viking Tax-free for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Viking Tax Free help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Viking Tax Free generated a negative expected return over the last 90 days | |
| Viking Tax Free generated five year return of -1.0% | |
| This fund keeps about 99.55% of its net assets in bonds |
- Analyzing Viking 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 Viking Tax-free's stock is overvalued or undervalued compared to its peers.
- Examining Viking 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 Viking Tax-free's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Viking Tax-free's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Viking Tax-free's mutual fund. These opinions can provide insight into Viking Tax-free's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Viking Mutual Fund
Viking Tax-free financial ratios help investors to determine whether Viking 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 Viking with respect to the benefits of owning Viking Tax-free security.
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