ALABAMA TAX Cash Position Weight vs. Annual Yield
| ALABX Etf | USD 12.58 0.08 0.63% |
For ALABAMA TAX profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ALABAMA TAX to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ALABAMA TAX FREE BOND utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ALABAMA TAX's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ALABAMA TAX FREE BOND over time as well as its relative position and ranking within its peers.
ALABAMA |
The market value of ALABAMA TAX FREE is measured differently than its book value, which is the value of ALABAMA that is recorded on the company's balance sheet. Investors also form their own opinion of ALABAMA TAX's value that differs from its market value or its book value, called intrinsic value, which is ALABAMA TAX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ALABAMA TAX's market value can be influenced by many factors that don't directly affect ALABAMA TAX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ALABAMA TAX's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALABAMA TAX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALABAMA TAX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ALABAMA TAX FREE Annual Yield vs. Cash Position Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ALABAMA TAX's current stock value. Our valuation model uses many indicators to compare ALABAMA TAX value to that of its competitors to determine the firm's financial worth. ALABAMA TAX FREE BOND is second largest ETF in cash position weight as compared to similar ETFs. It is rated below average in annual yield as compared to similar ETFs fabricating about 0.01 of Annual Yield per Cash Position Weight. The ratio of Cash Position Weight to Annual Yield for ALABAMA TAX FREE BOND is roughly 140.29 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ALABAMA TAX's earnings, one of the primary drivers of an investment's value.ALABAMA Annual Yield vs. Cash Position Weight
Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
ALABAMA TAX |
| = | 1.95 % |
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
ALABAMA TAX |
| = | 0.01 % |
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
ALABAMA Annual Yield Comparison
ALABAMA TAX is rated below average in annual yield as compared to similar ETFs.
ALABAMA TAX Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ALABAMA TAX, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ALABAMA TAX will eventually generate negative long term returns. The profitability progress is the general direction of ALABAMA TAX's change in net profit over the period of time. It can combine multiple indicators of ALABAMA TAX, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund pursues its investment objective by normally investing 60 percent of its assets in equity securities and 40 percent of its assets in fixed-income securities and cash equivalents. Equity securities in which the fund may invest include common stocks and preferred stocks. Its fixed-income investments may reflect a broad range of credit qualities and may include corporate debt securities, U.S. government obligations, agency mortgage-backed securities, asset-backed securities, and bank loans.
ALABAMA Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ALABAMA TAX. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ALABAMA TAX position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ALABAMA TAX's important profitability drivers and their relationship over time.
Use ALABAMA TAX in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ALABAMA TAX position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ALABAMA TAX will appreciate offsetting losses from the drop in the long position's value.ALABAMA TAX Pair Trading
ALABAMA TAX FREE BOND Pair Trading Analysis
The ability to find closely correlated positions to ALABAMA TAX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ALABAMA TAX when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ALABAMA TAX - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ALABAMA TAX FREE BOND to buy it.
The correlation of ALABAMA TAX is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ALABAMA TAX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ALABAMA TAX FREE moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ALABAMA TAX can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your ALABAMA TAX position
In addition to having ALABAMA TAX in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Basic Utilities Thematic Idea Now
Basic Utilities
Companies involved in production and distribution of electric, gas, water, and other energy utilities. The Basic Utilities theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Basic Utilities Theme or any other thematic opportunities.
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Other Information on Investing in ALABAMA Etf
To fully project ALABAMA TAX's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ALABAMA TAX FREE at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include ALABAMA TAX's income statement, its balance sheet, and the statement of cash flows.