National Tax Net Asset vs. Price To Earning
| CFNLX Fund | USD 18.82 0.02 0.11% |
For National Tax profitability analysis, we use financial ratios and fundamental drivers that measure the ability of National Tax to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well The National Tax Free utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between National Tax's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of The National Tax Free over time as well as its relative position and ranking within its peers.
National |
National Tax Price To Earning vs. Net Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining National Tax's current stock value. Our valuation model uses many indicators to compare National Tax value to that of its competitors to determine the firm's financial worth. The National Tax Free is second largest fund in net asset among similar funds. It is the top fund in price to earning among similar funds . The ratio of Net Asset to Price To Earning for The National Tax Free is about 53,844,729 . 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 National Tax's earnings, one of the primary drivers of an investment's value.National Price To Earning vs. Net Asset
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
National Tax |
| = | 377.99 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
National Tax |
| = | 7.02 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
National Price To Earning Comparison
National Tax is currently under evaluation in price to earning among similar funds.
National Tax Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in National Tax, profitability is also one of the essential criteria for including it into their portfolios because, without profit, National Tax will eventually generate negative long term returns. The profitability progress is the general direction of National Tax's change in net profit over the period of time. It can combine multiple indicators of National 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 normally invests at least 80 percent of its net assets plus any borrowings for investment purposes, in municipal bonds issued by or on behalf of the states, territories and possessions of the United States, the District of Columbia and their respective authorities, agencies, instrumentalities and political subdivisions, the income from which, in the opinion of bond counsel, is exempt from regular federal income and federal alternative minimum taxes. It may invest up to 10 percent of its total assets in such unrated securities.
National Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on National 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 National 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 National Tax's important profitability drivers and their relationship over time.
Use National 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 National 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 National Tax will appreciate offsetting losses from the drop in the long position's value.National Tax Pair Trading
The National Tax Free Pair Trading Analysis
The ability to find closely correlated positions to National 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 National 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 National 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 The National Tax Free to buy it.
The correlation of National 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 National Tax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Tax 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 National 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 National Tax position
In addition to having National 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 Energy Funds Thematic Idea Now
Energy Funds
Funds or Etfs investing in energy sector, natural resources, and ecology. The Energy Funds theme has 47 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 Energy Funds Theme or any other thematic opportunities.
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Other Information on Investing in National Mutual Fund
To fully project National Tax's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of National Tax 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 National Tax's income statement, its balance sheet, and the statement of cash flows.
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