Tax-exempt Fund Five Year Return vs. Year To Date Return
| EXCAX Fund | USD 16.95 0.03 0.18% |
For Tax-exempt Fund profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tax-exempt Fund to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tax Exempt Fund Of utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tax-exempt Fund's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tax Exempt Fund Of over time as well as its relative position and ranking within its peers.
Tax-exempt |
Tax Exempt Fund Year To Date Return vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tax-exempt Fund's current stock value. Our valuation model uses many indicators to compare Tax-exempt Fund value to that of its competitors to determine the firm's financial worth. Tax Exempt Fund Of is one of the top funds in five year return among similar funds. It also is one of the top funds in year to date return among similar funds creating about 2.15 of Year To Date Return per Five Year Return. 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 Tax-exempt Fund's earnings, one of the primary drivers of an investment's value.Tax-exempt Year To Date Return vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Tax-exempt Fund |
| = | 1.48 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Tax-exempt Fund |
| = | 3.18 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Tax-exempt Year To Date Return Comparison
Tax Exempt is currently under evaluation in year to date return among similar funds.
Tax-exempt Fund Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tax-exempt Fund, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tax-exempt Fund will eventually generate negative long term returns. The profitability progress is the general direction of Tax-exempt Fund's change in net profit over the period of time. It can combine multiple indicators of Tax-exempt Fund, 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 seeks to achieve its objectives by primarily investing in municipal bonds issued by the state of California and its agencies and municipalities. It may also invest in municipal securities that are issued by jurisdictions outside California. The fund will invest at least 80 percent of its assets in, or derive at least 80 percent of its income from, securities that are exempt from both regular federal and California income taxes and that do not subject the investors to federal alternative minimum tax.
Tax-exempt Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tax-exempt Fund. 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 Tax-exempt Fund 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 Tax-exempt Fund's important profitability drivers and their relationship over time.
Use Tax-exempt Fund 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 Tax-exempt Fund 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 Tax-exempt Fund will appreciate offsetting losses from the drop in the long position's value.Tax-exempt Fund Pair Trading
Tax Exempt Fund Of Pair Trading Analysis
The ability to find closely correlated positions to Tax-exempt Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tax-exempt Fund 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 Tax-exempt Fund - 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 Tax Exempt Fund Of to buy it.
The correlation of Tax-exempt Fund 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 Tax-exempt Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tax Exempt Fund 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 Tax-exempt Fund 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 Tax-exempt Fund position
In addition to having Tax-exempt Fund 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 Utilities - Regulated Electric Thematic Idea Now
Utilities - Regulated Electric
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities - Regulated Electric theme has 7 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 Utilities - Regulated Electric Theme or any other thematic opportunities.
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Other Information on Investing in Tax-exempt Mutual Fund
To fully project Tax-exempt Fund's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tax Exempt Fund 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 Tax-exempt Fund's income statement, its balance sheet, and the statement of cash flows.
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