Hawaiian Tax-free Net Asset vs. One Year Return
| HULFX Fund | USD 10.57 0.01 0.09% |
For Hawaiian Tax-free profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hawaiian Tax-free to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hawaiian Tax Free Trust utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hawaiian Tax-free's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hawaiian Tax Free Trust over time as well as its relative position and ranking within its peers.
Hawaiian |
Hawaiian Tax Free One Year Return vs. Net Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hawaiian Tax-free's current stock value. Our valuation model uses many indicators to compare Hawaiian Tax-free value to that of its competitors to determine the firm's financial worth. Hawaiian Tax Free Trust is one of the top funds in net asset among similar funds. It also is one of the top funds in one year return among similar funds . The ratio of Net Asset to One Year Return for Hawaiian Tax Free Trust is about 138,049,577 . 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 Hawaiian Tax-free's earnings, one of the primary drivers of an investment's value.Hawaiian One Year Return 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.
Hawaiian Tax-free |
| = | 645.58 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.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Hawaiian Tax-free |
| = | 4.68 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Hawaiian One Year Return Comparison
Hawaiian Tax is currently under evaluation in one year return among similar funds.
Hawaiian Tax-free Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hawaiian Tax-free, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hawaiian Tax-free will eventually generate negative long term returns. The profitability progress is the general direction of Hawaiian Tax-free's change in net profit over the period of time. It can combine multiple indicators of Hawaiian Tax-free, 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.
Under normal circumstances, at least 80 percent of the funds assets will be invested in municipal obligations that pay interest exempt, in the opinion of bond counsel, from Hawaii State and regular Federal income taxes. The fund is non-diversified.
Hawaiian Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hawaiian Tax-free. 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 Hawaiian Tax-free 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 Hawaiian Tax-free's important profitability drivers and their relationship over time.
| Net Asset vs Annual Yield | ||
| Year To Date Return vs One Year Return | ||
| Net Asset vs Three Year Return | ||
| Five Year Return vs One Year Return | ||
| Net Asset vs Last Dividend Paid | ||
| Cash Position Weight vs One Year Return |
Use Hawaiian Tax-free 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 Hawaiian Tax-free 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 Hawaiian Tax-free will appreciate offsetting losses from the drop in the long position's value.Hawaiian Tax-free Pair Trading
Hawaiian Tax Free Trust Pair Trading Analysis
The ability to find closely correlated positions to Hawaiian Tax-free could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hawaiian Tax-free 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 Hawaiian Tax-free - 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 Hawaiian Tax Free Trust to buy it.
The correlation of Hawaiian Tax-free 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 Hawaiian Tax-free moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hawaiian 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 Hawaiian Tax-free 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 Hawaiian Tax-free position
In addition to having Hawaiian Tax-free 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 Petroleum and Natural Gas Thematic Idea Now
Petroleum and Natural Gas
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Petroleum and Natural Gas theme has 61 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 Petroleum and Natural Gas Theme or any other thematic opportunities.
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Other Information on Investing in Hawaiian Mutual Fund
To fully project Hawaiian Tax-free's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hawaiian 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 Hawaiian Tax-free's income statement, its balance sheet, and the statement of cash flows.
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