Elfun Tax Exempt Fund Price on October 29, 2024
| ELFTX Fund | USD 10.17 0.01 0.1% |
Below is the normalized historical share price chart for Elfun Tax Exempt extending back to May 15, 1986. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Elfun Tax stands at 10.17, as last reported on the 4th of December, with the highest price reaching 10.17 and the lowest price hitting 10.17 during the day.
If you're considering investing in Elfun Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Elfun Mutual Fund to be very steady. Elfun Tax Exempt secures Sharpe Ratio (or Efficiency) of 0.0594, which denotes the fund had a 0.0594% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Elfun Tax Exempt, which you can use to evaluate the volatility of the entity. Please confirm Elfun Tax's Coefficient Of Variation of 1325.55, downside deviation of 0.4198, and Mean Deviation of 0.1589 to check if the risk estimate we provide is consistent with the expected return of 0.0158%.
Elfun Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Elfun |
Sharpe Ratio = 0.0594
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ELFTX |
Estimated Market Risk
| 0.27 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Elfun Tax is performing at about 4% of its full potential. 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 Elfun Tax by adding it to a well-diversified portfolio.
Elfun Tax Valuation on October 29, 2024
It is possible to determine the worth of Elfun Tax on a given historical date. On October 29, 2024 Elfun was worth 9.97 at the beginning of the trading date compared to the closed value of 9.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elfun Tax mutual fund. Still, in general, we apply an absolute valuation method to find Elfun Tax's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Elfun Tax where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elfun Tax's related companies.
| Open | High | Low | Close | Volume | |
| 10.00 | 10.00 | 10.00 | 10.00 | 1.00 | |
10/29/2024 | 9.97 | 9.97 | 9.97 | 9.97 | 1.00 |
| 9.98 | 9.98 | 9.98 | 9.98 | 1.00 |
| Backtest Elfun Tax | | | Elfun Tax History | | | Elfun Tax Valuation | Previous | Next |
Elfun Tax Trading Date Momentum on October 29, 2024
| On October 30 2024 Elfun Tax Exempt was traded for 9.98 at the closing time. The highest daily price throughout the period was 9.98 and the lowest price was 9.98 . There was no trading activity during the period 1.0. Lack of trading volume on 10/30/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.10% . The overall trading delta to current closing price is 0.70% . |
Elfun Tax Exempt Fundamentals Correlations and Trends
By evaluating Elfun Tax's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Elfun Tax's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elfun financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elfun Tax Mutual Fund history
Elfun Tax investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Elfun is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elfun Tax Exempt will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Elfun Tax stock prices may prove useful in developing a viable investing in Elfun Tax
The fund invests primarily in investment-grade municipal obligations. At least 80 percent of the funds income is exempt from both regular federal income taxes and the federal alternative minimum tax. It will have an effective duration of 75 percent to 125 percent of the duration of the Bloomberg U.S. Municipal Bond Index. The fund also may invest to a lesser extent in tax-free or taxable money market instruments and may hold cash.
Elfun Tax Mutual Fund Technical Analysis
Elfun Tax technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Elfun Tax Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Elfun Tax Exempt cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Elfun Tax December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Elfun Tax mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elfun Tax shares will generate the highest return on investment. By undertsting and applying Elfun Tax mutual fund market strength indicators, traders can identify Elfun Tax Exempt entry and exit signals to maximize returns
Elfun Tax Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elfun Tax's price direction in advance. Along with the technical and fundamental analysis of Elfun Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elfun to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0385 | |||
| Jensen Alpha | 0.0211 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | (0.09) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Elfun Mutual Fund
Elfun Tax financial ratios help investors to determine whether Elfun 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 Elfun with respect to the benefits of owning Elfun Tax security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |