Following a successful Financial Year 2023 - NEMETSCHEK
| TEFEX Fund | USD 16.66 0.01 0.06% |
Slightly above 56% of Tax Exempt's investor base is looking to short. The analysis of overall sentiment of trading Tax Exempt Fund Of mutual fund suggests that many investors are alarmed at this time. Tax Exempt's investing sentiment can be driven by a variety of factors including economic data, Tax Exempt's earnings reports, geopolitical events, and overall market trends.
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Following a successful Financial Year 2023 NEMETSCHEK
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Tax Exempt Fundamental Analysis
We analyze Tax Exempt's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tax Exempt using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tax Exempt based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Tax Exempt is currently under evaluation in probability of bankruptcy among similar funds. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Tax Exempt Fund Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tax Exempt mutual fund to make a market-neutral strategy. Peer analysis of Tax Exempt could also be used in its relative valuation, which is a method of valuing Tax Exempt by comparing valuation metrics with similar companies.
Peers
Tax Exempt Related Equities
| RNGGX | New Economy | 0.86 | ||||
| RNGHX | New Economy | 0.85 | ||||
| RNGFX | New Economy | 0.84 | ||||
| AMFCX | American Mutual | 0.81 | ||||
| AMFFX | American Mutual | 0.80 | ||||
| AMEFX | Income Fund | 0.49 | ||||
| RNCCX | American Funds | 0.37 | ||||
| RNEBX | New World | 0.34 | ||||
| AMECX | Income Fund | 0.12 | ||||
| FPPPX | American Funds | 0.11 |
Other Information on Investing in Tax Mutual Fund
Tax Exempt financial ratios help investors to determine whether Tax 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 Tax with respect to the benefits of owning Tax Exempt security.
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| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |