Kentucky Tax Free Income Fund Manager Performance Evaluation
| KYTFX Fund | USD 7.28 0.02 0.28% |
The fund secures a Beta (Market Risk) of -0.0685, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kentucky Tax-free are expected to decrease at a much lower rate. During the bear market, Kentucky Tax-free is likely to outperform the market.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Kentucky Tax Free Income are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong technical and fundamental indicators, Kentucky Tax-free is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 1st of November 2022 | |
| Expense Ratio | 0.6200 |
Kentucky |
Kentucky Tax-free Relative Risk vs. Return Landscape
If you would invest 722.00 in Kentucky Tax Free Income on September 3, 2024 and sell it today you would earn a total of 6.00 from holding Kentucky Tax Free Income or generate 0.83% return on investment over 90 days. Kentucky Tax Free Income is currently producing 0.0132% returns and takes up 0.2292% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Kentucky, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Kentucky Tax-free Current Valuation
Overvalued
Today
Please note that Kentucky Tax-free's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Kentucky Tax Free secures a last-minute Real Value of $7.12 per share. The latest price of the fund is $7.28. We determine the value of Kentucky Tax Free from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Kentucky Tax-free is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Kentucky Mutual Fund. However, Kentucky Tax-free's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 7.28 | Real 7.12 | Hype 7.28 | Naive 7.27 |
The intrinsic value of Kentucky Tax-free's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Kentucky Tax-free's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Kentucky Tax Free Income helps investors to forecast how Kentucky mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Kentucky Tax-free more accurately as focusing exclusively on Kentucky Tax-free's fundamentals will not take into account other important factors: Kentucky Tax-free Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kentucky Tax-free's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Kentucky Tax Free Income, and traders can use it to determine the average amount a Kentucky Tax-free's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0576
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | KYTFX |
Estimated Market Risk
| 0.23 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 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 Kentucky Tax-free 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 Kentucky Tax-free by adding it to a well-diversified portfolio.
Kentucky Tax-free Fundamentals Growth
Kentucky Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Kentucky Tax-free, and Kentucky Tax-free fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Kentucky Mutual Fund performance.
About Kentucky Tax-free Performance
Evaluating Kentucky Tax-free's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Kentucky Tax-free has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Kentucky Tax-free has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund seeks to provide a steady flow of tax-exempt income derived from Kentucky municipal securities of investment grade quality with a weighted average nominal maturity normally greater than 10 years. The interest earned on these securities, in the opinion of bond counsel for the issuer, is exempt from federal and state taxation in the state of Kentucky.Things to note about Kentucky Tax Free performance evaluation
Checking the ongoing alerts about Kentucky Tax-free for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Kentucky Tax Free help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -1.0% | |
| Kentucky Tax Free maintains about 99.83% of its assets in bonds |
- Analyzing Kentucky Tax-free's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Kentucky Tax-free's stock is overvalued or undervalued compared to its peers.
- Examining Kentucky Tax-free's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Kentucky Tax-free's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Kentucky Tax-free's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Kentucky Tax-free's mutual fund. These opinions can provide insight into Kentucky Tax-free's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Kentucky Mutual Fund
Kentucky Tax-free financial ratios help investors to determine whether Kentucky 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 Kentucky with respect to the benefits of owning Kentucky Tax-free security.
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