Near Term Annual Yield vs. One Year Return
| NEARX Fund | USD 2.09 0.01 0.48% |
For Near Term profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Near Term to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Near Term Tax Free utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Near Term's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Near Term Tax Free over time as well as its relative position and ranking within its peers.
Near |
Near Term Tax One Year Return vs. Annual Yield Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Near Term's current stock value. Our valuation model uses many indicators to compare Near Term value to that of its competitors to determine the firm's financial worth. Near Term Tax Free is regarded third largest fund in annual yield among similar funds. It is regarded fifth largest fund in one year return among similar funds reporting about 5,258 of One Year Return per Annual Yield. 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 Near Term's earnings, one of the primary drivers of an investment's value.Near One Year Return vs. Annual Yield
Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Near Term |
| = | 0.0005 % |
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
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.
Near Term |
| = | 2.63 % |
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.
Near One Year Return Comparison
Near Term is regarded fourth largest fund in one year return among similar funds.
Near Term Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Near Term, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Near Term will eventually generate negative long term returns. The profitability progress is the general direction of Near Term's change in net profit over the period of time. It can combine multiple indicators of Near Term, 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 market conditions, the fund invests at least 80 percent of its net assets in investment grade municipal securities whose interest is free from federal income tax, including the federal alternative minimum tax. It will maintain a weighted-average portfolio maturity of five years or less. Although the advisor intends to invest the majority of its assets in tax free securities, the fund may invest up to 20 percent of its assets in securities that pay taxable interest.
Near Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Near Term. 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 Near Term 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 Near Term's important profitability drivers and their relationship over time.
Use Near Term 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 Near Term 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 Near Term will appreciate offsetting losses from the drop in the long position's value.Near Term Pair Trading
Near Term Tax Free Pair Trading Analysis
The ability to find closely correlated positions to Near Term could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Near Term 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 Near Term - 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 Near Term Tax Free to buy it.
The correlation of Near Term 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 Near Term moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Near Term Tax 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 Near Term 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 Near Term position
In addition to having Near Term 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 Apparel Thematic Idea Now
Apparel
Companies manufacturing textile accessories and apparel products. The Apparel theme has 42 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 Apparel Theme or any other thematic opportunities.
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Other Information on Investing in Near Mutual Fund
To fully project Near Term's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Near Term Tax 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 Near Term's income statement, its balance sheet, and the statement of cash flows.
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