Intermediate-term Net Asset vs. Year To Date Return

TWTCX Fund  USD 10.87  0.01  0.09%   
Taking into consideration Intermediate-term's profitability measurements, Intermediate Term Tax Free Bond may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Intermediate-term's ability to earn profits and add value for shareholders.
For Intermediate-term profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Intermediate-term to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Intermediate Term Tax Free Bond utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Intermediate-term's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Intermediate Term Tax Free Bond over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Intermediate-term's value and its price as these two are different measures arrived at by different means. Investors typically determine if Intermediate-term is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Intermediate-term's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Intermediate Term Tax Year To Date Return vs. Net Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Intermediate-term's current stock value. Our valuation model uses many indicators to compare Intermediate-term value to that of its competitors to determine the firm's financial worth.
Intermediate Term Tax Free Bond is rated top fund in net asset among similar funds. It also is rated top fund in year to date return among similar funds . The ratio of Net Asset to Year To Date Return for Intermediate Term Tax Free Bond is about  2,015,976,076 . 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 Intermediate-term's earnings, one of the primary drivers of an investment's value.

Intermediate-term Year To Date 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.

Intermediate-term

Net Asset

 = 

Current Market Value

-

Current Liabilities

 = 
3.74 B
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.
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.

Intermediate-term

YTD Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
1.86 %
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.

Intermediate-term Year To Date Return Comparison

Intermediate Term is currently under evaluation in year to date return among similar funds.

Intermediate-term Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Intermediate-term, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Intermediate-term will eventually generate negative long term returns. The profitability progress is the general direction of Intermediate-term's change in net profit over the period of time. It can combine multiple indicators of Intermediate-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.
The fund primarily invests in investment-grade debt securities and, under normal market conditions, will invest at least 80 percent of its net assets in debt securities with interest payments exempt from federal income tax. The funds weighted average maturity will be not less than three years nor more than ten years. However, there is no maturity limit on individual securities. The portfolio managers also may buy investment-grade debt securities with interest payments exempt from regular federal income tax, but not exempt from the federal alternative minimum tax.

Intermediate-term Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Intermediate-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 Intermediate-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 Intermediate-term's important profitability drivers and their relationship over time.

Use Intermediate-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 Intermediate-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 Intermediate-term will appreciate offsetting losses from the drop in the long position's value.

Intermediate-term Pair Trading

Intermediate Term Tax Free Bond Pair Trading Analysis

The ability to find closely correlated positions to Intermediate-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 Intermediate-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 Intermediate-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 Intermediate Term Tax Free Bond to buy it.
The correlation of Intermediate-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 Intermediate-term moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intermediate 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 Intermediate-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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Intermediate-term position

In addition to having Intermediate-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 Obamacare Thematic Idea Now

Obamacare
Obamacare Theme
Health care services and providers including hospitals, clinics and nursing homes that hope to benefit from Obamacare program. The Obamacare theme has 37 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 Obamacare Theme or any other thematic opportunities.
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Other Information on Investing in Intermediate-term Mutual Fund

To fully project Intermediate-term's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Intermediate 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 Intermediate-term's income statement, its balance sheet, and the statement of cash flows.
Potential Intermediate-term investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Intermediate-term investors may work on each financial statement separately, they are all related. The changes in Intermediate-term's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Intermediate-term's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
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