Tax Exempt High Yield Fund Buy Hold or Sell Recommendation
| RTHAX Fund | USD 9.78 0.03 0.31% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Tax Exempt High Yield is 'Cautious Hold'. Macroaxis provides Tax-exempt High buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding RTHAX positions. The advice algorithm takes into account all of Tax-exempt High's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Tax-exempt High's buy or sell advice are summarized below:
Real Value 9.78 | Hype Value 9.78 | Market Value 9.78 | Naive Value 9.69 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Tax Exempt High Yield given historical horizon and risk tolerance towards Tax-exempt High. When Macroaxis issues a 'buy' or 'sell' recommendation for Tax Exempt High Yield, the advice is generated through an automated system that utilizes algorithms and statistical models.
Tax-exempt |
Execute Tax-exempt High Buy or Sell Advice
The Tax-exempt recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Tax Exempt High Yield. Macroaxis does not own or have any residual interests in Tax Exempt High Yield or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Tax-exempt High's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details |
Tax-exempt High Trading Alerts and Improvement Suggestions
| Tax Exempt High generated a negative expected return over the last 90 days | |
| The fund generated three year return of -2.0% | |
| Tax Exempt High maintains about 6.63% of its assets in bonds |
Tax-exempt High Returns Distribution Density
The distribution of Tax-exempt High's historical returns is an attempt to chart the uncertainty of Tax-exempt High's future price movements. The chart of the probability distribution of Tax-exempt High daily returns describes the distribution of returns around its average expected value. We use Tax Exempt High Yield price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Tax-exempt High returns is essential to provide solid investment advice for Tax-exempt High.
| Mean Return | -0.0063 | Value At Risk | -0.31 | Potential Upside | 0.31 | Standard Deviation | 0.19 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Tax-exempt High historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Tax-exempt High Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Tax-exempt High or Russell sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Tax-exempt High's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Tax-exempt fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.02 | |
β | Beta against NYSE Composite | 0.08 | |
σ | Overall volatility | 0.19 | |
Ir | Information ratio | -0.13 |
Tax-exempt High Volatility Alert
Tax Exempt High Yield exhibits very low volatility with skewness of -0.51 and kurtosis of 2.33. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Tax-exempt High's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Tax-exempt High's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Tax-exempt High Fundamentals Vs Peers
Comparing Tax-exempt High's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Tax-exempt High's direct or indirect competition across all of the common fundamentals between Tax-exempt High and the related equities. This way, we can detect undervalued stocks with similar characteristics as Tax-exempt High or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Tax-exempt High's fundamental indicators could also be used in its relative valuation, which is a method of valuing Tax-exempt High by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Tax-exempt High to competition |
| Fundamentals | Tax-exempt High | Peer Average |
| Annual Yield | 0 % | 0.29 % |
| Year To Date Return | 0.59 % | 0.39 % |
| One Year Return | 5.38 % | 4.15 % |
| Three Year Return | (1.68) % | 3.60 % |
| Five Year Return | 1.22 % | 3.24 % |
| Net Asset | 752.64 M | 4.11 B |
| Last Dividend Paid | 0.03 | 0.65 |
| Cash Position Weight | 2.82 % | 10.61 % |
| Bond Positions Weight | 6.63 % | 11.24 % |
Tax-exempt High Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Tax-exempt . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 9.78 | |||
| Day Typical Price | 9.78 | |||
| Price Action Indicator | 0.015 | |||
| Period Momentum Indicator | 0.03 | |||
| Relative Strength Index | 47.58 |
About Tax-exempt High Buy or Sell Advice
When is the right time to buy or sell Tax Exempt High Yield? Buying financial instruments such as Tax-exempt Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Other Information on Investing in Tax-exempt Mutual Fund
Tax-exempt High financial ratios help investors to determine whether Tax-exempt 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-exempt with respect to the benefits of owning Tax-exempt High security.
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