Robert Davidson - Diversified Municipal Fund Manager
| AIDAX Fund | USD 13.79 0.02 0.15% |
R. B. Davidson III joined the firm as Director of Municipal Bonds in 1992. He is Chairman of the TaxExempt Fixed Income Investment Policy Group and a member of the Taxable Fixed Income Investment Policy Group. Davidson also serves on the partnership committee at AB. Before joining the firm, he was vice president and head of municipal strategies at J.P. Morgan Securities and an associate economist at Lehman Brothers. He is the author of The Value of Tax Management for Bond Portfolios, published in The Journal of Private Portfolio Management, Spring 1999 Maximizing Expected AfterTax Returns, published by Probus in 1994 in the Handbook of Municipal Bonds and Analyzing Quality Spreads, published in The Municipal Finance Journal in 1991. Davidson was named to the Institutional Investors AllAmerica Research Team in 1992. He earned a BA with honors from Wesleyan University and an MBA from the New York University Stern School of Business. Location New York
| Phone | 800-227-4618 |
Diversified Municipal Management Performance (%)
Similar Money Managers
| Found 3 records | One Year Return | ||
| Ben Barber | Goldman Sachs Short | N/A | |
| Adam Ferguson | Vanguard Limited Term Tax Exemp | N/A | |
| Justin Schwartz | Vanguard Short Term Tax Exempt | N/A | |
Diversified Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is Diversified Municipal a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Total Asset | 222.89 M | |||
| Annual Yield | 0 % | |||
| Year To Date Return | 0.21 % | |||
| One Year Return | 2.63 % | |||
| Three Year Return | (0.46) % | |||
| Five Year Return | 1.28 % | |||
| Ten Year Return | 2.16 % | |||
| Net Asset | 5.21 B | |||
| Last Dividend Paid | 0.02 | |||
| Cash Position Weight | 0.79 % |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Diversified Municipal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Diversified Municipal's short interest history, or implied volatility extrapolated from Diversified Municipal options trading.
Pair Trading with Diversified Municipal
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 Diversified Municipal 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 Diversified Municipal will appreciate offsetting losses from the drop in the long position's value.Moving together with Diversified Mutual Fund
| 0.66 | ANAZX | Ab Global Bond | PairCorr |
The ability to find closely correlated positions to Diversified Municipal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diversified Municipal 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 Diversified Municipal - 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 Diversified Municipal Portfolio to buy it.
The correlation of Diversified Municipal 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 Diversified Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diversified Municipal 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 Diversified Municipal 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Diversified Municipal Portfolio. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Diversified Municipal information on this page should be used as a complementary analysis to other Diversified Municipal's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.