Brent Schowe - Missouri Tax Fund Manager
| CFMOX Fund | USD 18.43 0.01 0.05% |
Brent L. Schowe, CFA, Senior Vice President Joined Commerce Investment Advisors, Inc. in 1999
| Phone | 800-995-6365 |
Missouri Tax Management Performance (%)
Similar Money Managers
| Found 4 records | One Year Return | ||
| Cynthia Clemson | Eaton Vance Missouri | N/A | |
| Scott Colbert | The Bond Fund | N/A | |
| Jay Compson | Absolute Strategies Fund | N/A | |
| Carrie Higgins | Franklin Missouri Tax Free | N/A | |
Missouri 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 Missouri Tax 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.
| Price To Earning | 7.02 X | ||||
| Price To Book | 6.68 X | ||||
| Price To Sales | 0.94 X | ||||
| Annual Yield | 0 % | ||||
| Year To Date Return | 0.1 % | ||||
| One Year Return | 1.63 % | ||||
| Three Year Return | (1.11) % | ||||
| Five Year Return | 0.87 % | ||||
| Ten Year Return | 3.27 % | ||||
| Net Asset | 273.33 M |
Pair Trading with Missouri Tax
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 Missouri Tax 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 Missouri Tax will appreciate offsetting losses from the drop in the long position's value.Moving together with Missouri Mutual Fund
| 0.99 | KTXIX | Kansas Tax | PairCorr |
| 0.65 | CFBNX | Bond Fund | PairCorr |
Moving against Missouri Mutual Fund
| 0.54 | PQTAX | Pimco Trends Managed | PairCorr |
| 0.45 | GPMFX | Guidepath Managed Futures | PairCorr |
The ability to find closely correlated positions to Missouri Tax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Missouri Tax 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 Missouri Tax - 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 The Missouri Tax Free to buy it.
The correlation of Missouri Tax 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 Missouri Tax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Missouri 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 Missouri Tax 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 The Missouri Tax Free. 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 persons. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.