Diversified Municipal Portfolio Fund Quote
| AIDAX Fund | USD 13.79 0.02 0.15% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Diversified Municipal is trading at 13.79 as of the 24th of April 2024; that is 0.15% increase since the beginning of the trading day. The fund's open price was 13.77. Diversified Municipal has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Diversified Municipal Portfolio are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
The fund invests at least 80 percent of its net assets in municipal securities. It invests at least 80 percent of its total assets in municipal securities rated A, or better by NRSROs and comparably rated municipal notes. More on Diversified Municipal Portfolio
Moving together with Diversified Mutual Fund
| 0.66 | ANAZX | Ab Global Bond | PairCorr |
| 0.74 | ANAYX | Ab Global Bond | PairCorr |
| 0.73 | ANAGX | Ab Global Bond | PairCorr |
Diversified Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Diversified Municipal's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Diversified Municipal or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | AllianceBernstein Funds, Large Funds, Muni National Short Funds, Muni National Short, AllianceBernstein (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 27th of January 2023 |
| Fiscal Year End | September |
Diversified Municipal Portfolio [AIDAX] is traded in USA and was established 24th of April 2024. Diversified Municipal is listed under AllianceBernstein category by Fama And French industry classification. The fund is listed under Muni National Short category and is part of AllianceBernstein family. This fund presently has accumulated 5.21 B in assets under management (AUM) with no minimum investment requirementsDiversified Municipal is currently producing year-to-date (YTD) return of 0.21% with the current yeild of 0.0%, while the total return for the last 3 years was -0.46%.
Check Diversified Municipal Probability Of Bankruptcy
Instrument Allocation
Diversified Municipal Target Price Odds Analysis
Based on a normal probability distribution, the odds of Diversified Municipal jumping above the current price in 90 days from now is over 95.42%. The Diversified Municipal Portfolio probability density function shows the probability of Diversified Municipal mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Diversified Municipal has a beta of 0.0041. This suggests as returns on the market go up, Diversified Municipal average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Diversified Municipal Portfolio will be expected to be much smaller as well. Additionally, diversified Municipal Portfolio has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Diversified Municipal to move above the current price in 90 days from now is over 95.42 (This Diversified Municipal Portfolio probability density function shows the probability of Diversified Mutual Fund to fall within a particular range of prices over 90 days) .
Diversified Municipal Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Diversified Municipal market risk premium is the additional return an investor will receive from holding Diversified Municipal long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Diversified Municipal. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Diversified Municipal's alpha and beta are two of the key measurements used to evaluate Diversified Municipal's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.0775 | |||
| Standard Deviation | 0.1187 | |||
| Variance | 0.0141 | |||
| Risk Adjusted Performance | (0.05) |
Diversified Municipal Against Markets
Picking the right benchmark for Diversified Municipal mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Diversified Municipal mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Diversified Municipal is critical whether you are bullish or bearish towards Diversified Municipal Portfolio at a given time. Please also check how Diversified Municipal's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Diversified Municipal without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Diversified Mutual Fund?
Before investing in Diversified Municipal, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Diversified Municipal. To buy Diversified Municipal fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Diversified Municipal. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Diversified Municipal fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Diversified Municipal Portfolio fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Diversified Municipal Portfolio fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Diversified Municipal Portfolio, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Diversified Municipal Portfolio?
The danger of trading Diversified Municipal Portfolio is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Diversified Municipal is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Diversified Municipal. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Diversified Municipal is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.