Tax-exempt Fund Financials
| EXCAX Fund | USD 16.49 0.01 0.06% |
Tax-exempt |
Please note that past performance is not an indicator of the future performance of Tax-exempt Fund, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Tax-exempt Fund Fund Summary
Tax-exempt Fund competes with Eaton Vance, Eaton Vance, Eaton Vance, Parametric Modity, and Eaton Vance. The fund seeks to achieve its objectives by primarily investing in municipal bonds issued by the state of California and its agencies and municipalities. It may also invest in municipal securities that are issued by jurisdictions outside California. The fund will invest at least 80 percent of its assets in, or derive at least 80 percent of its income from, securities that are exempt from both regular federal and California income taxes and that do not subject the investors to federal alternative minimum tax.Specialization | Muni California Long, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | American Funds Tax |
| Mutual Fund Family | Eaton Vance |
| Mutual Fund Category | Muni California Long |
| Benchmark | NYSE Composite |
| Phone | 800 421 4225 |
| Currency | USD - US Dollar |
Tax-exempt Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Tax-exempt Fund's current stock value. Our valuation model uses many indicators to compare Tax-exempt Fund value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Tax-exempt Fund competition to find correlations between indicators driving Tax-exempt Fund's intrinsic value. More Info.Tax Exempt Fund Of is one of the top funds in annual yield among similar funds. It is one of the top funds in year to date return among similar funds creating about 102.29 of Year To Date Return per Annual Yield. Comparative valuation analysis is a catch-all model that can be used if you cannot value Tax-exempt Fund by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Tax-exempt Fund's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 Tax-exempt Fund's earnings, one of the primary drivers of an investment's value.Tax Exempt Fund Systematic Risk
Tax-exempt Fund's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Tax-exempt Fund volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Tax Exempt Fund correlated with the market. If Beta is less than 0 Tax-exempt Fund generally moves in the opposite direction as compared to the market. If Tax-exempt Fund Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Tax Exempt Fund is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Tax-exempt Fund is generally in the same direction as the market. If Beta > 1 Tax-exempt Fund moves generally in the same direction as, but more than the movement of the benchmark.
Tax-exempt Fund April 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Tax-exempt Fund help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Tax Exempt Fund Of. We use our internally-developed statistical techniques to arrive at the intrinsic value of Tax Exempt Fund Of based on widely used predictive technical indicators. In general, we focus on analyzing Tax-exempt Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Tax-exempt Fund's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.2432 | |||
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.2 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.2424 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Tax Exempt Fund Of. 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 Tax Exempt Fund information on this page should be used as a complementary analysis to other Tax-exempt Fund'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.