Old Westbury Municipal Fund Quote
| OWMBX Fund | USD 11.43 0.01 0.09% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Old Westbury is trading at 11.43 as of the 25th of April 2024; that is 0.09 percent increase since the beginning of the trading day. The fund's open price was 11.42. Old Westbury 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 Old Westbury Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of May 2022 and ending today, the 25th of April 2024. Click here to learn more.
The fund invests at least 80 percent of its net assets plus investment borrowings in investments the income from which is exempt from federal income tax, but not necessarily the federal alternative minimum tax. The fund invests, as a non-fundamental policy, at least 80 percent of its net assets, plus borrowings for investment purposes, in municipal bonds.. More on Old Westbury Municipal
Moving together with Old Mutual Fund
| 0.99 | OWCAX | Old Westbury California | PairCorr |
| 0.7 | OWCIX | Old Westbury Credit | PairCorr |
| 0.68 | OWFIX | Old Westbury Fixed | PairCorr |
| 0.9 | OWNYX | Old Westbury New | PairCorr |
Old 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. Old Westbury's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Old Westbury or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Fund Concentration | Old Westbury Funds, Muni National Interm Funds, Money Market Funds, Munis Funds, Market Neutral Funds, Muni National Interm, Old Westbury, Muni National Interm, Muni Mid Term Bond Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
Old Westbury Municipal [OWMBX] is traded in USA and was established 25th of April 2024. Old Westbury is listed under Old Westbury category by Fama And French industry classification. The fund is listed under Muni National Interm category and is part of Old Westbury family. The entity is thematically classified as Money Market Funds. This fund now has accumulated 2.3 B in assets with minimum initial investment of 1 K. Old Westbury Municipal is currently producing year-to-date (YTD) return of 4.02% with the current yeild of 0.01%, while the total return for the last 3 years was -1.04%.
Check Old Westbury Probability Of Bankruptcy
Instrument Allocation
Top Old Westbury Municipal Mutual Fund Constituents
| TCGXX | Sei Daily Income | Money Market Fund | US Money Market Fund |
Old Westbury Target Price Odds Analysis
Based on a normal probability distribution, the odds of Old Westbury jumping above the current price in 90 days from now is over 95.19%. The Old Westbury Municipal probability density function shows the probability of Old Westbury mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Old Westbury Municipal has a beta of -0.0097. This indicates as returns on the benchmark increase, returns on holding Old Westbury are expected to decrease at a much lower rate. During a bear market, however, Old Westbury Municipal is likely to outperform the market. Additionally, old Westbury Municipal 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 Old Westbury to move above the current price in 90 days from now is over 95.19 (This Old Westbury Municipal probability density function shows the probability of Old Mutual Fund to fall within a particular range of prices over 90 days) .
Old Westbury Municipal Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Old Westbury market risk premium is the additional return an investor will receive from holding Old Westbury 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 Old Westbury. 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 Old Westbury's alpha and beta are two of the key measurements used to evaluate Old Westbury's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1112 | |||
| Standard Deviation | 0.1815 | |||
| Variance | 0.033 | |||
| Risk Adjusted Performance | (0.06) |
Old Westbury Against Markets
Picking the right benchmark for Old Westbury 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 Old Westbury 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 Old Westbury is critical whether you are bullish or bearish towards Old Westbury Municipal at a given time. Please also check how Old Westbury'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 Old Westbury 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?
Run Piotroski F Score Now
Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
| All Next | Launch Module |
How to buy Old Mutual Fund?
Before investing in Old Westbury, 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 Old Westbury. To buy Old Westbury fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Old Westbury. 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 Old Westbury fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Old Westbury Municipal 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 Old Westbury Municipal 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 Old Westbury Municipal, 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 Old Westbury Municipal?
The danger of trading Old Westbury Municipal 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 Old Westbury 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 Old Westbury. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Old Westbury 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Westbury Municipal. 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 bureau of labor statistics. Note that the Old Westbury Municipal information on this page should be used as a complementary analysis to other Old Westbury'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.