Tax Exempt Financials
| TECCX Fund | USD 16.54 0.01 0.06% |
Tax |
Please note that past performance is not an indicator of the future performance of Tax Exempt, 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 Summary
Tax Exempt competes with American Mutual, American Mutual, American Funds, American Funds, and Income Fund. 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 |
| ISIN | US02630B3078 |
| Business Address | American Funds Tax |
| Mutual Fund Family | American Funds |
| Mutual Fund Category | Muni California Long |
| Benchmark | NYSE Composite |
| Phone | 800 421 4225 |
| Currency | USD - US Dollar |
Tax Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Tax Exempt's current stock value. Our valuation model uses many indicators to compare Tax Exempt 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 competition to find correlations between indicators driving Tax Exempt's intrinsic value. More Info.Tax Exempt Fund Of is rated top fund in annual yield among similar funds. It is rated top fund in year to date return among similar funds creating about 1.13 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 by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Tax Exempt'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's earnings, one of the primary drivers of an investment's value.Tax Exempt Fund Systematic Risk
Tax Exempt's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Tax Exempt 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 twenty with a total number of output elements of fourty-one. 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 generally moves in the opposite direction as compared to the market. If Tax Exempt 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 is generally in the same direction as the market. If Beta > 1 Tax Exempt moves generally in the same direction as, but more than the movement of the benchmark.
Tax Exempt April 15, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Tax Exempt 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 Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Tax Exempt's daily price indicators and compare them against related drivers.
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 1.08 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.2405 |
Check out World Market Map 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 main economic indicators. Note that the Tax Exempt Fund information on this page should be used as a complementary analysis to other Tax Exempt'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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.