The Kansas Financials
We advise to exercise The Kansas fundamental analysis to find out if markets are presently mispricing the entity. In other words you can harness it to find out if Kansas Tax is indeed mispriced or if you can make any profits on it by purchasing it and then waiting for the market to recognize its mistake and reprise the security. We were able to collect and analyze data for sixteen available drivers for The Kansas Tax Free, which can be compared to its competition.
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Please note that past performance is not an indicator of the future performance of The Kansas, 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.
The Kansas Fund Summary
The Kansas competes with The National, Missouri Tax, American Independence, Kansas Municipal, and Mfs Research. The fund normally invests at least 80 percent of its net assets plus any borrowings for investment purposes in Kansas municipal bonds, the income from which, in the opinion of bond counsel, is exempt from regular federal income taxes, federal alternative minimum taxes and Kansas taxes. Commerce Funds is traded on NASDAQ Exchange in the United States.Specialization | Muni Single State Interm, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US2006267866 |
| Business Address | Commerce Funds |
| Mutual Fund Family | Commerce |
| Mutual Fund Category | Muni Single State Interm |
| Benchmark | NYSE Composite |
| Phone | 800 995 6365 |
| Currency | USD - US Dollar |
You should never invest in The Kansas Tax Free without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of The Mutual Fund, because this is throwing your money away. Analyzing the key information contained in The Kansas' prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
The Kansas Key Financial Ratios
Generally speaking, The Kansas' financial ratios allow both analysts and investors to convert raw data from The Kansas' financial statements into concise, actionable information that can be used to evaluate the performance of The Kansas over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Kansas Tax reports annually and quarterly.The Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining The Kansas's current stock value. Our valuation model uses many indicators to compare The Kansas value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across The Kansas competition to find correlations between indicators driving The Kansas's intrinsic value. More Info.The Kansas Tax Free is currently considered the top fund in price to earning among similar funds. It is currently considered the top fund in price to book among similar funds fabricating about 0.95 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for The Kansas Tax Free is roughly 1.05 . Comparative valuation analysis is a catch-all model that can be used if you cannot value The Kansas by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for The Kansas' 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 The Kansas' earnings, one of the primary drivers of an investment's value.Kansas Tax Systematic Risk
The Kansas' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. The Kansas 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.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Kansas Tax correlated with the market. If Beta is less than 0 The Kansas generally moves in the opposite direction as compared to the market. If The Kansas Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Kansas Tax is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of The Kansas is generally in the same direction as the market. If Beta > 1 The Kansas moves generally in the same direction as, but more than the movement of the benchmark.
The Kansas April 23, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of The Kansas help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of The Kansas Tax Free. We use our internally-developed statistical techniques to arrive at the intrinsic value of The Kansas Tax Free based on widely used predictive technical indicators. In general, we focus on analyzing The Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build The Kansas's daily price indicators and compare them against related drivers.
| Information Ratio | (0.70) | |||
| Maximum Drawdown | 0.817 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.1645 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The Kansas 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 gross domestic product. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.