Tax-Exempt Mutual Fund Quote

TFEBX -  USA Fund  

USD 12.08  0.03  0.25%

Market Performance
0 of 100
Odds Of Distress
Less than 1
Tax-Exempt Bond is trading at 12.08 as of the 23rd of May 2022; that is 0.25 percent increase since the beginning of the trading day. The fund's open price was 12.05. Tax-Exempt Bond has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for The Tax-Exempt Bond are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of April 2022 and ending today, the 23rd of May 2022. Click here to learn more.
The investment seeks a high level of current income exempt from federal income tax, consistent with the preservation of capital. Tax-Exempt Bond is traded on NASDAQ Exchange in the United States. More on The Tax-Exempt Bond

Tax-Exempt Bond 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. Tax-Exempt Bond's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Tax-Exempt Bond or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Tax-Exempt Bond generated a negative expected return over the last 90 days
Tax-Exempt Bond is unlikely to experience financial distress in the next 2 years
The fund maintains most of the assets in different exotic instruments.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Tax-Exempt Bond's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
Startdate1st of October 2016
The Tax-Exempt Bond [TFEBX] is traded in USA and was established 23rd of May 2022. The fund is listed under Muni National Interm category and is part of American Funds family. Tax-Exempt Bond at this time has accumulated 26.89 B in assets with minimum initial investment of 0. , while the total return for the last 3 years was 3.59%.
Check Tax-Exempt Bond Probability Of Bankruptcy

Instrument Allocation

Tax-Exempt Bond Target Price Odds Analysis

What are Tax-Exempt Bond's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Tax-Exempt Bond jumping above the current price in 90 days from now is under 95%. The The Tax-Exempt Bond probability density function shows the probability of Tax-Exempt Bond mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon The Tax-Exempt Bond has a beta of -0.0152. This usually implies as returns on benchmark increase, returns on holding Tax-Exempt Bond are expected to decrease at a much lower rate. During the bear market, however, The Tax-Exempt Bond is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Tax-Exempt Bond is significantly underperforming DOW.
  Odds Below 12.08HorizonTargetOdds Above 12.08
5.64%90 days
Based on a normal probability distribution, the odds of Tax-Exempt Bond to move above the current price in 90 days from now is under 95 (This The Tax-Exempt Bond probability density function shows the probability of Tax-Exempt Mutual Fund to fall within a particular range of prices over 90 days) .

Tax-Exempt Bond Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Tax-Exempt Bond market risk premium is the additional return an investor will receive from holding Tax-Exempt Bond 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 Tax-Exempt Bond. 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 Tax-Exempt Bond's alpha and beta are two of the key measurements used to evaluate Tax-Exempt Bond's performance over the market, the standard measures of volatility play an important role as well.

Tax-Exempt Bond Against Markets

Picking the right benchmark for Tax-Exempt Bond 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 Tax-Exempt Bond 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 Tax-Exempt Bond is critical whether you are bullish or bearish towards The Tax-Exempt Bond at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tax-Exempt Bond without increasing your portfolio risk or giving up 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.

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Investing The Tax-Exempt Bond

You need to understand the risk of investing before taking a position in Tax-Exempt Bond. The danger of trading The Tax-Exempt Bond 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 Tax-Exempt Bond 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 Tax-Exempt Bond. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tax-Exempt Bond 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.
Additionally, take a look at World Market Map. Note that the Tax-Exempt Bond information on this page should be used as a complementary analysis to other Tax-Exempt Bond'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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for Tax-Exempt Mutual Fund analysis

When running Tax-Exempt Bond price analysis, check to measure Tax-Exempt Bond's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tax-Exempt Bond is operating at the current time. Most of Tax-Exempt Bond's value examination focuses on studying past and present price action to predict the probability of Tax-Exempt Bond's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Tax-Exempt Bond's price. Additionally, you may evaluate how the addition of Tax-Exempt Bond to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Tax-Exempt Bond's value and its price as these two are different measures arrived at by different means. Investors typically determine Tax-Exempt Bond value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tax-Exempt Bond's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.