Virginia Bond Fund Quote

UVABX Fund  USD 10.48  0.02  0.19%   

Performance

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Odds Of Distress

Less than 44

 
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Virginia Bond is trading at 10.48 as of the 28th of March 2024; that is -0.19 percent decrease since the beginning of the trading day. The fund's open price was 10.5. Virginia Bond has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Virginia Bond Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
The fund invests primarily in long-term investment-grade securities issued by the Commonwealth of Virginia, its political subdivisions, instrumentalities, and by other government entities, the interest on which is excludable from gross income for federal income tax and Virginia state income tax purposes. More on Virginia Bond Fund

Moving together with Virginia Mutual Fund

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Virginia 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. Virginia Bond's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Virginia Bond or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationVictory Capital Funds, Large Funds, Muni Single State Interm Funds, Muni Single State Interm, Victory Capital (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date1st of August 2019
Fiscal Year EndMarch
Virginia Bond Fund [UVABX] is traded in USA and was established 28th of March 2024. Virginia Bond is listed under Victory Capital category by Fama And French industry classification. The fund is listed under Muni Single State Interm category and is part of Victory Capital family. This fund at this time has accumulated 706.44 M in net assets with minimum initial investment of 2.5 K. Virginia Bond Fund is currently producing year-to-date (YTD) return of 0.09% with the current yeild of 0.0%, while the total return for the last 3 years was -0.75%.
Check Virginia Bond Probability Of Bankruptcy

Instrument Allocation

Virginia Bond Target Price Odds Analysis

Based on a normal probability distribution, the odds of Virginia Bond jumping above the current price in 90 days from now is about 27.54%. The Virginia Bond Fund probability density function shows the probability of Virginia Bond mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Virginia Bond Fund has a beta of -0.0091. This usually implies as returns on benchmark increase, returns on holding Virginia Bond are expected to decrease at a much lower rate. During the bear market, however, Virginia Bond Fund is likely to outperform the market. Additionally, virginia Bond Fund has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 10.48HorizonTargetOdds Above 10.48
70.69%90 days
 10.48 
27.54%
Based on a normal probability distribution, the odds of Virginia Bond to move above the current price in 90 days from now is about 27.54 (This Virginia Bond Fund probability density function shows the probability of Virginia Mutual Fund to fall within a particular range of prices over 90 days) .

Virginia Bond Fund Risk Profiles

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

Virginia Bond Against Markets

Picking the right benchmark for Virginia 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 Virginia 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 Virginia Bond is critical whether you are bullish or bearish towards Virginia Bond Fund at a given time. Please also check how Virginia Bond'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 Virginia Bond 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.

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How to buy Virginia Mutual Fund?

Before investing in Virginia Bond, 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 Virginia Bond. To buy Virginia Bond fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Virginia Bond. 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 Virginia Bond fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Virginia Bond Fund 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 Virginia Bond Fund 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 Virginia Bond Fund, 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 Virginia Bond Fund?

The danger of trading Virginia Bond Fund 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 Virginia 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 Virginia Bond. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Virginia Bond Fund 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Virginia Bond Fund. 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 Virginia Bond Fund information on this page should be used as a complementary analysis to other Virginia 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 the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for Virginia Mutual Fund analysis

When running Virginia Bond's price analysis, check to measure Virginia 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 Virginia Bond is operating at the current time. Most of Virginia Bond's value examination focuses on studying past and present price action to predict the probability of Virginia Bond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Virginia Bond's price. Additionally, you may evaluate how the addition of Virginia Bond to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Virginia Bond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virginia Bond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virginia 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.