Municipal Bond Portfolio Fund Quote
| SMBCX Fund | USD 8.49 0.01 0.12% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Municipal Bond is trading at 8.49 as of the 23rd of April 2024; that is -0.12 percent decrease since the beginning of the trading day. The fund's open price was 8.5. Municipal Bond 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 Municipal Bond Portfolio are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of May 2022 and ending today, the 23rd of April 2024. Click here to learn more.
The Portfolio is a fund of funds. The Portfolios main investment strategy is to invest in unaffiliated registered investment companies and ETFs . As a matter of fundamental policy, the Portfolio will normally invest at least 80 percent of its total assets in securities that pay interest exempt from federal income taxes. More on Municipal Bond Portfolio
Moving against Municipal Mutual Fund
| 0.57 | SBMBX | Energy Basic Materials | PairCorr |
Municipal 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. Municipal Bond's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Municipal Bond or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Saratoga Funds, Large Funds, Muni National Interm Funds, Muni National Interm, Saratoga (View all Sectors) |
| Update Date | 31st of March 2024 |
Municipal Bond Portfolio [SMBCX] is traded in USA and was established 23rd of April 2024. Municipal Bond is listed under Saratoga category by Fama And French industry classification. The fund is listed under Muni National Interm category and is part of Saratoga family. This fund at this time has accumulated 792.42 K in assets with no minimum investment requirementsMunicipal Bond Portfolio is currently producing year-to-date (YTD) return of 0.82% with the current yeild of 0.01%, while the total return for the last 3 years was -2.06%.
Check Municipal Bond Probability Of Bankruptcy
Instrument Allocation
Top Municipal Bond Portfolio Mutual Fund Constituents
| DEIXX | Dreyfus Tax Exempt | Money Market Fund | US Money Market Fund |
| FLOT | iShares Floating Rate | Etf | Ultrashort Bond |
| VWIUX | Vanguard Intermediate Term Tax Exempt | Mutual Fund | Muni National Interm |
| VWSUX | Vanguard Short Term Tax Exempt | Mutual Fund | Muni National Short |
| IGHG | ProShares Investment GradeInterest | Etf | Nontraditional Bond |
Municipal Bond Target Price Odds Analysis
Based on a normal probability distribution, the odds of Municipal Bond jumping above the current price in 90 days from now is about 99.0%. The Municipal Bond Portfolio probability density function shows the probability of Municipal Bond mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Municipal Bond Portfolio has a beta of -0.0339. This usually implies as returns on the benchmark increase, returns on holding Municipal Bond are expected to decrease at a much lower rate. During a bear market, however, Municipal Bond Portfolio is likely to outperform the market. Additionally, municipal Bond Portfolio 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 Municipal Bond to move above the current price in 90 days from now is about 99.0 (This Municipal Bond Portfolio probability density function shows the probability of Municipal Mutual Fund to fall within a particular range of prices over 90 days) .
Municipal Bond Portfolio Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Municipal Bond market risk premium is the additional return an investor will receive from holding Municipal 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 Municipal 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 Municipal Bond's alpha and beta are two of the key measurements used to evaluate Municipal Bond's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.0935 | |||
| Standard Deviation | 0.131 | |||
| Variance | 0.0172 | |||
| Risk Adjusted Performance | (0.11) |
Municipal Bond Against Markets
Picking the right benchmark for Municipal 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 Municipal 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 Municipal Bond is critical whether you are bullish or bearish towards Municipal Bond Portfolio at a given time. Please also check how Municipal 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 Municipal 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.Did you try this?
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How to buy Municipal Mutual Fund?
Before investing in Municipal 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 Municipal Bond. To buy Municipal Bond fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Municipal 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 Municipal Bond fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Municipal Bond Portfolio 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 Municipal Bond Portfolio 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 Municipal Bond Portfolio, 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 Municipal Bond Portfolio?
The danger of trading Municipal Bond Portfolio 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 Municipal 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 Municipal Bond. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Municipal Bond Portfolio 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 Municipal Bond Portfolio. 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 Municipal Bond Portfolio information on this page should be used as a complementary analysis to other Municipal 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.