Tax Free Conservative Fund Quote
| TFCYX Fund | USD 10.02 0.00 0.00% |
Performance17 of 100
| Odds Of DistressLess than 17
|
Tax Free is trading at 10.02 as of the 19th of April 2024; that is No Change since the beginning of the trading day. The fund's open price was 10.02. Tax Free has less than a 17 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Tax Free Conservative are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Under normal circumstances, the fund will invest at least 80 percent of its net assets in U.S. dollar-denominated municipal securities that the funds sub-adviser believes present minimal credit risks to the fund and that pay interest that is exempt from federal income taxes and is not taxable under the federal alternative minimum tax applicable to individuals.. More on Tax Free Conservative
Moving together with Tax Mutual Fund
| 0.85 | SAAAX | Simt Multi Asset | PairCorr |
| 0.81 | SRWAX | Saat Market Growth | PairCorr |
| 0.65 | SSCGX | Simt Small Cap | PairCorr |
| 0.74 | SSEAX | Siit Screened World | PairCorr |
| 0.81 | SSGAX | Saat Aggressive Strategy | PairCorr |
| 0.8 | SASDX | Saat Aggressive Strategy | PairCorr |
Tax 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. Tax Free's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Tax Free or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | SEI Funds, Large Funds, Muni National Short Funds, Muni National Short, SEI, Large, Muni National Short (View all Sectors) |
| Update Date | 31st of March 2024 |
Tax Free Conservative [TFCYX] is traded in USA and was established 19th of April 2024. Tax Free is listed under SEI category by Fama And French industry classification. The fund is listed under Muni National Short category and is part of SEI family. This fund at this time has accumulated 173.29 M in assets with no minimum investment requirementsTax Free Conservative is currently producing year-to-date (YTD) return of 0.88% with the current yeild of 0.0%, while the total return for the last 3 years was 1.74%.
Check Tax Free Probability Of Bankruptcy
Instrument Allocation
Tax Free Target Price Odds Analysis
Based on a normal probability distribution, the odds of Tax Free jumping above the current price in 90 days from now is about 6.56%. The Tax Free Conservative probability density function shows the probability of Tax Free mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Tax Free has a beta of 0.0117. This usually implies as returns on the market go up, Tax Free average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Tax Free Conservative will be expected to be much smaller as well. Additionally, tax Free Conservative has an alpha of 0.0015, implying that it can generate a 0.001477 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Tax Free to move above the current price in 90 days from now is about 6.56 (This Tax Free Conservative probability density function shows the probability of Tax Mutual Fund to fall within a particular range of prices over 90 days) .
Tax Free Conservative Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Tax Free market risk premium is the additional return an investor will receive from holding Tax Free 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 Free. 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 Free's alpha and beta are two of the key measurements used to evaluate Tax Free's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.0232 | |||
| Standard Deviation | 0.0571 | |||
| Variance | 0.0033 | |||
| Risk Adjusted Performance | 0.0334 |
Tax Free Against Markets
Picking the right benchmark for Tax Free 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 Free 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 Free is critical whether you are bullish or bearish towards Tax Free Conservative at a given time. Please also check how Tax Free'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 Tax Free 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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| All Next | Launch Module |
How to buy Tax Mutual Fund?
Before investing in Tax Free, 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 Tax Free. To buy Tax Free fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Tax Free. 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 Tax Free fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Tax Free Conservative 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 Tax Free Conservative 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 Tax Free Conservative, 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 Tax Free Conservative?
The danger of trading Tax Free Conservative 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 Free 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 Free. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tax Free Conservative 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 Tax Free Conservative. 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 manufacturing. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.