The Kansas Tax Free Fund Probability Of Bankruptcy
KTXIX Fund | USD 18.39 0.01 0.05% |
The |
The Probability Of Bankruptcy Analysis
The Kansas' Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current The Kansas Probability Of Bankruptcy | Less than 44% |
Most of The Kansas' fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, The Kansas Tax Free is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of The Kansas probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting The Kansas odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of The Kansas Tax Free financial health.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
Competition |
The Kansas Probability Of Bankruptcy Component Assessment
Based on the latest financial disclosure, The Kansas Tax Free has a Probability Of Bankruptcy of 44.0%. This is much higher than that of the Commerce family and significantly higher than that of the Family category. The probability of bankruptcy for all United States funds is notably lower than that of the firm.
The Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses The Kansas' direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of The Kansas could also be used in its relative valuation, which is a method of valuing The Kansas by comparing valuation metrics of similar companies.Kansas Tax is currently under evaluation in probability of bankruptcy among similar funds.
The Fundamentals
Price To Earning | 7.02 X | ||||
Price To Book | 6.68 X | ||||
Price To Sales | 0.94 X | ||||
Annual Yield | 0.0002 % | ||||
Year To Date Return | 0.03 % | ||||
One Year Return | 2.34 % | ||||
Three Year Return | (0.96) % | ||||
Five Year Return | 0.79 % | ||||
Ten Year Return | 3.34 % | ||||
Net Asset | 139.69 M | ||||
Minimum Initial Investment | 1 K | ||||
Last Dividend Paid | 0.03 | ||||
Cash Position Weight | 4.58 % | ||||
Bond Positions Weight | 95.42 % |
About The Kansas Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze The Kansas Tax Free's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of The Kansas using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of The Kansas Tax Free based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.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. It may invest up to 10 percent of its total assets in such unrated securities.
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Try AI Portfolio ArchitectCheck out The Kansas Piotroski F Score and The Kansas Altman Z Score analysis. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for The Mutual Fund analysis
When running The Kansas' price analysis, check to measure The Kansas' 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 The Kansas is operating at the current time. Most of The Kansas' value examination focuses on studying past and present price action to predict the probability of The Kansas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move The Kansas' price. Additionally, you may evaluate how the addition of The Kansas to your portfolios can decrease your overall portfolio volatility.
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