Alabama Tax Free Bond Etf Price on October 25, 2024

ALABX Etf  USD 12.22  0.02  0.16%   
If you're considering investing in ALABAMA Etf, it is important to understand the factors that can impact its price. As of today, the current price of ALABAMA TAX stands at 12.22, as last reported on the 31st of December, with the highest price reaching 12.22 and the lowest price hitting 12.22 during the day. ALABAMA TAX FREE retains Efficiency (Sharpe Ratio) of -0.11, which signifies that the etf had a -0.11% return per unit of risk over the last 3 months. ALABAMA TAX exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALABAMA TAX's market risk adjusted performance of (0.76), and Variance of 1.39 to double-check the risk estimate we provide.
  
ALABAMA Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1065

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Estimated Market Risk

 1.18
  actual daily
10
90% of assets are more volatile

Expected Return

 -0.13
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average ALABAMA TAX is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ALABAMA TAX by adding ALABAMA TAX to a well-diversified portfolio.

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ALABAMA TAX Valuation on October 25, 2024

It is possible to determine the worth of ALABAMA TAX on a given historical date. On October 25, 2024 ALABAMA was worth 13.31 at the beginning of the trading date compared to the closed value of 13.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ALABAMA TAX etf. Still, in general, we apply an absolute valuation method to find ALABAMA TAX's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ALABAMA TAX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ALABAMA TAX's related companies.
 Open High Low Close Volume
  13.33    13.33    13.33    13.33    1.00  
10/25/2024
  13.31    13.31    13.31    13.31    1.00  
  13.32    13.32    13.32    13.32    1.00  
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Open Value
13.31
13.31
Closing Value
16.85
Upside

ALABAMA TAX Trading Date Momentum on October 25, 2024

On October 28 2024 ALABAMA TAX FREE BOND was traded for  13.32  at the closing time. The highest daily price throughout the period was 13.32  and the lowest price was  13.32 . There was no trading activity during the period 1.0. Lack of trading volume on 10/28/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.08% . The overall trading delta to current closing price is 0.45% .

ALABAMA TAX FREE Fundamentals Correlations and Trends

By evaluating ALABAMA TAX's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ALABAMA TAX's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ALABAMA financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About ALABAMA TAX Etf history

ALABAMA TAX investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ALABAMA is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ALABAMA TAX FREE will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ALABAMA TAX stock prices may prove useful in developing a viable investing in ALABAMA TAX

ALABAMA TAX Etf Technical Analysis

ALABAMA TAX technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of ALABAMA TAX technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ALABAMA TAX trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

ALABAMA TAX Period Price Range

Low
December 31, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

ALABAMA TAX FREE BOND cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

ALABAMA TAX December 31, 2024 Market Strength

Market strength indicators help investors to evaluate how ALABAMA TAX etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ALABAMA TAX shares will generate the highest return on investment. By undertsting and applying ALABAMA TAX etf market strength indicators, traders can identify ALABAMA TAX FREE BOND entry and exit signals to maximize returns

ALABAMA TAX Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for ALABAMA TAX's price direction in advance. Along with the technical and fundamental analysis of ALABAMA Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ALABAMA to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Other Information on Investing in ALABAMA Etf

ALABAMA TAX financial ratios help investors to determine whether ALABAMA Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ALABAMA with respect to the benefits of owning ALABAMA TAX security.