The Kansas Tax Free Fund Manager Performance Evaluation
| KTXIX Fund | USD 18.21 0.03 0.17% |
The fund secures a Beta (Market Risk) of -0.034, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kansas Tax are expected to decrease at a much lower rate. During the bear market, Kansas Tax is likely to outperform the market.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days The Kansas Tax Free has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong forward indicators, Kansas Tax is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 1st of March 2023 | |
| Expense Ratio | 0.7000 |
Kansas |
Kansas Tax Relative Risk vs. Return Landscape
If you would invest 1,847 in The Kansas Tax Free on September 27, 2024 and sell it today you would lose (26.00) from holding The Kansas Tax Free or give up 1.41% of portfolio value over 90 days. The Kansas Tax Free is currently producing negative expected returns and takes up 0.2135% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Kansas, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Kansas Tax Current Valuation
Overvalued
Today
Please note that Kansas Tax's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Kansas Tax secures a last-minute Real Value of $17.61 per share. The latest price of the fund is $18.21. We determine the value of Kansas Tax from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Kansas Tax is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Kansas Mutual Fund. However, Kansas Tax's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 18.21 | Real 17.61 | Hype 18.21 |
The intrinsic value of Kansas Tax's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Kansas Tax's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of The Kansas Tax Free helps investors to forecast how Kansas mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Kansas Tax more accurately as focusing exclusively on Kansas Tax's fundamentals will not take into account other important factors: Kansas Tax Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kansas Tax's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as The Kansas Tax Free, and traders can use it to determine the average amount a Kansas Tax's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1043
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | KTXIX |
Estimated Market Risk
| 0.21 actual daily | 1 99% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Kansas 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 Kansas Tax by adding Kansas Tax to a well-diversified portfolio.
Kansas Tax Fundamentals Growth
Kansas Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Kansas Tax, and Kansas Tax fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Kansas Mutual Fund performance.
| Price To Earning | 7.02 X | ||||
| Price To Book | 6.68 X | ||||
| Price To Sales | 0.94 X | ||||
About Kansas Tax Performance
Evaluating Kansas Tax's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Kansas Tax has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Kansas Tax has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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.Things to note about Kansas Tax performance evaluation
Checking the ongoing alerts about Kansas Tax for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Kansas Tax help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Kansas Tax generated a negative expected return over the last 90 days | |
| The fund generated three year return of -1.0% | |
| Kansas Tax maintains about 95.42% of its assets in bonds |
- Analyzing Kansas Tax's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Kansas Tax's stock is overvalued or undervalued compared to its peers.
- Examining Kansas Tax's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Kansas Tax's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Kansas Tax's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Kansas Tax's mutual fund. These opinions can provide insight into Kansas Tax's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Kansas Mutual Fund
Kansas Tax financial ratios help investors to determine whether Kansas Mutual Fund 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 Kansas with respect to the benefits of owning Kansas Tax security.
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