Alabama Tax Free Bond Etf Current Valuation
| ALABX Etf | USD 12.22 0.02 0.16% |
Valuation analysis of ALABAMA TAX FREE helps investors to measure ALABAMA TAX's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that ALABAMA TAX's price fluctuation is very steady at this time. Calculation of the real value of ALABAMA TAX FREE is based on 3 months time horizon. Increasing ALABAMA TAX's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since ALABAMA TAX is currently traded on the exchange, buyers and sellers on that exchange determine the market value of ALABAMA Etf. However, ALABAMA 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 12.22 | Real 12.45 | Hype 12.24 | Naive 12.6 |
The intrinsic value of ALABAMA 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 ALABAMA 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 ALABAMA TAX FREE BOND helps investors to forecast how ALABAMA etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of ALABAMA TAX more accurately as focusing exclusively on ALABAMA TAX's fundamentals will not take into account other important factors: ALABAMA TAX FREE BOND ETF Current Valuation Analysis
ALABAMA TAX's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, ALABAMA TAX FREE BOND has a Current Valuation of 0.0. This indicator is about the same for the Leavell average (which is currently at 0.0) family and about the same as Allocation--50% to 70% Equity (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
ALABAMA Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ALABAMA TAX's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ALABAMA TAX could also be used in its relative valuation, which is a method of valuing ALABAMA TAX by comparing valuation metrics of similar companies.ALABAMA TAX is currently under evaluation in current valuation as compared to similar ETFs.
Fund Asset Allocation for ALABAMA TAX
The fund invests 65.82% of asset under management in tradable equity instruments, with the rest of investments concentrated in bonds (2.52%) , cash (1.95%) and various exotic instruments.Asset allocation divides ALABAMA TAX's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
ALABAMA Fundamentals
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 16.16 % | ||||
| One Year Return | 15.77 % | ||||
| Three Year Return | 4.20 % | ||||
| Five Year Return | 0.01 % | ||||
| Net Asset | 21.47 M | ||||
| Last Dividend Paid | 0.01 | ||||
| Cash Position Weight | 1.95 % | ||||
| Equity Positions Weight | 65.82 % | ||||
| Bond Positions Weight | 2.52 % |
About ALABAMA TAX Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ALABAMA TAX FREE BOND's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ALABAMA TAX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ALABAMA TAX FREE BOND based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
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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.