Ultra Short Term Municipal Fund Manager Performance Evaluation
| SMAIX Fund | USD 9.63 0.01 0.10% |
The entity has a beta of -0.0028, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ultra Short are expected to decrease at a much lower rate. During the bear market, Ultra Short is likely to outperform the market.
Risk-Adjusted Performance
7 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Ultra Short Term Municipal are ranked lower than 7 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Ultra Short 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 November 2022 | |
| Expense Ratio | 0.2500 |
Ultra |
Ultra Short Relative Risk vs. Return Landscape
If you would invest 961.00 in Ultra Short Term Municipal on September 20, 2024 and sell it today you would earn a total of 4.00 from holding Ultra Short Term Municipal or generate 0.42% return on investment over 90 days. Ultra Short Term Municipal is currently producing 0.0065% returns and takes up 0.0664% volatility of returns over 90 trading days. Put another way, 0% of traded mutual funds are less volatile than Ultra, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Ultra Short Current Valuation
Overvalued
Today
Please note that Ultra Short's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Ultra Short Term has a current Real Value of $8.86 per share. The regular price of the fund is $9.63. We determine the value of Ultra Short Term from inspecting 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 draw towards each other.
Since Ultra Short is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Ultra Mutual Fund. However, Ultra Short'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 9.63 | Real 8.86 | Hype 9.63 |
The intrinsic value of Ultra Short'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 Ultra Short'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 Ultra Short Term Municipal helps investors to forecast how Ultra 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 Ultra Short more accurately as focusing exclusively on Ultra Short's fundamentals will not take into account other important factors: Ultra Short Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultra Short's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Ultra Short Term Municipal, and traders can use it to determine the average amount a Ultra Short'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 = 0.0981
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| SMAIX |
Based on monthly moving average Ultra Short is performing at about 7% of its full potential. 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 Ultra Short by adding it to a well-diversified portfolio.
Ultra Short Fundamentals Growth
Ultra Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Ultra Short, and Ultra Short 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 Ultra Mutual Fund performance.
| Total Asset | 313.46 M | ||||
About Ultra Short Performance
Evaluating Ultra Short's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Ultra Short 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 Ultra Short 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 the funds net assets in municipal securities whose interest is exempt from federal income tax, but not necessarily federal alternative minimum tax . It invests up to 20 percent of the funds total assets in securities whose interest is subject to federal AMT. While the fund may purchase securities of any maturity, under normal circumstances, the advisor expects the funds dollar-weighted average effective maturity to be 1 year or less.Things to note about Ultra Short Term performance evaluation
Checking the ongoing alerts about Ultra Short for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Ultra Short Term help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains about 6.29% of its assets in cash |
- Analyzing Ultra Short'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 Ultra Short's stock is overvalued or undervalued compared to its peers.
- Examining Ultra Short'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 Ultra Short's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ultra Short's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Ultra Short's mutual fund. These opinions can provide insight into Ultra Short's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Ultra Mutual Fund
Ultra Short financial ratios help investors to determine whether Ultra 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 Ultra with respect to the benefits of owning Ultra Short security.
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| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |