Kentucky Tax-free Three Year Return vs. Cash Position Weight

KYTFX Fund  USD 7.30  0.01  0.14%   
Based on the measurements of profitability obtained from Kentucky Tax-free's financial statements, Kentucky Tax Free Income may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Kentucky Tax-free's ability to earn profits and add value for shareholders.
For Kentucky Tax-free profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Kentucky Tax-free to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Kentucky Tax Free Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Kentucky Tax-free's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Kentucky Tax Free Income over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Kentucky Tax-free's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kentucky Tax-free is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kentucky Tax-free's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Kentucky Tax Free Cash Position Weight vs. Three Year Return Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Kentucky Tax-free's current stock value. Our valuation model uses many indicators to compare Kentucky Tax-free value to that of its competitors to determine the firm's financial worth.
Kentucky Tax Free Income is currently considered the top fund in three year return among similar funds. It also is currently considered the top fund in cash position weight among similar funds . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Kentucky Tax-free's earnings, one of the primary drivers of an investment's value.

Kentucky Cash Position Weight vs. Three Year Return

Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.

Kentucky Tax-free

Three Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
(0.40) %
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.

Kentucky Tax-free

Cash Percentage

 = 

% of Cash

in the fund

 = 
0.17 %
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.

Kentucky Cash Position Weight Comparison

Kentucky Tax is currently under evaluation in cash position weight among similar funds.

Kentucky Tax-free Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Kentucky Tax-free, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Kentucky Tax-free will eventually generate negative long term returns. The profitability progress is the general direction of Kentucky Tax-free's change in net profit over the period of time. It can combine multiple indicators of Kentucky Tax-free, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund seeks to provide a steady flow of tax-exempt income derived from Kentucky municipal securities of investment grade quality with a weighted average nominal maturity normally greater than 10 years. The interest earned on these securities, in the opinion of bond counsel for the issuer, is exempt from federal and state taxation in the state of Kentucky.

Kentucky Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Kentucky Tax-free. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Kentucky Tax-free position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Kentucky Tax-free's important profitability drivers and their relationship over time.

Use Kentucky Tax-free in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kentucky Tax-free position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kentucky Tax-free will appreciate offsetting losses from the drop in the long position's value.

Kentucky Tax-free Pair Trading

Kentucky Tax Free Income Pair Trading Analysis

The ability to find closely correlated positions to Kentucky Tax-free could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kentucky Tax-free when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kentucky Tax-free - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kentucky Tax Free Income to buy it.
The correlation of Kentucky Tax-free is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kentucky Tax-free moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kentucky Tax Free moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kentucky Tax-free can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Kentucky Tax-free position

In addition to having Kentucky Tax-free in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Single Stock ETFs Thematic Idea Now

Single Stock ETFs
Single Stock ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Single Stock ETFs theme has 99 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Single Stock ETFs Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in Kentucky Mutual Fund

To fully project Kentucky Tax-free's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Kentucky Tax Free at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Kentucky Tax-free's income statement, its balance sheet, and the statement of cash flows.
Potential Kentucky Tax-free investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Kentucky Tax-free investors may work on each financial statement separately, they are all related. The changes in Kentucky Tax-free's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Kentucky Tax-free's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios