Northern Arizona Cash Position Weight vs. Three Year Return

NOAZX Fund  USD 9.72  0.04  0.41%   
Based on the key profitability measurements obtained from Northern Arizona's financial statements, Northern Arizona Tax Exempt 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 Northern Arizona's ability to earn profits and add value for shareholders.
For Northern Arizona profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Northern Arizona to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Northern Arizona Tax Exempt utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Northern Arizona's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Northern Arizona Tax Exempt 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 Northern Arizona's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Arizona is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Arizona'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.

Northern Arizona Tax Three Year Return vs. Cash Position Weight Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Northern Arizona's current stock value. Our valuation model uses many indicators to compare Northern Arizona value to that of its competitors to determine the firm's financial worth.
Northern Arizona Tax Exempt is number one fund in cash position weight among similar funds. It also is number one fund in three year return 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 Northern Arizona's earnings, one of the primary drivers of an investment's value.

Northern Three Year Return vs. Cash Position Weight

Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.

Northern Arizona

Cash Percentage

 = 

% of Cash

in the fund

 = 
3.97 %
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
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.

Northern Arizona

Three Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
(0.33) %
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.

Northern Three Year Return Comparison

Northern Arizona is currently under evaluation in three year return among similar funds.

Northern Arizona Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Northern Arizona, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Northern Arizona will eventually generate negative long term returns. The profitability progress is the general direction of Northern Arizona's change in net profit over the period of time. It can combine multiple indicators of Northern Arizona, 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 invests at least 80 percent of the funds net assets will be invested in instruments that pay income that is exempt from Arizona State personal income tax. The funds dollar-weighted average maturity, under normal circumstances, will range between ten and thirty years. It is non-diversified.

Northern Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Northern Arizona. 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 Northern Arizona 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 Northern Arizona's important profitability drivers and their relationship over time.

Use Northern Arizona 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 Northern Arizona 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 Northern Arizona will appreciate offsetting losses from the drop in the long position's value.

Northern Arizona Pair Trading

Northern Arizona Tax Exempt Pair Trading Analysis

The ability to find closely correlated positions to Northern Arizona could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Arizona 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 Northern Arizona - 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 Northern Arizona Tax Exempt to buy it.
The correlation of Northern Arizona 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 Northern Arizona moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Arizona Tax 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 Northern Arizona 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 Northern Arizona position

In addition to having Northern Arizona 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 Government Funds Thematic Idea Now

Government Funds
Government Funds Theme
Funds or Etfs that invest in fixed income securities issued by national government to finance government spending or to facilitate Federal Reserve monetary policies. The Government Funds theme has 48 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 Government Funds Theme or any other thematic opportunities.
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Other Information on Investing in Northern Mutual Fund

To fully project Northern Arizona's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Northern Arizona Tax 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 Northern Arizona's income statement, its balance sheet, and the statement of cash flows.
Potential Northern Arizona investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Northern Arizona investors may work on each financial statement separately, they are all related. The changes in Northern Arizona's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Northern Arizona'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.
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