AVAAX  Fund   USD 10.24 0.01 0.1% 
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please continue to
Ab Municipal Piotroski F Score and
Portfolio Optimization analysis.
AVAAX Z Score Analysis
Ab Municipal's ZScore is a simple linear, multifactor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 First Factor  =  1.2 * (  Working Capital  /  Total Assets ) 

 Second Factor  =  1.4 * (  Retained Earnings  /  Total Assets ) 

 Thrid Factor  =  3.3 * (  EBITAD  /  Total Assets ) 

 Fouth Factor  =  0.6 * (  Market Value of Equity  /  Total Liabilities ) 

 Fifth Factor  =  0.99 * (  Revenue  /  Total Assets ) 

To calculate ZScore one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. ZScore can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with ZScores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a socalled 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Ab Municipal Z Score Component Assessment
In accordance with the company's disclosures, Ab Municipal Income has a Z Score of 0.0. This indicator is about the same for the AllianceBernstein average (which is currently at 0.0) family and about the same as
Family (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).
  Options AnalysisAnalyze and evaluate options and option chains as a potential hedge for your portfolios 
Fund Asset Allocation for Ab Municipal
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in bonds and cash equivalents.
AVAAX Fundamentals
About Ab Municipal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ab Municipal Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ab Municipal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Ab Municipal Income based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.
The fund invests at least 80 percent of its net assets in municipal securities that pay interest that is exempt from federal income tax. Ab Municipal is traded on NASDAQ Exchange in the United States.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as
technical analysis,
investor sentiment usually refers to the aggregate attitude towards Ab Municipal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge
market sentiment could be utilized using contrarian indexes, Ab Municipal's short interest history, or implied volatility extrapolated from Ab Municipal options trading.
Pair Trading with Ab Municipal
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 Ab Municipal 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 Ab Municipal will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Ab Municipal could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Ab Municipal 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 Ab Municipal  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 Ab Municipal Income to buy it.
The correlation of Ab Municipal is a statistical measure of how it moves in relation to other equities. 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 Ab Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ab Municipal Income 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 Ab Municipal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better riskadjusted return on your portfolios.
Pair CorrelationCorrelation MatchingPlease continue to
Ab Municipal Piotroski F Score and
Portfolio Optimization analysis. Note that the Ab Municipal Income information on this page should be used as a complementary analysis to other Ab Municipal's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try
Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for AVAAX Mutual Fund analysis
When running Ab Municipal Income price analysis, check to
measure Ab Municipal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ab Municipal is operating at the current time. Most of Ab Municipal's value examination focuses on studying past and present price action to
predict the probability of Ab Municipal's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ab Municipal's price. Additionally, you may evaluate how the addition of Ab Municipal to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Ab Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine Ab Municipal value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ab Municipal'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.