APAAX Mutual Fund Quote

APAAX
 Fund
  

USD 9.56  0.02  0.21%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
Ab Municipal is trading at 9.56 as of the 29th of November 2022; that is 0.21 percent up since the beginning of the trading day. The fund's open price was 9.54. Ab Municipal has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Ab Municipal Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of October 2022 and ending today, the 29th of November 2022. Click here to learn more.
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. More on Ab Municipal Income

Ab Municipal Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ab Municipal's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ab Municipal or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Ab Municipal Income generated a negative expected return over the last 90 days
Ab Municipal Income is unlikely to experience financial distress in the next 2 years
On 31st of October 2022 Ab Municipal paid $ 0.0226 per share dividend to its current shareholders
Latest headline from news.google.com: Apax Global says Apax IX signs to sell entire stake in Kepro - Morningstar
The fund holds about 99.5% of its assets under management (AUM) in fixed income securities
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Ab Municipal's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
Beta In Three Year1.0
Startdate1st of June 1995
Ab Municipal Income [APAAX] is traded in USA and was established 29th of November 2022. The fund is listed under Muni Pennsylvania category and is part of AllianceBernstein family. Ab Municipal Income presently has accumulated 68.44 M in assets under management (AUM) with minimum initial investment of 2.5 K. , while the total return for the last 3 years was 2.7%.
Check Ab Municipal Probability Of Bankruptcy

Instrument Allocation

Ab Municipal Target Price Odds Analysis

Based on a normal probability distribution, the odds of Ab Municipal jumping above the current price in 90 days from now is about 15.87%. The Ab Municipal Income probability density function shows the probability of Ab Municipal mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Ab Municipal has a beta of 0.0462. This suggests as returns on the market go up, Ab Municipal average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ab Municipal Income will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Ab Municipal Income is significantly underperforming DOW.
  Odds Below 9.56HorizonTargetOdds Above 9.56
83.75%90 days
 9.56 
15.87%
Based on a normal probability distribution, the odds of Ab Municipal to move above the current price in 90 days from now is about 15.87 (This Ab Municipal Income probability density function shows the probability of APAAX Mutual Fund to fall within a particular range of prices over 90 days) .

Ab Municipal Income Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ab Municipal market risk premium is the additional return an investor will receive from holding Ab Municipal long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ab Municipal. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ab Municipal's alpha and beta are two of the key measurements used to evaluate Ab Municipal's performance over the market, the standard measures of volatility play an important role as well.

Ab Municipal Against Markets

Picking the right benchmark for Ab Municipal mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ab Municipal mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ab Municipal is critical whether you are bullish or bearish towards Ab Municipal Income at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ab Municipal without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Ab Municipal Income?

The danger of trading Ab Municipal Income is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ab Municipal is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ab Municipal. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ab Municipal Income is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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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.