AVAAX Mutual Fund Manager Performance Evaluation

The fund owns a Beta (Systematic Risk) of 0.0758, which signifies not very significant fluctuations relative to the market. Let's try to break down what AVAAX's beta means in this case. As returns on the market increase, Ab Municipal returns are expected to increase less than the market. However, during the bear market, the loss on holding Ab Municipal will be expected to be smaller as well. Although it is important to respect Ab Municipal Income existing price patterns, it is better to be realistic regarding the information on the equity's price patterns. The approach towards foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By examining Ab Municipal Income technical indicators, you can at this time evaluate if the expected return of 0.0531% will be sustainable into the future.
  
AVAAX Performance
0 of 100
Over the last 90 days Ab Municipal Income has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Ab Municipal is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Fifty Two Week Low10.26
Fifty Two Week High11.66

Ab Municipal Relative Risk vs. Return Landscape

If you would invest  1,028  in Ab Municipal Income on May 14, 2022 and sell it today you would earn a total of  34.00  from holding Ab Municipal Income or generate 3.31% return on investment over 90 days. Ab Municipal Income is currently producing 0.0531% returns and takes up 0.3399% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than AVAAX, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon Ab Municipal is expected to generate 1.57 times less return on investment than the market. But when comparing it to its historical volatility, the company is 3.74 times less risky than the market. It trades about 0.16 of its potential returns per unit of risk. The DOW is currently generating roughly 0.07 of returns per unit of risk over similar time horizon.

Ab Municipal Current Valuation

Undervalued
Today 10.62
Please note that Ab Municipal's price fluctuation is out of control at this time.
Ab Municipal Income latest Real Value cannot be determined due to lack of data. The recent price of Ab Municipal Income is $10.62. Based on Macroaxis valuation methodology, the entity cannot be evaluated at this time. We determine the value of Ab Municipal Income from examining fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued equities and dropping overvalued equities since, at some future date, stock prices and their ongoing real values will grow together.
Our valuation method for Ab Municipal Income is useful when determining the fair value of the AVAAX mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Ab Municipal. Since Ab Municipal is currently traded on the exchange, buyers and sellers on that exchange determine the market value of AVAAX Mutual Fund. However, Ab Municipal'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.
0.00
Real Value
0.34
Upside
Estimating the potential upside or downside of Ab Municipal Income helps investors to forecast how AVAAX 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 Ab Municipal more accurately as focusing exclusively on Ab Municipal's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.2810.5010.73
Details
Hype
Prediction
LowEstimated ValueHigh
0.000.000.34
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
0.160.160.16
Details

Ab Municipal Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Municipal's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Ab Municipal Income, and traders can use it to determine the average amount a Ab Municipal'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 = 0.1561

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Portfolio
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CashAVAAXAverage
Risk
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Estimated Market Risk
 0.34
  actual daily
 
 2 %
of total potential
 
22
Expected Return
 0.05
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 0.16
  actual daily
 
 11 %
of total potential
 
1111
Based on monthly moving average Ab Municipal is performing at about 11% 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 Ab Municipal by adding it to a well-diversified portfolio.

About Ab Municipal Performance

To evaluate Ab Municipal Income Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Ab Municipal generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare AVAAX Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Ab Municipal Income stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents AVAAX's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks to earn the highest level of current income exempt from both federal income tax and Commonwealth of Virginia personal income tax that is available without assuming what the Adviser considers to be undue risk. Ab Municipal is traded on NASDAQ Exchange in the United States.

Things to note about Ab Municipal Income

Checking the ongoing alerts about Ab Municipal for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ab Municipal Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Ab Municipal Alerts

Equity Alerts and Improvement Suggestions

Ab Municipal Income is unlikely to experience financial distress in the next 2 years
On 29th of July 2022 Ab Municipal paid $ 0.0216 per share dividend to its current shareholders
Latest headline from www.cryptonewsz.com: CurateDAO Launching Decentralized Data Curations on Avalanche - CryptoNewsZ
The fund holds most of the assets under management (AUM) in different types of exotic instruments.
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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model 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.