Aquila Tax-free Financial Statements From 2010 to 2024
| COTYX Fund | USD 9.71 0.01 0.10% |
Check Aquila Tax-free financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aquila main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Aquila financial statements analysis is a perfect complement when working with Aquila Tax-free Valuation or Volatility modules.
Aquila |
Aquila Tax Free Fund Mutual Fund Three Year Return Analysis
Aquila Tax-free's 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.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Aquila Tax-free Three Year Return | (1.24) % |
Most of Aquila Tax-free's fundamental indicators, such as Three Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Aquila Tax Free Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
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Based on the latest financial disclosure, Aquila Tax Free Fund has a Three Year Return of -1.2395%. This is much lower than that of the Aquila family and significantly lower than that of the Muni Single State Interm category. The three year return for all United States funds is notably higher than that of the company.
Aquila Tax Free Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Aquila Tax-free's current stock value. Our valuation model uses many indicators to compare Aquila Tax-free value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Aquila Tax-free competition to find correlations between indicators driving Aquila Tax-free's intrinsic value. More Info.Aquila Tax Free Fund is fifth largest fund in annual yield among similar funds. It is the top fund in year to date return among similar funds creating about 21.90 of Year To Date Return per Annual Yield. Comparative valuation analysis is a catch-all model that can be used if you cannot value Aquila Tax-free by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Aquila Tax-free's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 Aquila Tax-free's earnings, one of the primary drivers of an investment's value.About Aquila Tax-free Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Aquila Tax-free income statement, its balance sheet, and the statement of cash flows. Aquila Tax-free investors use historical funamental indicators, such as Aquila Tax-free's revenue or net income, to determine how well the company is positioned to perform in the future. Although Aquila Tax-free investors may use each financial statement separately, they are all related. The changes in Aquila Tax-free's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Aquila 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. We offer a historical overview of the basic patterns found on Aquila Tax-free Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Aquila Tax-free. Please read more on our technical analysis and fundamental analysis pages.
Under normal circumstances, at least 80 percent of the funds net assets will be invested in municipal obligations that pay interest exempt, in the opinion of bond counsel, from Colorado state and regular Federal income taxes, the income paid upon which will not be subject to the Federal alternative minimum tax on individuals. These obligations can be of any maturity, but the funds weighted average maturity has traditionally been between 5 and 15 years. The fund is non-diversified.
Pair Trading with Aquila Tax-free
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 Aquila 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 Aquila Tax-free will appreciate offsetting losses from the drop in the long position's value.Moving together with Aquila Mutual Fund
| 0.95 | CHKFX | Aquila Churchill Tax | PairCorr |
| 0.95 | CHTFX | Aquila Churchill Tax | PairCorr |
The ability to find closely correlated positions to Aquila 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 Aquila 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 Aquila 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 Aquila Tax Free Fund to buy it.
The correlation of Aquila 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 Aquila Tax-free moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aquila 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 Aquila 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.Check out the analysis of Aquila Tax-free Correlation against competitors. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.