Colorado Bondshares A Fund Quote
| HICOX Fund | USD 8.74 0.02 0.23% |
Performance5 of 100
| Odds Of DistressLess than 21
|
Colorado Bondshares is trading at 8.74 as of the 19th of April 2024; that is -0.23% down since the beginning of the trading day. The fund's open price was 8.76. Colorado Bondshares has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Colorado Bondshares A are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of February 2024 and ending today, the 19th of April 2024. Click here to learn more.
The manager will attempt to invest up to 100 percent and, except for temporary investments, will invest at least 80 percent of the value of its net assets in tax-exempt bonds and other tax-exempt securities, including tax-exempt notes and tax-exempt municipal leases of the State of Colorado, its political subdivisions, municipalities and public authorities .. More on Colorado Bondshares A
Moving together with Colorado Mutual Fund
| 0.8 | UVABX | Virginia Bond | PairCorr |
Moving against Colorado Mutual Fund
| 0.51 | BXECX | Barings Emerging Markets | PairCorr |
Colorado 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. Colorado Bondshares' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Colorado Bondshares or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Freedom Funds, Muni Single State Interm Funds, Muni Single State Interm, Freedom Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
Colorado Bondshares A [HICOX] is traded in USA and was established 19th of April 2024. Colorado Bondshares is listed under Freedom Funds category by Fama And French industry classification. The fund is listed under Muni Single State Interm category and is part of Freedom Funds family. This fund currently has accumulated 1.27 B in assets under management (AUM) with minimum initial investment of 500. Colorado Bondshares is currently producing year-to-date (YTD) return of 1.09% with the current yeild of 0.01%, while the total return for the last 3 years was 2.13%.
Check Colorado Bondshares Probability Of Bankruptcy
Instrument Allocation
Colorado Bondshares Target Price Odds Analysis
Based on a normal probability distribution, the odds of Colorado Bondshares jumping above the current price in 90 days from now is about 68.17%. The Colorado Bondshares A probability density function shows the probability of Colorado Bondshares mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Colorado Bondshares A has a beta of -0.0629. This usually indicates as returns on the benchmark increase, returns on holding Colorado Bondshares are expected to decrease at a much lower rate. During a bear market, however, Colorado Bondshares A is likely to outperform the market. Additionally, colorado Bondshares A has an alpha of 0.0026, implying that it can generate a 0.002591 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Colorado Bondshares to move above the current price in 90 days from now is about 68.17 (This Colorado Bondshares A probability density function shows the probability of Colorado Mutual Fund to fall within a particular range of prices over 90 days) .
Colorado Bondshares Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Colorado Bondshares market risk premium is the additional return an investor will receive from holding Colorado Bondshares 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 Colorado Bondshares. 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 Colorado Bondshares' alpha and beta are two of the key measurements used to evaluate Colorado Bondshares' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1428 | |||
| Semi Deviation | 0.1586 | |||
| Standard Deviation | 0.2078 | |||
| Variance | 0.0432 |
Colorado Bondshares Against Markets
Picking the right benchmark for Colorado Bondshares 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 Colorado Bondshares 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 Colorado Bondshares is critical whether you are bullish or bearish towards Colorado Bondshares A at a given time. Please also check how Colorado Bondshares' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Colorado Bondshares 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.Did you try this?
Run Cryptocurrency Center Now
Cryptocurrency CenterBuild and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |
| All Next | Launch Module |
How to buy Colorado Mutual Fund?
Before investing in Colorado Bondshares, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Colorado Bondshares. To buy Colorado Bondshares fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Colorado Bondshares. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Colorado Bondshares fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Colorado Bondshares A fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Colorado Bondshares A fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Colorado Bondshares A, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Colorado Bondshares A?
The danger of trading Colorado Bondshares A 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 Colorado Bondshares 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 Colorado Bondshares. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Colorado Bondshares 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.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Colorado Bondshares A. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.