California Intermediate-ter Correlations
| BCIAX Fund | USD 11.05 0.03 0.27% |
The current 90-days correlation between California Intermediate-ter and Federated Municipal Ultrashort is 0.48 (i.e., Very weak diversification). The correlation of California Intermediate-ter 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
California Intermediate-ter Correlation With Market
Average diversification
The correlation between California Intermediate Term T and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding California Intermediate Term T and DJI in the same portfolio, assuming nothing else is changed.
California |
Moving together with California Mutual Fund
| 0.69 | CDBCX | Diversified Bond | PairCorr |
| 0.98 | TWTCX | Intermediate Term Tax | PairCorr |
| 0.98 | TWTIX | Intermediate Term Tax | PairCorr |
| 0.99 | TWWOX | Intermediate Term Tax | PairCorr |
| 0.76 | NPHIX | High Income Fund | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between California Mutual Fund performing well and California Intermediate-ter Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze California Intermediate-ter's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FMUUX | 0.03 | 0.00 | 0.00 | 0.73 | 0.00 | 0.10 | 0.40 | |||
| ABNCX | 0.15 | 0.05 | 0.58 | 8.03 | 0.00 | 0.39 | 0.90 | |||
| UIITX | 0.23 | 0.03 | 0.30 | 1.34 | 0.14 | 0.55 | 1.45 | |||
| SCCIX | 0.25 | 0.03 | 0.28 | 1.25 | 0.17 | 0.57 | 1.44 | |||
| JAFLX | 0.24 | 0.03 | 0.30 | 0.79 | 0.14 | 0.61 | 1.44 | |||
| TTRBX | 0.15 | 0.02 | 0.41 | 1.46 | 0.00 | 0.40 | 0.82 | |||
| MSTBX | 0.11 | 0.02 | 0.48 | (6.59) | 0.00 | 0.21 | 0.62 |