California Intermediate Correlations

Mutual Funds . USA . 
Fund . California Intermediate Municipal
PCMBX Fund  USD 9.31  0.01  0.11%   
The current 90-days correlation between California Intermediate and T Rowe Price is 0.15 (i.e., Average diversification). The correlation of California Intermediate 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 Correlation With Market

Average diversification

The correlation between California Intermediate Munici and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding California Intermediate Munici and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in California Intermediate Municipal. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with California Mutual Fund

  0.95VCAIX Vanguard CaliforniaPairCorr
  1.0VCADX Vanguard CaliforniaPairCorr
  0.9MKCMX Blackrock CaliforniaPairCorr
  0.95MACMX Brf Clf MplPairCorr
  0.94MDCMX Brf Clf MplopPairCorr
  0.93MECMX Brf Clf MplPairCorr
  0.92MFCMX Brf Clf MplPairCorr
  0.99BCIAX California Intermediate-terPairCorr
  0.92BCIYX California Intermediate-terPairCorr
  0.94BCITX California Intermediate-terPairCorr
  0.64TTEEX T Rowe PricePairCorr
  0.83ACCSX Access Capital MunityPairCorr
  0.84NWJJX Nationwide Highmark BondPairCorr
  0.83SNGYX Sit Government SecuritiesPairCorr
  0.65IFACX Income FundPairCorr
  0.91FHYIX Franklin High YieldPairCorr
  0.7HEMZX Virtus Emerging MarketsPairCorr
  0.73JSEAX Jpmorgan InternationalPairCorr
  0.69DURIX Deutsche European EquityPairCorr
  0.88OWCIX Old Westbury CreditPairCorr
  0.68UTDIX My529 International ValuePairCorr
  0.61TIDDX T Rowe PricePairCorr
  0.85IIBAX Voya Intermediate BondPairCorr
  0.81WATCX Western Asset IntermPairCorr
  0.73CKKRX Columbia Income BuilderPairCorr
  0.83PDINX Putnam Diversified IncomePairCorr
  0.86TEDPX Tiaa Cref EmergingPairCorr
  0.71FXIDX Fixed Income SharesPairCorr

Moving against California Mutual Fund

  0.57SMPIX Semiconductor UltrasectorPairCorr
  0.53SMPSX Semiconductor UltrasectorPairCorr

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 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'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY