California High-yield Financials
| CAYCX Fund | USD 9.72 0.02 0.21% |
California |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
California High-yield Fund Summary
California High-yield competes with Adams Natural, Invesco Energy, Franklin Natural, and Advisory Research. The fund invests at least 80 percent of its net assets in municipal securities with income payments exempt from federal and California income taxes. It invests in California municipal and other debt securities with an emphasis on high-yield securities. A high-yield security is one that has been rated below investment-grade, or determined by the investment advisor to be of similar quality. The portfolio managers also may buy unrated securities if they determine such securities meet the investment objectives of the fund.Specialization | Muni California Long, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | American Century CA |
| Mutual Fund Family | American Century Investments |
| Mutual Fund Category | Muni California Long |
| Benchmark | Dow Jones Industrial |
| Phone | 800 345 2021 |
| Currency | USD - US Dollar |
California High-yield Key Financial Ratios
California Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining California High-yield's current stock value. Our valuation model uses many indicators to compare California High-yield value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across California High-yield competition to find correlations between indicators driving California High-yield's intrinsic value. More Info.California High Yield Municipal is the top fund in annual yield among similar funds. It also is the top fund in year to date return among similar funds creating about 63.22 of Year To Date Return per Annual Yield. 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 California High-yield's earnings, one of the primary drivers of an investment's value.California High Yield Systematic Risk
California High-yield's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. California High-yield volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on California High Yield correlated with the market. If Beta is less than 0 California High-yield generally moves in the opposite direction as compared to the market. If California High-yield Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one California High Yield is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of California High-yield is generally in the same direction as the market. If Beta > 1 California High-yield moves generally in the same direction as, but more than the movement of the benchmark.
California High-yield Thematic Clasifications
California High Yield Municipal is part of several thematic ideas from Junk Bonds Funds to Aggressive Funds. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasCalifornia High Yield Municipal is the top fund in net asset among similar funds. Total Asset Under Management (AUM) of Muni California Long category is currently estimated at about 2.76 Billion. California High-yield totals roughly 1.4 Billion in net asset claiming about 51% of funds under Muni California Long category.California High-yield January 22, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of California High-yield help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of California High Yield Municipal. We use our internally-developed statistical techniques to arrive at the intrinsic value of California High Yield Municipal based on widely used predictive technical indicators. In general, we focus on analyzing California Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build California High-yield's daily price indicators and compare them against related drivers.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 1.74 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.4128 |
Other Information on Investing in California Mutual Fund
California High-yield financial ratios help investors to determine whether California Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in California with respect to the benefits of owning California High-yield security.
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