California Intermediate Term Tax Free Fund Probability of Future Mutual Fund Price Finishing Under 11.3
| BCITX Fund | USD 11.14 0.02 0.18% |
California |
California Intermediate Target Price Odds to finish below 11.3
The tendency of California Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 11.30 after 90 days |
| 11.14 | 90 days | 11.30 | about 85.34 |
Based on a normal probability distribution, the odds of California Intermediate to stay under $ 11.30 after 90 days from now is about 85.34 (This California Intermediate Term Tax Free probability density function shows the probability of California Mutual Fund to fall within a particular range of prices over 90 days) . Probability of California Intermediate price to stay between its current price of $ 11.14 and $ 11.30 at the end of the 90-day period is about 83.19 .
Assuming the 90 days horizon California Intermediate Term Tax Free has a beta of -0.0338 suggesting as returns on the benchmark increase, returns on holding California Intermediate are expected to decrease at a much lower rate. During a bear market, however, California Intermediate Term Tax Free is likely to outperform the market. Additionally California Intermediate Term Tax Free has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. California Intermediate Price Density |
| Price |
Predictive Modules for California Intermediate
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as California Intermediate. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of California Intermediate's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
California Intermediate Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. California Intermediate is not an exception. The market had few large corrections towards the California Intermediate's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold California Intermediate Term Tax Free, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of California Intermediate within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | -0.03 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.26 |
California Intermediate Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of California Intermediate for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for California Intermediate can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| California Intermediate generated a negative expected return over the last 90 days | |
| The fund generated three year return of 0.0% | |
| California Intermediate holds most of the assets under management (AUM) in different types of exotic instruments. |
California Intermediate Technical Analysis
California Intermediate's future price can be derived by breaking down and analyzing its technical indicators over time. California Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of California Intermediate Term Tax Free. In general, you should focus on analyzing California Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
California Intermediate Predictive Forecast Models
California Intermediate's time-series forecasting models is one of many California Intermediate's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary California Intermediate's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about California Intermediate
Checking the ongoing alerts about California Intermediate for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for California Intermediate help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| California Intermediate generated a negative expected return over the last 90 days | |
| The fund generated three year return of 0.0% | |
| California Intermediate holds most of the assets under management (AUM) in different types of exotic instruments. |
Other Information on Investing in California Mutual Fund
California Intermediate 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 Intermediate security.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |