Deutsche California Tax Free Fund Buy Hold or Sell Recommendation

KCTAX Fund  USD 6.76  0.01  0.15%   
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Deutsche California Tax Free is 'Strong Sell'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Deutsche California Tax Free given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Deutsche California Tax Free, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Deutsche California Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note, we conduct extensive research on individual funds such as Deutsche and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Deutsche California Tax Free. 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 nation.

Execute Deutsche California Buy or Sell Advice

The Deutsche recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Deutsche California Tax Free. Macroaxis does not own or have any residual interests in Deutsche California Tax Free or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Deutsche California's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Deutsche CaliforniaBuy Deutsche California
Strong Sell

Market Performance

WeakDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Moves indifferently to market movesDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Deutsche California Tax Free has a Mean Deviation of 0.1568, Semi Deviation of 0.2298, Standard Deviation of 0.2655, Variance of 0.0705, Downside Variance of 0.2647 and Semi Variance of 0.0528
We provide trade advice to complement the prevailing expert consensus on Deutsche California Tax. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the fund's potential to grow using all technical and fundamental data available at the time. Please use Deutsche California number of employees, three year return, as well as the relationship between the Three Year Return and bond positions weight to make buy, hold, or sell decision on Deutsche California Tax.

Deutsche California Trading Alerts and Improvement Suggestions

The fund generated three year return of -1.0%
Deutsche California Tax maintains most of the assets in different exotic instruments.

Deutsche California Returns Distribution Density

The distribution of Deutsche California's historical returns is an attempt to chart the uncertainty of Deutsche California's future price movements. The chart of the probability distribution of Deutsche California daily returns describes the distribution of returns around its average expected value. We use Deutsche California Tax Free price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Deutsche California returns is essential to provide solid investment advice for Deutsche California.
Mean Return
0.02
Value At Risk
-0.3
Potential Upside
0.30
Standard Deviation
0.27
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Deutsche California historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Deutsche California Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Deutsche California or DWS sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Deutsche California's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Deutsche fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
0.02
β
Beta against Dow Jones-0.12
σ
Overall volatility
0.27
Ir
Information ratio -0.49

Deutsche California Volatility Alert

Deutsche California Tax Free exhibits very low volatility with skewness of -1.91 and kurtosis of 7.76. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Deutsche California's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Deutsche California's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Deutsche California Fundamentals Vs Peers

Comparing Deutsche California's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Deutsche California's direct or indirect competition across all of the common fundamentals between Deutsche California and the related equities. This way, we can detect undervalued stocks with similar characteristics as Deutsche California or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Deutsche California's fundamental indicators could also be used in its relative valuation, which is a method of valuing Deutsche California by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Deutsche California to competition
FundamentalsDeutsche CaliforniaPeer Average
Annual Yield0.01 %0.29 %
Year To Date Return3.72 %0.39 %
One Year Return7.19 %4.15 %
Three Year Return(0.65) %3.60 %
Five Year Return0.70 %3.24 %
Ten Year Return3.90 %1.79 %
Net Asset375.72 M4.11 B
Last Dividend Paid0.010.65
Bond Positions Weight3.03 %11.24 %

Deutsche California Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Deutsche . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Deutsche California Buy or Sell Advice

When is the right time to buy or sell Deutsche California Tax Free? Buying financial instruments such as Deutsche Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

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In addition to having Deutsche California in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Office Supplies
Office Supplies Theme
Companies producing and selling office supplies, and accessories. The Office Supplies theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Office Supplies Theme or any other thematic opportunities.
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