Ab California Portfolio Fund Manager Performance Evaluation
| ALCAX Fund | USD 10.47 0.02 0.19% |
The fund owns a Beta (Systematic Risk) of 0.0512, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ab California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab California is expected to be smaller as well.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Ab California Portfolio has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Ab California is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 30th of September 2022 | |
| Expense Ratio | 0.7500 |
ALCAX |
Ab California Relative Risk vs. Return Landscape
If you would invest 1,065 in Ab California Portfolio on September 26, 2024 and sell it today you would lose (18.00) from holding Ab California Portfolio or give up 1.69% of portfolio value over 90 days. Ab California Portfolio is currently producing negative expected returns and takes up 0.2673% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than ALCAX, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Ab California Current Valuation
Fairly Valued
Today
Please note that Ab California's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Ab California Portfolio owns a latest Real Value of $10.5 per share. The recent price of the fund is $10.47. We determine the value of Ab California Portfolio from examining fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some future date, mutual fund prices and their ongoing real values will grow together.
Since Ab California is currently traded on the exchange, buyers and sellers on that exchange determine the market value of ALCAX Mutual Fund. However, Ab California's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 10.47 | Real 10.5 | Hype 10.47 |
The intrinsic value of Ab California's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Ab California's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Ab California Portfolio helps investors to forecast how ALCAX mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Ab California more accurately as focusing exclusively on Ab California's fundamentals will not take into account other important factors: Ab California Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab California's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Ab California Portfolio, and traders can use it to determine the average amount a Ab California's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0999
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ALCAX |
Estimated Market Risk
| 0.27 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ab California is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ab California by adding Ab California to a well-diversified portfolio.
Ab California Fundamentals Growth
ALCAX Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Ab California, and Ab California fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ALCAX Mutual Fund performance.
| Total Asset | 469.66 M | ||||
About Ab California Performance
Evaluating Ab California's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Ab California has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Ab California has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests principally in high-yielding, predominantly investment grade municipal securities. It invests at least 80 percent of its net assets in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the federal alternative minimum tax for certain taxpayers.Things to note about Ab California Portfolio performance evaluation
Checking the ongoing alerts about Ab California for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Ab California Portfolio help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Ab California generated a negative expected return over the last 90 days | |
| The fund generated three year return of 0.0% | |
| Ab California Portfolio holds most of the assets under management (AUM) in different types of exotic instruments. |
- Analyzing Ab California's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Ab California's stock is overvalued or undervalued compared to its peers.
- Examining Ab California's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Ab California's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ab California's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Ab California's mutual fund. These opinions can provide insight into Ab California's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in ALCAX Mutual Fund
Ab California financial ratios help investors to determine whether ALCAX 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 ALCAX with respect to the benefits of owning Ab California security.
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