Ishares California Muni Etf Fundamentals
| CMF Etf | USD 57.89 0.11 0.19% |
iShares California Muni fundamentals help investors to digest information that contributes to IShares California's financial success or failures. It also enables traders to predict the movement of IShares Etf. The fundamental analysis module provides a way to measure IShares California's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to IShares California etf.
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iShares California Muni ETF Beta Analysis
IShares California's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current IShares California Beta | 0.94 |
Most of IShares California's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, iShares California Muni is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, iShares California Muni has a Beta of 0.94. This is much higher than that of the iShares family and significantly higher than that of the Muni California Long category. The beta for all United States etfs is notably lower than that of the firm.
IShares Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses IShares California's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of IShares California could also be used in its relative valuation, which is a method of valuing IShares California by comparing valuation metrics of similar companies.IShares California is currently under evaluation in beta as compared to similar ETFs.
IShares California returns are very sensitive to returns on the market. As the market goes up or down, IShares California is expected to follow.
IShares Fundamentals
| Number Of Employees | 90 | |||
| Beta | 0.94 | |||
| Total Asset | 1.66 B | |||
| One Year Return | 5.50 % | |||
| Three Year Return | (0.10) % | |||
| Five Year Return | 0.90 % | |||
| Ten Year Return | 2.00 % | |||
| Net Asset | 1.66 B | |||
| Last Dividend Paid | 0.0838 |
About IShares California Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze iShares California Muni's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IShares California using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of iShares California Muni based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The index includes municipal bonds issued in the State of California, the interest of which is exempt from Federal income taxes and not subject to AMT. California Muni is traded on NYSEARCA Exchange in the United States.
Currently Active Assets on Macroaxis
When determining whether iShares California Muni is a strong investment it is important to analyze IShares California's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact IShares California's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out IShares California Piotroski F Score and IShares California Altman Z Score analysis. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of iShares California Muni is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares California's value that differs from its market value or its book value, called intrinsic value, which is IShares California's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IShares California's market value can be influenced by many factors that don't directly affect IShares California's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IShares California's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares California's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.