Ishares California Muni Etf Market Value
| CMF Etf | USD 56.55 0.03 0.05% |
| Symbol | IShares |
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.
IShares California 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to IShares California's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of IShares California.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in IShares California on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding iShares California Muni or generate 0.0% return on investment in IShares California over 90 days. IShares California is related to or competes with IShares New, Invesco California, IShares Intermediate, IShares Short, and IShares Agency. The index includes municipal bonds issued in the State of California, the interest of which is exempt from Federal incom... More
IShares California Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure IShares California's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess iShares California Muni upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.4365 | |||
| Maximum Drawdown | 0.9004 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.4069 |
IShares California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares California's standard deviation. In reality, there are many statistical measures that can use IShares California historical prices to predict the future IShares California's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.0025 | |||
| Treynor Ratio | (0.76) |
iShares California Muni Backtested Returns
iShares California Muni holds Efficiency (Sharpe) Ratio of -0.0727, which attests that the entity had a -0.0727 % return per unit of risk over the last 3 months. iShares California Muni exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares California's Risk Adjusted Performance of (0.12), market risk adjusted performance of (0.75), and Standard Deviation of 0.2392 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.0495, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares California's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares California is expected to be smaller as well.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
iShares California Muni has almost perfect reverse predictability. Overlapping area represents the amount of predictability between IShares California time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of iShares California Muni price movement. The serial correlation of -0.73 indicates that around 73.0% of current IShares California price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
iShares California Muni lagged returns against current returns
Autocorrelation, which is IShares California etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting IShares California's etf expected returns. We can calculate the autocorrelation of IShares California returns to help us make a trade decision. For example, suppose you find that IShares California has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
IShares California regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If IShares California etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares California etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares California etf over time.
Current vs Lagged Prices |
| Timeline |
IShares California Lagged Returns
When evaluating IShares California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares California etf have on its future price. IShares California autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, IShares California autocorrelation shows the relationship between IShares California etf current value and its past values and can show if there is a momentum factor associated with investing in iShares California Muni.
Regressed Prices |
| Timeline |
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 Correlation, IShares California Volatility and IShares California Alpha and Beta module to complement your research on IShares California. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
IShares California technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.