California Limited Term Tax Free Fund Market Value
| SFCCX Fund | USD 10.17 0.02 0.20% |
| Symbol | California |
California Limited '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 California Limited's mutual fund 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 California Limited.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in California Limited on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding California Limited Term Tax Free or generate 0.0% return on investment in California Limited over 30 days. California Limited is related to or competes with Wells Fargo, Wells Fargo, Wells Fargo, Wells Fargo, Wells Fargo, Wells Fargo, and Wells Fargo. The fund invests at least 80 percent of the funds net assets in municipal securities whose interest is exempt from feder... More
California Limited 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 California Limited's mutual fund 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 California Limited Term Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.90) | |||
| Maximum Drawdown | 0.6878 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.0987 |
California Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for California Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as California Limited's standard deviation. In reality, there are many statistical measures that can use California Limited historical prices to predict the future California Limited's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 0.431 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of California Limited'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 Limited Term Backtested Returns
California Limited Term secures Sharpe Ratio (or Efficiency) of -0.0513, which signifies that the fund had a -0.0513% return per unit of risk over the last 3 months. California Limited Term Tax Free exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm California Limited's Mean Deviation of 0.0667, risk adjusted performance of (0.08), and Standard Deviation of 0.1162 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0334, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning California Limited are expected to decrease at a much lower rate. During the bear market, California Limited is likely to outperform the market.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
California Limited Term Tax Free has almost perfect reverse predictability. Overlapping area represents the amount of predictability between California Limited time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of California Limited Term price movement. The serial correlation of -0.76 indicates that around 76.0% of current California Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
California Limited Term lagged returns against current returns
Autocorrelation, which is California Limited mutual fund'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 California Limited's mutual fund expected returns. We can calculate the autocorrelation of California Limited returns to help us make a trade decision. For example, suppose you find that California Limited has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
California Limited 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 California Limited mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if California Limited mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in California Limited mutual fund over time.
Current vs Lagged Prices |
| Timeline |
California Limited Lagged Returns
When evaluating California Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of California Limited mutual fund have on its future price. California Limited 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, California Limited autocorrelation shows the relationship between California Limited mutual fund current value and its past values and can show if there is a momentum factor associated with investing in California Limited Term Tax Free.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in California Mutual Fund
California Limited 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 Limited security.
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