California Limited Term Tax Free Fund Market Value
| SFCIX Fund | USD 10.14 0.01 0.1% |
| Symbol | California |
California Limited-term '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-term'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-term.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in California Limited-term on December 15, 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-term over 90 days. California Limited-term is related to or competes with Fidelity Managed, Jp Morgan, Voya Target, Transamerica Cleartrack, Lifestyle, Retirement Living, and Dimensional Retirement. The fund invests at least 80 percent of the funds net assets in municipal securities whose interest is exempt from feder... More
California Limited-term 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-term'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 | 1.04 | |||
| Maximum Drawdown | 0.4951 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.198 |
California Limited-term Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for California Limited-term's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as California Limited-term's standard deviation. In reality, there are many statistical measures that can use California Limited-term historical prices to predict the future California Limited-term's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.0098 | |||
| Treynor Ratio | (0.72) |
California Limited Term Backtested Returns
At this stage we consider California Mutual Fund to be very steady. California Limited Term secures Sharpe Ratio (or Efficiency) of 0.0262, which signifies that the fund had a 0.0262 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for California Limited Term Tax Free, which you can use to evaluate the volatility of the entity. Please confirm California Limited-term's Standard Deviation of 0.1257, risk adjusted performance of (0.07), and Mean Deviation of 0.089 to double-check if the risk estimate we provide is consistent with the expected return of 0.0034%. The fund shows a Beta (market volatility) of 0.0158, which signifies not very significant fluctuations relative to the market. As returns on the market increase, California Limited-term's returns are expected to increase less than the market. However, during the bear market, the loss of holding California Limited-term is expected to be smaller as well.
Auto-correlation | -0.43 |
Modest reverse predictability
California Limited Term Tax Free has modest reverse predictability. Overlapping area represents the amount of predictability between California Limited-term 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 California Limited Term price movement. The serial correlation of -0.43 indicates that just about 43.0% of current California Limited-term price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
California Limited Term lagged returns against current returns
Autocorrelation, which is California Limited-term 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-term's mutual fund expected returns. We can calculate the autocorrelation of California Limited-term returns to help us make a trade decision. For example, suppose you find that California Limited-term 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-term 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-term mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if California Limited-term 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-term mutual fund over time.
Current vs Lagged Prices |
| Timeline |
California Limited-term Lagged Returns
When evaluating California Limited-term's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of California Limited-term mutual fund have on its future price. California Limited-term 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-term autocorrelation shows the relationship between California Limited-term 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-term 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-term security.
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