California Municipal Portfolio Fund Market Value
| SNCAX Fund | USD 13.92 0.02 0.14% |
| Symbol | California |
California Municipal '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 Municipal'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 Municipal.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in California Municipal on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding California Municipal Portfolio or generate 0.0% return on investment in California Municipal over 30 days. California Municipal is related to or competes with Goldman Sachs, Dodge Cox, Pace International, Mondrian Emerging, Ashmore Emerging, and The Hartford. The fund invests at least 80 percent of its net assets in a portfolio of municipal securities issued by the State of Cal... More
California Municipal 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 Municipal'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 Municipal Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.237 | |||
| Information Ratio | 0.0496 | |||
| Maximum Drawdown | 0.8702 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.2888 |
California Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for California Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as California Municipal's standard deviation. In reality, there are many statistical measures that can use California Municipal historical prices to predict the future California Municipal's volatility.| Risk Adjusted Performance | 0.0192 | |||
| Jensen Alpha | 0.0025 | |||
| Total Risk Alpha | 0.0037 | |||
| Sortino Ratio | 0.0364 | |||
| Treynor Ratio | 0.0427 |
California Municipal Backtested Returns
At this stage we consider California Mutual Fund to be very steady. California Municipal secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the fund had a close to zero % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for California Municipal Portfolio, which you can use to evaluate the volatility of the entity. Please confirm California Municipal's Mean Deviation of 0.1265, downside deviation of 0.237, and Risk Adjusted Performance of 0.0192 to double-check if the risk estimate we provide is consistent with the expected return of 0.0014%. The fund shows a Beta (market volatility) of 0.0508, which signifies not very significant fluctuations relative to the market. As returns on the market increase, California Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding California Municipal is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
California Municipal Portfolio has very good predictability. Overlapping area represents the amount of predictability between California Municipal time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Municipal price movement. The serial correlation of 0.8 indicates that around 80.0% of current California Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
California Municipal lagged returns against current returns
Autocorrelation, which is California Municipal 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 Municipal's mutual fund expected returns. We can calculate the autocorrelation of California Municipal returns to help us make a trade decision. For example, suppose you find that California Municipal 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 Municipal 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 Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if California Municipal 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 Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
California Municipal Lagged Returns
When evaluating California Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of California Municipal mutual fund have on its future price. California Municipal 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 Municipal autocorrelation shows the relationship between California Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in California Municipal Portfolio.
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 Municipal 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 Municipal security.
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Stocks Directory Find actively traded stocks across global markets | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |