Ishares California Muni Etf Performance
| CMF Etf | USD 56.45 0.09 0.16% |
The etf retains a Market Volatility (i.e., Beta) of 0.0251, 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.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days iShares California Muni has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable primary indicators, IShares California is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| In Threey Sharp Ratio | -0.48 |
IShares |
IShares California Relative Risk vs. Return Landscape
If you would invest 5,668 in iShares California Muni on December 24, 2024 and sell it today you would lose (23.00) from holding iShares California Muni or give up 0.41% of portfolio value over 90 days. iShares California Muni is generating negative expected returns assuming volatility of 0.213% on return distribution over 90 days investment horizon. In other words, 1% of etfs are less volatile than IShares, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
IShares California Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares California's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as iShares California Muni, and traders can use it to determine the average amount a IShares California's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0302
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| Negative Returns | CMF |
Estimated Market Risk
| 0.21 actual daily | 1 99% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average IShares California is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of IShares California by adding IShares California to a well-diversified portfolio.
IShares California Fundamentals Growth
IShares Etf prices reflect investors' perceptions of the future prospects and financial health of IShares California, and IShares California fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on IShares Etf performance.
| Total Asset | 1.66 B | |||
About IShares California Performance
By analyzing IShares California's fundamental ratios, stakeholders can gain valuable insights into IShares California's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if IShares California has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if IShares California has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.| IShares California generated a negative expected return over the last 90 days | |
| The fund holds all of the assets under management (AUM) in different types of exotic instruments |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in iShares California Muni. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.