California High One Year Return vs. Five Year Return
| BCHYX Fund | USD 9.92 0.04 0.40% |
For California High profitability analysis, we use financial ratios and fundamental drivers that measure the ability of California High to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well California High Yield Municipal utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between California High's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of California High Yield Municipal over time as well as its relative position and ranking within its peers.
California |
California High Yield Five Year Return vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining California High's current stock value. Our valuation model uses many indicators to compare California High value to that of its competitors to determine the firm's financial worth. California High Yield Municipal is the top fund in one year return among similar funds. It is third largest fund in five year return among similar funds reporting about 0.18 of Five Year Return per One Year Return. The ratio of One Year Return to Five Year Return for California High Yield Municipal is roughly 5.44 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the California High's earnings, one of the primary drivers of an investment's value.California Five Year Return vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
California High |
| = | 7.82 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
California High |
| = | 1.44 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
California Five Year Return Comparison
California High is currently under evaluation in five year return among similar funds.
California High Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in California High, profitability is also one of the essential criteria for including it into their portfolios because, without profit, California High will eventually generate negative long term returns. The profitability progress is the general direction of California High's change in net profit over the period of time. It can combine multiple indicators of California High, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests at least 80 percent of its net assets in municipal securities with income payments exempt from federal and California income taxes. It invests in California municipal and other debt securities with an emphasis on high-yield securities. A high-yield security is one that has been rated below investment-grade, or determined by the investment advisor to be of similar quality. The portfolio managers also may buy unrated securities if they determine such securities meet the investment objectives of the fund.
California Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on California High. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of California High position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the California High's important profitability drivers and their relationship over time.
Use California High in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if California High position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in California High will appreciate offsetting losses from the drop in the long position's value.California High Pair Trading
California High Yield Municipal Pair Trading Analysis
The ability to find closely correlated positions to California High could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California High when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back California High - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling California High Yield Municipal to buy it.
The correlation of California High is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as California High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California High Yield moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for California High can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your California High position
In addition to having California High in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Exotic Funds Thematic Idea Now
Exotic Funds
Funds or Etfs with high minimum investment requirement that manage portfolios of alternative investments such as hedge funds, options, futures, real estate or commodities. The Exotic Funds theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Exotic Funds Theme or any other thematic opportunities.
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Other Information on Investing in California Mutual Fund
To fully project California High's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of California High Yield at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include California High's income statement, its balance sheet, and the statement of cash flows.
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