California Intermediate Five Year Return vs. Annual Yield
| BCITX Fund | USD 11.12 0.08 0.71% |
For California Intermediate profitability analysis, we use financial ratios and fundamental drivers that measure the ability of California Intermediate to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well California Intermediate Term Tax Free utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between California Intermediate's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of California Intermediate Term Tax Free over time as well as its relative position and ranking within its peers.
California |
California Intermediate Annual Yield vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining California Intermediate's current stock value. Our valuation model uses many indicators to compare California Intermediate value to that of its competitors to determine the firm's financial worth. California Intermediate Term Tax Free is the top fund in five year return among similar funds. It also is the top fund in annual yield among similar funds fabricating about 0.01 of Annual Yield per Five Year Return. The ratio of Five Year Return to Annual Yield for California Intermediate Term Tax Free is roughly 179.32 . 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 Intermediate's earnings, one of the primary drivers of an investment's value.California Annual Yield vs. Five Year Return
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 Intermediate |
| = | 0.95 % |
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.
Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
California Intermediate |
| = | 0.01 % |
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
California Annual Yield Comparison
California Intermediate is currently under evaluation in annual yield among similar funds.
California Intermediate Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in California Intermediate, profitability is also one of the essential criteria for including it into their portfolios because, without profit, California Intermediate will eventually generate negative long term returns. The profitability progress is the general direction of California Intermediate's change in net profit over the period of time. It can combine multiple indicators of California Intermediate, 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 portfolio managers primarily buy investment-grade debt securities and, under normal market conditions, will invest at least 80 percent of the funds net assets in debt securities that have interest payments exempt from federal and California income taxes. Cities, counties and other municipalities in California and U.S. territories, such as Puerto Rico, issue these securities. The funds weighted average maturity will be not less than three years nor more than ten years. However, there is no maturity limit on individual securities.
California Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on California Intermediate. 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 Intermediate 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 Intermediate's important profitability drivers and their relationship over time.
Use California Intermediate 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 Intermediate 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 Intermediate will appreciate offsetting losses from the drop in the long position's value.California Intermediate Pair Trading
California Intermediate Term Tax Free Pair Trading Analysis
The ability to find closely correlated positions to California Intermediate 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 Intermediate 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 Intermediate - 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 Intermediate Term Tax Free to buy it.
The correlation of California Intermediate 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 Intermediate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Intermediate 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 Intermediate 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 Intermediate position
In addition to having California Intermediate 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 Music and Video Thematic Idea Now
Music and Video
Companies specializing in music, video and movie production and distribution. The Music and Video theme has 36 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 Music and Video Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in California Mutual Fund
To fully project California Intermediate's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of California Intermediate 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 Intermediate's income statement, its balance sheet, and the statement of cash flows.
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |