California Municipal Competition
| AICAXDelisted Fund | USD 13.79 0.00 0.00% |
California Municipal vs Ab Bond Correlation
Very poor diversification
The correlation between California Municipal Portfolio and ABNTX is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding California Municipal Portfolio and ABNTX in the same portfolio, assuming nothing else is changed.
Moving together with California Mutual Fund
California Municipal Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between California Municipal and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of California and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of California Municipal does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between California Mutual Fund performing well and California Municipal Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze California Municipal's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DODEX | 0.57 | 0.21 | 0.24 | 0.48 | 0.12 | 1.53 | 3.26 | |||
| EMSLX | 0.95 | 0.51 | 0.45 | 1.35 | 0.00 | 2.05 | 19.48 | |||
| ABPYX | 0.38 | (0.05) | (0.16) | (0.01) | 0.55 | 0.70 | 2.36 | |||
| VASGX | 0.43 | 0.05 | 0.03 | 0.18 | 0.39 | 0.91 | 2.75 | |||
| MFTFX | 0.97 | 0.32 | 0.14 | (1.43) | 1.05 | 1.95 | 6.29 | |||
| RYMBX | 0.96 | 0.14 | 0.04 | (5.17) | 1.03 | 1.84 | 6.05 | |||
| ABNTX | 0.08 | 0.00 | (0.65) | (0.53) | 0.00 | 0.10 | 0.39 |
California Municipal Competitive Analysis
The better you understand California Municipal competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, California Municipal's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across California Municipal's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
California Municipal Competition Performance Charts
Five steps to successful analysis of California Municipal Competition
California Municipal's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by California Municipal in relation to its competition. California Municipal's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of California Municipal in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact California Municipal's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to California Municipal, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your California Municipal position
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Other Consideration for investing in California Mutual Fund
If you are still planning to invest in California Municipal check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the California Municipal's history and understand the potential risks before investing.
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