California Intermediate-ter Correlations

Mutual Funds . USA . 
Fund . California Intermediate Term Tax Free
BCIYX Fund  USD 11.17  0.01  0.09%   
The current 90-days correlation between California Intermediate-ter and Stringer Growth Fund is -0.01 (i.e., Good diversification). The correlation of California Intermediate-ter 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

California Intermediate-ter Correlation With Market

Significant diversification

The correlation between California Intermediate Term T and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding California Intermediate Term T and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Intermediate Term Tax Free. 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 manufacturing.

Moving together with CALIFORNIA Mutual Fund

  0.68CDBCX Diversified BondPairCorr
  0.74TWCCX Ultra Fund CPairCorr
  0.69TWCIX Select Fund InvestorPairCorr
  0.74TWCGX Growth Fund InvestorPairCorr
  0.71TWCUX Ultra Fund InvestorPairCorr
  0.64TWHIX Heritage Fund InvestorPairCorr
  0.77TWTIX Intermediate Term TaxPairCorr
  0.66TWSMX Strategic Allocation:PairCorr
  0.98TWWOX Intermediate Term TaxPairCorr
  0.69AOCIX One Choice PortfolioPairCorr
  0.65AOMIX One Choice PortfolioPairCorr
  0.72AONIX One Choice PortfolioPairCorr
  0.66AOOIX One Choice 2045PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between CALIFORNIA Mutual Fund performing well and California Intermediate-ter 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 Intermediate-ter'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.

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