IShares California Financial Statements From 2010 to 2024
| CMF Etf | USD 57.78 0.03 0.05% |
Check IShares California financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among IShares California's main balance sheet or income statement drivers, such as , as well as many indicators such as . IShares financial statements analysis is a perfect complement when working with IShares California Valuation or Volatility modules.
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iShares California Muni ETF Beta Analysis
IShares California's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current IShares California Beta | 0.94 |
Most of IShares California's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, iShares California Muni is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, iShares California Muni has a Beta of 0.94. This is much higher than that of the iShares family and significantly higher than that of the Muni California Long category. The beta for all United States etfs is notably lower than that of the firm.
About IShares California Financial Statements
IShares California stakeholders use historical fundamental indicators, such as IShares California's revenue or net income, to determine how well the company is positioned to perform in the future. Although IShares California investors may analyze each financial statement separately, they are all interrelated. For example, changes in IShares California's assets and liabilities are reflected in the revenues and expenses on IShares California's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in iShares California Muni. Please read more on our technical analysis and fundamental analysis pages.
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.
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When determining whether iShares California Muni is a strong investment it is important to analyze IShares California's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact IShares California's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out the analysis of IShares California Correlation against competitors. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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.