California Municipal Portfolio Fund Probability of Future Mutual Fund Price Finishing Under 13.73
| AICAX Fund | USD 13.93 0.02 0.14% |
California |
California Municipal Target Price Odds to finish below 13.73
The tendency of California Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 13.73 or more in 90 days |
| 13.93 | 90 days | 13.73 | near 1 |
Based on a normal probability distribution, the odds of California Municipal to drop to $ 13.73 or more in 90 days from now is near 1 (This California Municipal Portfolio probability density function shows the probability of California Mutual Fund to fall within a particular range of prices over 90 days) . Probability of California Municipal price to stay between $ 13.73 and its current price of $13.93 at the end of the 90-day period is about 42.13 .
Assuming the 90 days horizon California Municipal Portfolio has a beta of -0.0585. This suggests as returns on the benchmark increase, returns on holding California Municipal are expected to decrease at a much lower rate. During a bear market, however, California Municipal Portfolio is likely to outperform the market. Additionally California Municipal Portfolio has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. California Municipal Price Density |
| Price |
Predictive Modules for California Municipal
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as California Municipal. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.California Municipal Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. California Municipal is not an exception. The market had few large corrections towards the California Municipal's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold California Municipal Portfolio, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of California Municipal within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0028 | |
β | Beta against Dow Jones | -0.06 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.86 |
California Municipal Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of California Municipal for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for California Municipal can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund holds about 5.79% of its assets under management (AUM) in cash |
California Municipal Technical Analysis
California Municipal's future price can be derived by breaking down and analyzing its technical indicators over time. California Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of California Municipal Portfolio. In general, you should focus on analyzing California Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
California Municipal Predictive Forecast Models
California Municipal's time-series forecasting models is one of many California Municipal's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary California Municipal's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about California Municipal
Checking the ongoing alerts about California Municipal for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for California Municipal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund holds about 5.79% of its assets under management (AUM) in cash |
Other Information on Investing in California Mutual Fund
California Municipal financial ratios help investors to determine whether California Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in California with respect to the benefits of owning California Municipal security.
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