California High Yield Municipal Fund Probability of Future Mutual Fund Price Finishing Over 9.87
| BCHYX Fund | USD 9.87 0.02 0.20% |
California |
California High-yield Target Price Odds to finish over 9.87
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 move above the current price in 90 days |
| 9.87 | 90 days | 9.87 | about 50.0 |
Based on a normal probability distribution, the odds of California High-yield to move above the current price in 90 days from now is about 50.0 (This California High Yield Municipal probability density function shows the probability of California Mutual Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon California High Yield Municipal has a beta of -0.11 suggesting as returns on the benchmark increase, returns on holding California High-yield are expected to decrease at a much lower rate. During a bear market, however, California High Yield Municipal is likely to outperform the market. Additionally California High Yield Municipal has an alpha of 0.0139, implying that it can generate a 0.0139 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). California High-yield Price Density |
| Price |
Predictive Modules for California High-yield
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 High Yield. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of California High-yield's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
California High-yield Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. California High-yield is not an exception. The market had few large corrections towards the California High-yield'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 High Yield Municipal, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of California High-yield within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.45 |
California High-yield 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 High-yield for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for California High Yield 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 generated three year return of -1.0% | |
| California High Yield holds most of the assets under management (AUM) in different types of exotic instruments. |
California High-yield Technical Analysis
California High-yield'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 High Yield Municipal. In general, you should focus on analyzing California Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
California High-yield Predictive Forecast Models
California High-yield's time-series forecasting models is one of many California High-yield'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 High-yield'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 High Yield
Checking the ongoing alerts about California High-yield for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for California High Yield help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund generated three year return of -1.0% | |
| California High Yield holds most of the assets under management (AUM) in different types of exotic instruments. |
Other Information on Investing in California Mutual Fund
California High-yield 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 High-yield security.
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