California Intermediate Term Tax Free Fund Probability of Future Mutual Fund Price Finishing Under 10.73
| BCITX Fund | USD 11.29 0.02 0.18% |
California |
California Intermediate-ter Target Price Odds to finish below 10.73
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 $ 10.73 or more in 90 days |
| 11.29 | 90 days | 10.73 | near 1 |
Based on a normal probability distribution, the odds of California Intermediate-ter to drop to $ 10.73 or more in 90 days from now is near 1 (This California Intermediate Term Tax Free probability density function shows the probability of California Mutual Fund to fall within a particular range of prices over 90 days) . Probability of California Intermediate-ter price to stay between $ 10.73 and its current price of $11.29 at the end of the 90-day period is about 89.89 .
Assuming the 90 days horizon California Intermediate-ter has a beta of 0.0342 suggesting as returns on the market go up, California Intermediate-ter average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding California Intermediate Term Tax Free will be expected to be much smaller as well. Additionally California Intermediate Term Tax Free 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 Intermediate-ter Price Density |
| Price |
Predictive Modules for California Intermediate-ter
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 Intermediate-ter. 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 Intermediate-ter'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 Intermediate-ter Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. California Intermediate-ter is not an exception. The market had few large corrections towards the California Intermediate-ter'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 Intermediate Term Tax Free, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of California Intermediate-ter within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0034 | |
β | Beta against Dow Jones | 0.03 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.69 |
California Intermediate-ter 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 Intermediate-ter for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for California Intermediate-ter 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 0.0% | |
| California Intermediate-ter holds most of the assets under management (AUM) in different types of exotic instruments. |
California Intermediate-ter Technical Analysis
California Intermediate-ter'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 Intermediate Term Tax Free. In general, you should focus on analyzing California Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
California Intermediate-ter Predictive Forecast Models
California Intermediate-ter's time-series forecasting models is one of many California Intermediate-ter'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 Intermediate-ter'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 Intermediate-ter
Checking the ongoing alerts about California Intermediate-ter for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for California Intermediate-ter 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 0.0% | |
| California Intermediate-ter holds most of the assets under management (AUM) in different types of exotic instruments. |
Other Information on Investing in California Mutual Fund
California Intermediate-ter 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 Intermediate-ter security.
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