Deutsche California Tax Free Fund Buy Hold or Sell Recommendation
| KCTAX Fund | USD 6.71 0.01 0.15% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Deutsche California Tax Free is 'Not Rated'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Deutsche California Tax Free given historical horizon and risk tolerance towards Deutsche California. When Macroaxis issues a 'buy' or 'sell' recommendation for Deutsche California Tax Free, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Deutsche California Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as Deutsche and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Deutsche California 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 nation.
Deutsche |
Execute Deutsche California Buy or Sell Advice
The Deutsche recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Deutsche California Tax Free. Macroaxis does not own or have any residual interests in Deutsche California Tax Free or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Deutsche California's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Out of control | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details |
Deutsche California Trading Alerts and Improvement Suggestions
| The fund generated three year return of -1.0% | |
| Deutsche California Tax maintains most of the assets in different exotic instruments. |
Deutsche California Returns Distribution Density
The distribution of Deutsche California's historical returns is an attempt to chart the uncertainty of Deutsche California's future price movements. The chart of the probability distribution of Deutsche California daily returns describes the distribution of returns around its average expected value. We use Deutsche California Tax Free price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Deutsche California returns is essential to provide solid investment advice for Deutsche California.
| Mean Return | 0.01 | Value At Risk | -0.3 | Potential Upside | 0.30 | Standard Deviation | 0.27 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Deutsche California historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Deutsche California Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Deutsche California or DWS sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Deutsche California's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Deutsche fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.0018 | |
β | Beta against Dow Jones | 0.03 | |
σ | Overall volatility | 0.27 | |
Ir | Information ratio | -0.44 |
Deutsche California Volatility Alert
Deutsche California Tax Free exhibits very low volatility with skewness of -1.86 and kurtosis of 7.49. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Deutsche California's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Deutsche California's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Deutsche California Fundamentals Vs Peers
Comparing Deutsche California's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Deutsche California's direct or indirect competition across all of the common fundamentals between Deutsche California and the related equities. This way, we can detect undervalued stocks with similar characteristics as Deutsche California or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Deutsche California's fundamental indicators could also be used in its relative valuation, which is a method of valuing Deutsche California by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Deutsche California to competition |
| Fundamentals | Deutsche California | Peer Average |
| Annual Yield | 0.01 % | 0.29 % |
| Year To Date Return | 2.76 % | 0.39 % |
| One Year Return | 7.42 % | 4.15 % |
| Three Year Return | (0.90) % | 3.60 % |
| Five Year Return | 0.55 % | 3.24 % |
| Ten Year Return | 3.90 % | 1.79 % |
| Net Asset | 375.72 M | 4.11 B |
| Last Dividend Paid | 0.01 | 0.65 |
| Bond Positions Weight | 3.03 % | 11.24 % |
Deutsche California Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Deutsche . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 6.71 | |||
| Day Typical Price | 6.71 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 | |||
| Relative Strength Index | 38.26 |
About Deutsche California Buy or Sell Advice
When is the right time to buy or sell Deutsche California Tax Free? Buying financial instruments such as Deutsche Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Other Information on Investing in Deutsche Mutual Fund
Deutsche California financial ratios help investors to determine whether Deutsche 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 Deutsche with respect to the benefits of owning Deutsche California security.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |