Ishares California Muni Etf Price on September 26, 2024
| CMF Etf | USD 57.89 0.11 0.19% |
Below is the normalized historical share price chart for iShares California Muni extending back to October 05, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of IShares California stands at 57.89, as last reported on the 28th of November, with the highest price reaching 57.94 and the lowest price hitting 57.84 during the day.
If you're considering investing in IShares Etf, it is important to understand the factors that can impact its price. At this point, IShares California is very steady. iShares California Muni holds Efficiency (Sharpe) Ratio of 0.0686, which attests that the entity had a 0.0686% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares California Muni, which you can use to evaluate the volatility of the entity. Please check out IShares California's Downside Deviation of 0.3485, market risk adjusted performance of (0.04), and Risk Adjusted Performance of 0.0269 to validate if the risk estimate we provide is consistent with the expected return of 0.0194%.
IShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 7.2 | 200 Day MA 57.368 | 1 y Volatility 6.42 | 50 Day MA 57.5754 | Inception Date 2007-10-04 |
IShares |
Sharpe Ratio = 0.0686
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| Negative Returns | CMF |
Estimated Market Risk
| 0.28 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average IShares California is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of IShares California by adding it to a well-diversified portfolio.
IShares California Valuation on September 26, 2024
It is possible to determine the worth of IShares California on a given historical date. On September 26, 2024 IShares was worth 57.76 at the beginning of the trading date compared to the closed value of 57.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IShares California etf. Still, in general, we apply an absolute valuation method to find IShares California's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of IShares California where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IShares California's related companies.
| Open | High | Low | Close | Volume | |
| 57.78 | 57.78 | 57.69 | 57.72 | 132,128 | |
09/26/2024 | 57.76 | 57.77 | 57.69 | 57.74 | 152,757 |
| 57.79 | 57.90 | 57.79 | 57.89 | 187,768 |
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IShares California Trading Date Momentum on September 26, 2024
| On September 27 2024 iShares California Muni was traded for 57.89 at the closing time. Highest IShares California's price during the trading hours was 57.90 and the lowest price during the day was 57.79 . The net volume was 187.8 K. The overall trading history on the 27th of September contributed to the next trading period price rise. The overall trading delta to the next next day price was 0.26% . The trading date delta to current price is 0.19% . |
iShares California Muni Fundamentals Correlations and Trends
By evaluating IShares California's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among IShares California's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. IShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About IShares California Etf history
IShares California investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for IShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in iShares California Muni will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing IShares California stock prices may prove useful in developing a viable investing in IShares California
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.
IShares California Etf Technical Analysis
IShares California technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
IShares California Period Price Range
Low | November 28, 2024
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0.00 | 0.00 |
iShares California Muni cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
IShares California November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how IShares California etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IShares California shares will generate the highest return on investment. By undertsting and applying IShares California etf market strength indicators, traders can identify iShares California Muni entry and exit signals to maximize returns
IShares California Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IShares California's price direction in advance. Along with the technical and fundamental analysis of IShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of IShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0269 | |||
| Jensen Alpha | 0.0198 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | (0.05) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in iShares California Muni. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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.