California Tax Free Income Fund Manager Performance Evaluation
| CFNTX Fund | USD 10.73 0.03 0.28% |
The fund shows a Beta (market volatility) of 0.0361, which signifies not very significant fluctuations relative to the market. As returns on the market increase, California Tax-free's returns are expected to increase less than the market. However, during the bear market, the loss of holding California Tax-free is expected to be smaller as well.
Risk-Adjusted Performance
1 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in California Tax Free Income are ranked lower than 1 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, California Tax-free is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 1st of January 2023 | |
| Expense Ratio | 0.7000 |
California |
California Tax-free Relative Risk vs. Return Landscape
If you would invest 1,070 in California Tax Free Income on August 30, 2024 and sell it today you would earn a total of 3.00 from holding California Tax Free Income or generate 0.28% return on investment over 90 days. California Tax Free Income is currently producing 0.0046% returns and takes up 0.186% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than California, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
California Tax-free Current Valuation
Fairly Valued
Today
Please note that California Tax-free's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. California Tax Free shows a prevailing Real Value of $10.72 per share. The current price of the fund is $10.73. We determine the value of California Tax Free from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Since California Tax-free is currently traded on the exchange, buyers and sellers on that exchange determine the market value of California Mutual Fund. However, California Tax-free's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 10.73 | Real 10.72 | Hype 10.73 | Naive 10.73 |
The intrinsic value of California Tax-free's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence California Tax-free's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of California Tax Free Income helps investors to forecast how California mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of California Tax-free more accurately as focusing exclusively on California Tax-free's fundamentals will not take into account other important factors: California Tax-free Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for California Tax-free's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as California Tax Free Income, and traders can use it to determine the average amount a California Tax-free's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0248
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| Negative Returns | CFNTX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average California Tax-free is performing at about 1% 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 California Tax-free by adding it to a well-diversified portfolio.
California Tax-free Fundamentals Growth
California Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of California Tax-free, and California Tax-free fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on California Mutual Fund performance.
About California Tax-free Performance
Evaluating California Tax-free's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if California Tax-free has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if California Tax-free has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal market conditions, it is the funds fundamental policy to invest at least 80 percent of its total assets in California municipal bonds, that are exempt from federal and California state income taxes, although generally the percentage is much higher. The funds duration typically ranges from four to twelve years. It is non-diversified.Things to note about California Tax Free performance evaluation
Checking the ongoing alerts about California Tax-free for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for California Tax Free 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 Tax Free holds about 6.51% of its assets under management (AUM) in cash |
- Analyzing California Tax-free's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether California Tax-free's stock is overvalued or undervalued compared to its peers.
- Examining California Tax-free's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating California Tax-free's management team can have a significant impact on its success or failure. Reviewing the track record and experience of California Tax-free's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of California Tax-free's mutual fund. These opinions can provide insight into California Tax-free's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in California Mutual Fund
California Tax-free 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 Tax-free security.
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