Is PRFHX a Strong Bond Fund Right Now - Yahoo Finance

PRXCX Fund  USD 11.01  0.03  0.27%   
Slightly above 54% of California Tax-free's investor base is interested to short. The analysis of overall sentiment of trading California Tax Free Bond mutual fund suggests that many investors are impartial at this time. California Tax-free's investing sentiment can be driven by a variety of factors including economic data, California Tax-free's earnings reports, geopolitical events, and overall market trends.
  
Is PRFHX a Strong Bond Fund Right Now Yahoo Finance

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California Tax-free Fundamental Analysis

We analyze California Tax-free's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of California Tax-free using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of California Tax-free based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Bond Positions Weight

Bond Positions Weight Comparative Analysis

California Tax is currently under evaluation in bond positions weight among similar funds. Percentage of fund asset invested in fixed income securities. About 30% of U.S. mutual funds invest in bonds.

California Tax Free Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with California Tax-free mutual fund to make a market-neutral strategy. Peer analysis of California Tax-free could also be used in its relative valuation, which is a method of valuing California Tax-free by comparing valuation metrics with similar companies.

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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