Deutsche California Tax Free Fund Market Value
| KCTCX Fund | USD 6.69 0.02 0.30% |
| Symbol | Deutsche |
Deutsche California 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Deutsche California's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Deutsche California.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Deutsche California on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Deutsche California Tax Free or generate 0.0% return on investment in Deutsche California over 180 days. Deutsche California is related to or competes with Deutsche Gnma, Deutsche Short, Deutsche Short, Deutsche Science, Deutsche Science, Deutsche Science, and Deutsche Science. The fund invests at least 80 percent of net assets, plus the amount of any borrowings for investment purposes, in securi... More
Deutsche California Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Deutsche California's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Deutsche California Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4705 | |||
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.66 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.4525 |
Deutsche California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche California's standard deviation. In reality, there are many statistical measures that can use Deutsche California historical prices to predict the future Deutsche California's volatility.| Risk Adjusted Performance | 0.0213 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Deutsche California'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.
Deutsche California Tax Backtested Returns
At this stage we consider Deutsche Mutual Fund to be very steady. Deutsche California Tax secures Sharpe Ratio (or Efficiency) of 0.0356, which denotes the fund had a 0.0356% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Deutsche California Tax Free, which you can use to evaluate the volatility of the entity. Please confirm Deutsche California's Downside Deviation of 0.4705, coefficient of variation of 1941.25, and Mean Deviation of 0.1598 to check if the risk estimate we provide is consistent with the expected return of 0.0097%. The fund shows a Beta (market volatility) of -0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Deutsche California are expected to decrease at a much lower rate. During the bear market, Deutsche California is likely to outperform the market.
Auto-correlation | -0.56 |
Good reverse predictability
Deutsche California Tax Free has good reverse predictability. Overlapping area represents the amount of predictability between Deutsche California time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Deutsche California Tax price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Deutsche California price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Deutsche California Tax lagged returns against current returns
Autocorrelation, which is Deutsche California mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Deutsche California's mutual fund expected returns. We can calculate the autocorrelation of Deutsche California returns to help us make a trade decision. For example, suppose you find that Deutsche California has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Deutsche California regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Deutsche California mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche California mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deutsche California mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche California Lagged Returns
When evaluating Deutsche California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche California mutual fund have on its future price. Deutsche California autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Deutsche California autocorrelation shows the relationship between Deutsche California mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche California Tax Free.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account |