California Municipal Portfolio Fund Market Value
| SNCAX Fund | USD 25.10 0.02 0.08% |
| Symbol | California |
California Municipal '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 California Municipal'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 California Municipal.
| 10/04/2025 |
| 01/02/2026 |
If you would invest 0.00 in California Municipal on October 4, 2025 and sell it all today you would earn a total of 0.00 from holding California Municipal Portfolio or generate 0.0% return on investment in California Municipal over 90 days. California Municipal is related to or competes with New York, Oppenheimer Rochester, Morningstar Unconstrained, High Yield, Thrivent High, and Via Renewables. The fund invests at least 80 percent of its net assets in a portfolio of municipal securities issued by the State of Cal... More
California Municipal 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 California Municipal'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 California Municipal Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1514 | |||
| Information Ratio | 0.1174 | |||
| Maximum Drawdown | 80.17 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.1592 |
California Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for California Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as California Municipal's standard deviation. In reality, there are many statistical measures that can use California Municipal historical prices to predict the future California Municipal's volatility.| Risk Adjusted Performance | 0.0963 | |||
| Jensen Alpha | 1.05 | |||
| Total Risk Alpha | 0.526 | |||
| Sortino Ratio | 7.62 | |||
| Treynor Ratio | 0.3932 |
California Municipal Backtested Returns
California Municipal is somewhat reliable given 3 months investment horizon. California Municipal secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13 % return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.29% are justified by taking the suggested risk. Use California Municipal Risk Adjusted Performance of 0.0963, mean deviation of 2.38, and Coefficient Of Variation of 810.52 to evaluate company specific risk that cannot be diversified away. The fund shows a Beta (market volatility) of 3.06, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, California Municipal will likely underperform.
Auto-correlation | -0.27 |
Weak reverse predictability
California Municipal Portfolio has weak reverse predictability. Overlapping area represents the amount of predictability between California Municipal time series from 4th of October 2025 to 18th of November 2025 and 18th of November 2025 to 2nd of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of California Municipal price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current California Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
California Municipal lagged returns against current returns
Autocorrelation, which is California Municipal 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 California Municipal's mutual fund expected returns. We can calculate the autocorrelation of California Municipal returns to help us make a trade decision. For example, suppose you find that California Municipal 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 |
California Municipal 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 California Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if California Municipal mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in California Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
California Municipal Lagged Returns
When evaluating California Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of California Municipal mutual fund have on its future price. California Municipal 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, California Municipal autocorrelation shows the relationship between California Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in California Municipal Portfolio.
Regressed Prices |
| Timeline |
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Other Information on Investing in California Mutual Fund
California Municipal 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 Municipal security.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Transaction History View history of all your transactions and understand their impact on performance |