California Bond Fund Market Value
| USCBX Fund | USD 10.44 0.01 0.1% |
| Symbol | California |
California Bond '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 Bond'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 Bond.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in California Bond on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding California Bond Fund or generate 0.0% return on investment in California Bond over 30 days. California Bond is related to or competes with Nuveen Minnesota, Morningstar Defensive, Intermediate-term, Ishares Municipal, Multisector Bond, Ab Global, and Franklin High. The fund invests primarily in long-term investment-grade securities issued by the state of California, its political sub... More
California Bond 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 Bond'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 Bond Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4256 | |||
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.74 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.388 |
California Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for California Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as California Bond's standard deviation. In reality, there are many statistical measures that can use California Bond historical prices to predict the future California Bond's volatility.| Risk Adjusted Performance | 0.0074 | |||
| Jensen Alpha | 0.0115 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | 0.0088 |
California Bond Backtested Returns
At this stage we consider California Mutual Fund to be very steady. California Bond secures Sharpe Ratio (or Efficiency) of 0.0342, which signifies that the fund had a 0.0342% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for California Bond Fund, which you can use to evaluate the volatility of the entity. Please confirm California Bond's Risk Adjusted Performance of 0.0074, downside deviation of 0.4256, and Mean Deviation of 0.1487 to double-check if the risk estimate we provide is consistent with the expected return of 0.0094%. The fund shows a Beta (market volatility) of -0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning California Bond are expected to decrease at a much lower rate. During the bear market, California Bond is likely to outperform the market.
Auto-correlation | 0.30 |
Below average predictability
California Bond Fund has below average predictability. Overlapping area represents the amount of predictability between California Bond time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 California Bond price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current California Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
California Bond lagged returns against current returns
Autocorrelation, which is California Bond 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 Bond's mutual fund expected returns. We can calculate the autocorrelation of California Bond returns to help us make a trade decision. For example, suppose you find that California Bond 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 Bond 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 Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if California Bond 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 Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
California Bond Lagged Returns
When evaluating California Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of California Bond mutual fund have on its future price. California Bond 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 Bond autocorrelation shows the relationship between California Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in California Bond Fund.
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 California Mutual Fund
California Bond 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 Bond security.
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