Vanguard California Long Term Fund Market Value
| VCLAX Fund | USD 11.53 0.01 0.09% |
| Symbol | Vanguard |
Vanguard 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 Vanguard 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 Vanguard California.
| 09/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Vanguard California on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard California Long Term or generate 0.0% return on investment in Vanguard California over 60 days. Vanguard California is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, Thrivent High, and Via Renewables. The fund invests primarily in high-quality municipal bonds issued by California state and local governments, as well as ... More
Vanguard 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 Vanguard 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 Vanguard California Long Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4131 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.57 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.349 |
Vanguard California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard California's standard deviation. In reality, there are many statistical measures that can use Vanguard California historical prices to predict the future Vanguard California's volatility.| Risk Adjusted Performance | 0.0088 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | (0.01) |
Vanguard California Backtested Returns
At this stage we consider Vanguard Mutual Fund to be very steady. Vanguard California owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0314, which indicates the fund had a 0.0314% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Vanguard California Long Term, which you can use to evaluate the volatility of the fund. Please validate Vanguard California's Coefficient Of Variation of 2799.78, semi deviation of 0.2541, and Risk Adjusted Performance of 0.0088 to confirm if the risk estimate we provide is consistent with the expected return of 0.0085%. The entity has a beta of 0.0421, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vanguard California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vanguard California is expected to be smaller as well.
Auto-correlation | -0.43 |
Modest reverse predictability
Vanguard California Long Term has modest reverse predictability. Overlapping area represents the amount of predictability between Vanguard California time series from 23rd of September 2024 to 23rd of October 2024 and 23rd of October 2024 to 22nd 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 Vanguard California price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Vanguard California price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vanguard California lagged returns against current returns
Autocorrelation, which is Vanguard 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 Vanguard California's mutual fund expected returns. We can calculate the autocorrelation of Vanguard California returns to help us make a trade decision. For example, suppose you find that Vanguard 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 |
Vanguard 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 Vanguard California mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard 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 Vanguard California mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vanguard California Lagged Returns
When evaluating Vanguard California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard California mutual fund have on its future price. Vanguard 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, Vanguard California autocorrelation shows the relationship between Vanguard California mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vanguard California Long Term.
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 Vanguard Mutual Fund
Vanguard California financial ratios help investors to determine whether Vanguard 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 Vanguard with respect to the benefits of owning Vanguard California security.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |