Deutsche California Tax Free Fund Manager Performance Evaluation
| KCTCX Fund | USD 6.69 0.02 0.30% |
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.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Deutsche California Tax Free are ranked lower than 2 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Deutsche California is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 1st of December 2022 | |
| Expense Ratio | 1.5400 |
Deutsche |
Deutsche California Relative Risk vs. Return Landscape
If you would invest 665.00 in Deutsche California Tax Free on September 1, 2024 and sell it today you would earn a total of 4.00 from holding Deutsche California Tax Free or generate 0.6% return on investment over 90 days. Deutsche California Tax Free is currently producing 0.0097% returns and takes up 0.274% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Deutsche, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Deutsche California Current Valuation
Overvalued
Today
Please note that Deutsche California's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. Deutsche California Tax shows a prevailing Real Value of $6.44 per share. The current price of the fund is $6.69. We determine the value of Deutsche California Tax from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Deutsche California is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Deutsche Mutual Fund. However, Deutsche California's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 6.69 | Real 6.44 | Hype 6.69 | Naive 6.69 |
The intrinsic value of Deutsche California's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Deutsche California's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Deutsche California Tax Free helps investors to forecast how Deutsche mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Deutsche California more accurately as focusing exclusively on Deutsche California's fundamentals will not take into account other important factors: Deutsche California Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche California's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Deutsche California Tax Free, and traders can use it to determine the average amount a Deutsche California's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0356
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | KCTCX |
Estimated Market Risk
| 0.27 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Deutsche California is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Deutsche California by adding it to a well-diversified portfolio.
Deutsche California Fundamentals Growth
Deutsche Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Deutsche California, and Deutsche California fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Deutsche Mutual Fund performance.
| Total Asset | 3.54 M | ||||
About Deutsche California Performance
Evaluating Deutsche California's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Deutsche California has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Deutsche California has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests at least 80 percent of net assets, plus the amount of any borrowings for investment purposes, in securities whose income is free from regular federal and California state income tax. Normally, at least 80 percent of the funds municipal securities are rated in the four highest credit rating categories.Things to note about Deutsche California Tax performance evaluation
Checking the ongoing alerts about Deutsche California for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Deutsche California Tax help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Deutsche California Tax generated five year return of 0.0% | |
| This fund maintains most of the assets in different exotic instruments. |
- Analyzing Deutsche California's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Deutsche California's stock is overvalued or undervalued compared to its peers.
- Examining Deutsche California's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Deutsche California's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Deutsche California's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Deutsche California's mutual fund. These opinions can provide insight into Deutsche California's potential for growth and whether the stock is currently undervalued or overvalued.
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.
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