California Intermediate-ter Bond Positions Weight vs. Five Year Return
| BCITX Fund | USD 11.29 0.02 0.18% |
For California Intermediate-ter profitability analysis, we use financial ratios and fundamental drivers that measure the ability of California Intermediate-ter to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well California Intermediate Term Tax Free utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between California Intermediate-ter's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of California Intermediate Term Tax Free over time as well as its relative position and ranking within its peers.
California |
California Intermediate-ter Five Year Return vs. Bond Positions Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining California Intermediate-ter's current stock value. Our valuation model uses many indicators to compare California Intermediate-ter value to that of its competitors to determine the firm's financial worth. California Intermediate Term Tax Free is fourth largest fund in bond positions weight among similar funds. It is the top fund in five year return among similar funds reporting about 7.36 of Five Year Return per Bond Positions Weight. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the California Intermediate-ter's earnings, one of the primary drivers of an investment's value.California Five Year Return vs. Bond Positions Weight
Percentage of fund asset invested in fixed income securities. About 30% of U.S. mutual funds invest in bonds.
California Intermediate-ter |
| = | 0.13 % |
Funds that have over 60% of asset value invested in bonds or or other fixed income securities would usually attract conservative investors.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
California Intermediate-ter |
| = | 0.96 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
California Five Year Return Comparison
California Intermediate is currently under evaluation in five year return among similar funds.
California Intermediate-ter Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in California Intermediate-ter, profitability is also one of the essential criteria for including it into their portfolios because, without profit, California Intermediate-ter will eventually generate negative long term returns. The profitability progress is the general direction of California Intermediate-ter's change in net profit over the period of time. It can combine multiple indicators of California Intermediate-ter, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The portfolio managers primarily buy investment-grade debt securities and, under normal market conditions, will invest at least 80 percent of the funds net assets in debt securities that have interest payments exempt from federal and California income taxes. Cities, counties and other municipalities in California and U.S. territories, such as Puerto Rico, issue these securities. The funds weighted average maturity will be not less than three years nor more than ten years. However, there is no maturity limit on individual securities.
California Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on California Intermediate-ter. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of California Intermediate-ter position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the California Intermediate-ter's important profitability drivers and their relationship over time.
Use California Intermediate-ter in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if California Intermediate-ter position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in California Intermediate-ter will appreciate offsetting losses from the drop in the long position's value.California Intermediate-ter Pair Trading
California Intermediate Term Tax Free Pair Trading Analysis
The ability to find closely correlated positions to California Intermediate-ter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California Intermediate-ter when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back California Intermediate-ter - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling California Intermediate Term Tax Free to buy it.
The correlation of California Intermediate-ter is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as California Intermediate-ter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Intermediate-ter moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for California Intermediate-ter can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your California Intermediate-ter position
In addition to having California Intermediate-ter in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in California Mutual Fund
To fully project California Intermediate-ter's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of California Intermediate-ter at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include California Intermediate-ter's income statement, its balance sheet, and the statement of cash flows.
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