Capital Group Annual Yield vs. Year To Date Return
| CCSTX Fund | USD 10.02 0.01 0.1% |
For Capital Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Capital Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Capital Group California utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Capital Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Capital Group California over time as well as its relative position and ranking within its peers.
Capital |
Capital Group California Year To Date Return vs. Annual Yield Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Capital Group's current stock value. Our valuation model uses many indicators to compare Capital Group value to that of its competitors to determine the firm's financial worth. Capital Group California is second largest fund in annual yield among similar funds. It also is second largest fund in year to date return among similar funds creating about 2,182 of Year To Date Return per Annual Yield. 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 Capital Group's earnings, one of the primary drivers of an investment's value.Capital Year To Date Return vs. Annual Yield
Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Capital Group |
| = | 0.0009 % |
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Capital Group |
| = | 1.96 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Capital Year To Date Return Comparison
Capital Group is the top fund in year to date return among similar funds.
Capital Group Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Capital Group, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Capital Group will eventually generate negative long term returns. The profitability progress is the general direction of Capital Group's change in net profit over the period of time. It can combine multiple indicators of Capital Group, 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 fund primarily invests in municipal bonds issued by the state of California, its agencies and municipalities. It normally invests at least 80 percent of its assets in, or derives at least 80 percent of its income from, securities that are exempt from both federal and California income taxes. The fund invests primarily in municipal bonds with quality ratings of A- or A3 or better by NRSROs.
Capital Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Capital Group. 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 Capital Group 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 Capital Group's important profitability drivers and their relationship over time.
Use Capital Group 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 Capital Group 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 Capital Group will appreciate offsetting losses from the drop in the long position's value.Capital Group Pair Trading
Capital Group California Pair Trading Analysis
The ability to find closely correlated positions to Capital Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capital Group 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 Capital Group - 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 Capital Group California to buy it.
The correlation of Capital Group 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 Capital Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capital Group California 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 Capital Group 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 Capital Group position
In addition to having Capital Group 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?
Run Asset Management Thematic Idea Now
Asset Management
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Asset Management theme has 7 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Asset Management Theme or any other thematic opportunities.
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Other Information on Investing in Capital Mutual Fund
To fully project Capital Group's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Capital Group California 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 Capital Group's income statement, its balance sheet, and the statement of cash flows.
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