California Intermediate Term Tax Free Fund Alpha and Beta Analysis
| BCITX Fund | USD 11.25 0.03 0.27% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as California Intermediate Term Tax Free. It also helps investors analyze the systematic and unsystematic risks associated with investing in California Intermediate-ter over a specified time horizon. Remember, high California Intermediate-ter's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to California Intermediate-ter's market risk premium analysis include:
Beta (0.06) | Alpha 0.002611 | Risk 0.18 | Sharpe Ratio 0.0239 | Expected Return 0.0043 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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California Intermediate-ter Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. California Intermediate-ter market risk premium is the additional return an investor will receive from holding California Intermediate-ter long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in California Intermediate-ter. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate California Intermediate-ter's performance over market.| α | 0 | β | -0.06 |
California Intermediate-ter expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of California Intermediate-ter's Buy-and-hold return. Our buy-and-hold chart shows how California Intermediate-ter performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.California Intermediate-ter Market Price Analysis
Market price analysis indicators help investors to evaluate how California Intermediate-ter mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading California Intermediate-ter shares will generate the highest return on investment. By understating and applying California Intermediate-ter mutual fund market price indicators, traders can identify California Intermediate-ter position entry and exit signals to maximize returns.
California Intermediate-ter Return and Market Media
The median price of California Intermediate-ter for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 11.23 with a coefficient of variation of 0.42. The daily time series for the period is distributed with a sample standard deviation of 0.05, arithmetic mean of 11.23, and mean deviation of 0.04. The Fund did not receive any noticable media coverage during the period. Price Growth (%) |
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About California Intermediate-ter Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including California or other funds. Alpha measures the amount that position in California Intermediate-ter has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards California Intermediate-ter in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, California Intermediate-ter's short interest history, or implied volatility extrapolated from California Intermediate-ter options trading.
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Other Information on Investing in California Mutual Fund
California Intermediate-ter 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 Intermediate-ter security.
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