California High Yield Municipal Fund Price on October 18, 2024
| CAYAX Fund | USD 9.74 0.02 0.21% |
Below is the normalized historical share price chart for California High Yield Municipal extending back to February 03, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of California High stands at 9.74, as last reported on the 25th of December, with the highest price reaching 9.74 and the lowest price hitting 9.74 during the day.
If you're considering investing in California Mutual Fund, it is important to understand the factors that can impact its price. California High Yield secures Sharpe Ratio (or Efficiency) of -0.0913, which signifies that the fund had a -0.0913% return per unit of risk over the last 3 months. California High Yield Municipal exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm California High's Standard Deviation of 0.3062, risk adjusted performance of (0.08), and Mean Deviation of 0.1975 to double-check the risk estimate we provide.
California Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
California |
Sharpe Ratio = -0.0913
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CAYAX |
Estimated Market Risk
| 0.31 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average California High is not performing at its full potential. However, 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 California High by adding California High to a well-diversified portfolio.
California High Valuation on October 18, 2024
It is possible to determine the worth of California High on a given historical date. On October 18, 2024 California was worth 9.9 at the beginning of the trading date compared to the closed value of 9.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of California High mutual fund. Still, in general, we apply an absolute valuation method to find California High's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of California High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against California High's related companies.
| Open | High | Low | Close | Volume | |
| 9.91 | 9.91 | 9.91 | 9.91 | 1.00 | |
10/18/2024 | 9.90 | 9.90 | 9.90 | 9.90 | 1.00 |
| 9.88 | 9.88 | 9.88 | 9.88 | 1.00 |
| Backtest California High | | | California High History | | | California High Valuation | Previous | Next |
California High Trading Date Momentum on October 18, 2024
| On October 21 2024 California High Yield Municipal was traded for 9.88 at the closing time. The highest daily price throughout the period was 9.88 and the lowest price was 9.88 . There was no trading activity during the period 1.0. Lack of trading volume on 10/21/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.20% . The overall trading delta to current closing price is 0.91% . |
California High Yield Fundamentals Correlations and Trends
By evaluating California High's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among California High's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. California financial account trend analysis is a perfect complement when working with valuation or volatility modules.About California High Mutual Fund history
California High investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for California is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in California High Yield will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing California High stock prices may prove useful in developing a viable investing in California High
The fund invests at least 80 percent of its net assets in municipal securities with income payments exempt from federal and California income taxes. It invests in California municipal and other debt securities with an emphasis on high-yield securities. A high-yield security is one that has been rated below investment-grade, or determined by the investment advisor to be of similar quality. The portfolio managers also may buy unrated securities if they determine such securities meet the investment objectives of the fund.
California High Mutual Fund Technical Analysis
California High technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
California High Period Price Range
Low | December 25, 2024
| High |
0.00 | 0.00 |
California High Yield Municipal cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
California High December 25, 2024 Market Strength
Market strength indicators help investors to evaluate how California High 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 High shares will generate the highest return on investment. By undertsting and applying California High mutual fund market strength indicators, traders can identify California High Yield Municipal entry and exit signals to maximize returns
California High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for California High's price direction in advance. Along with the technical and fundamental analysis of California Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of California to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.70) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in California Mutual Fund
California High 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 High security.
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |