California High Yield Municipal Fund Manager Performance Evaluation
| CAYAX Fund | USD 9.74 0.02 0.21% |
The fund shows a Beta (market volatility) of 0.0508, which signifies not very significant fluctuations relative to the market. As returns on the market increase, California High's returns are expected to increase less than the market. However, during the bear market, the loss of holding California High is expected to be smaller as well.
Risk-Adjusted Performance
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Weak | Strong |
Very Weak
Over the last 90 days California High Yield Municipal has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, California High is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more1 | Is CAYAX a Strong Bond Fund Right Now - MSN | 11/20/2024 |
| Expense Ratio Date | 1st of January 2023 | |
| Expense Ratio | 0.7500 |
California |
California High Relative Risk vs. Return Landscape
If you would invest 992.00 in California High Yield Municipal on September 26, 2024 and sell it today you would lose (18.00) from holding California High Yield Municipal or give up 1.81% of portfolio value over 90 days. California High Yield Municipal is currently producing negative expected returns and takes up 0.313% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than California, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
California High Current Valuation
Fairly Valued
Today
Please note that California High's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. California High Yield shows a prevailing Real Value of $9.77 per share. The current price of the fund is $9.74. We determine the value of California High Yield from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Since California High is currently traded on the exchange, buyers and sellers on that exchange determine the market value of California Mutual Fund. However, California High'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 9.74 | Real 9.77 | Hype 9.74 |
The intrinsic value of California High'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 California High'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 California High Yield Municipal helps investors to forecast how California 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 California High more accurately as focusing exclusively on California High's fundamentals will not take into account other important factors: California High Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for California High's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as California High Yield Municipal, and traders can use it to determine the average amount a California High'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 = -0.0913
| Best Portfolio | Best Equity | |||
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| 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 Fundamentals Growth
California Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of California High, and California High 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 California Mutual Fund performance.
| Total Asset | 52.18 M | ||||
About California High Performance
Evaluating California High's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if California High 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 California High 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 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.Things to note about California High Yield performance evaluation
Checking the ongoing alerts about California High for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for California High Yield help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| California High generated a negative expected return over the last 90 days | |
| The fund generated three year return of -1.0% | |
| California High Yield holds most of the assets under management (AUM) in different types of exotic instruments. |
- Analyzing California High'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 California High's stock is overvalued or undervalued compared to its peers.
- Examining California High'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 California High's management team can have a significant impact on its success or failure. Reviewing the track record and experience of California High's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of California High's mutual fund. These opinions can provide insight into California High's potential for growth and whether the stock is currently undervalued or overvalued.
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.
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