California Tax Free Bond Fund Statistic Functions Linear Regression Intercept

PRXCX Fund  USD 11.01  0.01  0.09%   
California Tax statistic functions tool provides the execution environment for running the Linear Regression Intercept function and other technical functions against California Tax. California Tax value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Linear Regression Intercept function function is designed to identify and follow existing trends. California Tax statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Function
Time Period
Execute Function
The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Linear Regression Intercept is the expected mean value of California Tax Free price seriese where values of its benchmark or peer price series are zero.

California Tax Technical Analysis Modules

Most technical analysis of California Tax help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for California from various momentum indicators to cycle indicators. When you analyze California charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About California Tax Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of California Tax Free Bond. We use our internally-developed statistical techniques to arrive at the intrinsic value of California Tax Free Bond based on widely used predictive technical indicators. In general, we focus on analyzing California Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build California Tax's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of California Tax's intrinsic value. In addition to deriving basic predictive indicators for California Tax, we also check how macroeconomic factors affect California Tax price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of California Tax's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
10.7711.0411.31
Details
Intrinsic
Valuation
LowRealHigh
10.7411.0111.28
Details
Naive
Forecast
LowNextHigh
10.7711.0411.31
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.8910.9911.10
Details

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California Tax Free 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 Tax 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 Tax will appreciate offsetting losses from the drop in the long position's value.

California Tax Pair Trading

California Tax Free Bond Pair Trading Analysis

The ability to find closely correlated positions to California Tax 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 Tax 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 Tax - 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 Tax Free Bond to buy it.
The correlation of California Tax 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 Tax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Tax Free 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 Tax 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in California Mutual Fund

California Tax 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 Tax security.
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