California Municipal Fund Price on April 29, 2024
| PCMFX Fund | USD 9.40 0.05 0.10% |
If you're considering investing in California Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of California Municipal stands at 9.74, as last reported on the 2nd of June, with the highest price reaching 9.74 and the lowest price hitting 9.74 during the day. California Municipal secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the fund had a -0.11% return per unit of risk over the last 3 months. California Municipal Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm California Municipal's Standard Deviation of 0.1335, risk adjusted performance of (0.10), and Mean Deviation of 0.093 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 = -0.107
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| Negative Returns | PCMFX |
Estimated Market Risk
| 0.13 actual daily | 1 99% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average California Municipal 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 Municipal by adding California Municipal to a well-diversified portfolio.
California Municipal Valuation on April 29, 2024
It is possible to determine the worth of California Municipal on a given historical date. On April 29, 2024 California was worth 9.77 at the beginning of the trading date compared to the closed value of 9.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of California Municipal mutual fund. Still, in general, we apply an absolute valuation method to find California Municipal'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 Municipal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against California Municipal's related companies.
| Open | High | Low | Close | Volume | |
| 9.76 | 9.76 | 9.73 | 9.73 | 1.00 | |
04/29/2024 | 9.77 | 9.77 | 9.74 | 9.74 | 1.00 |
| 9.77 | 9.77 | 9.77 | 9.77 | 1.00 |
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California Municipal Trading Date Momentum on April 29, 2024
| On April 30 2024 California Municipal Fund was traded for 9.77 at the closing time. The highest daily price throughout the period was 9.77 and the lowest price was 9.77 . There was no trading activity during the period 1.0. Lack of trading volume on 04/30/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.31% . The overall trading delta to current closing price is 1.03% . |
California Municipal Fundamentals Correlations and Trends
By evaluating California Municipal'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 Municipal'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 Municipal Mutual Fund history
California Municipal 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 Municipal 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 Municipal stock prices may prove useful in developing a viable investing in California Municipal
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in California municipal obligations at the time of purchase. Principal Funds is traded on NASDAQ Exchange in the United States.
California Municipal Mutual Fund Technical Analysis
California Municipal 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 Municipal Period Price Range
Low | April 29, 2024
| High |
9.77 | 9.74 |
California Municipal June 2, 2024 Market Strength
Market strength indicators help investors to evaluate how California Municipal 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 Municipal shares will generate the highest return on investment. By undertsting and applying California Municipal mutual fund market strength indicators, traders can identify California Municipal Fund entry and exit signals to maximize returns
California Municipal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for California Municipal'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 | (0.10) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.41) |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in California Municipal Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the California Municipal information on this page should be used as a complementary analysis to other California Municipal's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.