California Intermediate Term Tax Free Fund Quote
| ACYTX Fund | USD 11.13 0.02 0.18% |
Performance0 of 100
| Odds Of DistressLess than 22
|
California Intermediate is trading at 11.13 as of the 18th of April 2024; that is -0.18 percent down since the beginning of the trading day. The fund's open price was 11.15. California Intermediate has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for California Intermediate Term Tax Free are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
The portfolio managers primarily buy investment-grade debt securities and, under normal market conditions, will invest at least 80 percent of the funds net assets in debt securities that have interest payments exempt from federal and California income taxes. More on California Intermediate Term Tax Free
California Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. California Intermediate's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding California Intermediate or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | American Century Investments Funds, Large Funds, Muni California Intermediate Funds, Muni California Intermediate, American Century Investments, Large, Muni California Intermediate (View all Sectors) |
| Update Date | 31st of March 2024 |
California Intermediate Term Tax Free [ACYTX] is traded in USA and was established 18th of April 2024. California Intermediate is listed under American Century Investments category by Fama And French industry classification. The fund is listed under Muni California Intermediate category and is part of American Century Investments family. This fund presently has accumulated 1.7 B in assets under management (AUM) with no minimum investment requirementsCalifornia Intermediate is currently producing year-to-date (YTD) return of 0.05% with the current yeild of 0.0%, while the total return for the last 3 years was -0.4%.
Check California Intermediate Probability Of Bankruptcy
Instrument Allocation
California Intermediate Target Price Odds Analysis
Based on a normal probability distribution, the odds of California Intermediate jumping above the current price in 90 days from now is about 91.76%. The California Intermediate Term Tax Free probability density function shows the probability of California Intermediate mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon California Intermediate has a beta of 0.0031. This suggests as returns on the market go up, California Intermediate average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding California Intermediate Term Tax Free will be expected to be much smaller as well. Additionally, california Intermediate Term Tax Free has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of California Intermediate to move above the current price in 90 days from now is about 91.76 (This California Intermediate Term Tax Free probability density function shows the probability of California Mutual Fund to fall within a particular range of prices over 90 days) .
California Intermediate Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. California Intermediate market risk premium is the additional return an investor will receive from holding California Intermediate 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. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although California Intermediate's alpha and beta are two of the key measurements used to evaluate California Intermediate's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.0966 | |||
| Standard Deviation | 0.1455 | |||
| Variance | 0.0212 | |||
| Risk Adjusted Performance | (0.07) |
California Intermediate Against Markets
Picking the right benchmark for California Intermediate mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in California Intermediate mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for California Intermediate is critical whether you are bullish or bearish towards California Intermediate Term Tax Free at a given time. Please also check how California Intermediate's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in California Intermediate without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy California Mutual Fund?
Before investing in California Intermediate, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in California Intermediate. To buy California Intermediate fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of California Intermediate. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase California Intermediate fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located California Intermediate Term Tax Free fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased California Intermediate Term Tax Free fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as California Intermediate Term Tax Free, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in California Intermediate Term Tax Free?
The danger of trading California Intermediate Term Tax Free is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of California Intermediate is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than California Intermediate. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile California Intermediate is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Intermediate Term Tax Free. 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 estimate. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.