California Municipal Fund Quote
| PCMFX Fund | USD 9.80 0.01 0.10% |
Performance0 of 100
| Odds Of DistressLess than 22
|
California Municipal is trading at 9.80 as of the 16th of April 2024; that is -0.1 percent down since the beginning of the trading day. The fund's open price was 9.81. California Municipal 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 Municipal Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of March 2024 and ending today, the 16th of April 2024. Click here to learn more.
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. Generally, these municipal obligations pay interest that is exempt from state personal income tax and federal income tax.. More on California Municipal Fund
Moving together with California Mutual Fund
| 0.61 | SABPX | Strategic Asset Mana | PairCorr |
| 0.71 | PFIJX | Strategic Asset Mana | PairCorr |
| 0.7 | PFILX | Strategic Asset Mana | PairCorr |
| 0.67 | PFIEX | International Equity | PairCorr |
| 0.71 | PFIFX | Strategic Asset Mana | PairCorr |
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 Municipal's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding California Municipal or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Principal Funds, Large Funds, Muni California Intermediate Funds, Muni California Intermediate, Principal Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of March 2023 |
| Fiscal Year End | October |
California Municipal Fund [PCMFX] is traded in USA and was established 16th of April 2024. California Municipal is listed under Principal Funds category by Fama And French industry classification. The fund is listed under Muni California Intermediate category and is part of Principal Funds family. This fund at this time has accumulated 591.51 M in assets with no minimum investment requirementsCalifornia Municipal is currently producing year-to-date (YTD) return of 0.39% with the current yeild of 0.0%, while the total return for the last 3 years was -1.19%.
Check California Municipal Probability Of Bankruptcy
Instrument Allocation
Top California Municipal Fund Mutual Fund Constituents
| CMF | iShares California Muni | Etf | Muni California Long |
California Municipal Target Price Odds Analysis
Based on a normal probability distribution, the odds of California Municipal jumping above the current price in 90 days from now is about 70.31%. The California Municipal Fund probability density function shows the probability of California Municipal mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon California Municipal has a beta of 0.0548 indicating as returns on the market go up, California Municipal average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding California Municipal Fund will be expected to be much smaller as well. Additionally, california Municipal Fund 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 Municipal to move above the current price in 90 days from now is about 70.31 (This California Municipal Fund probability density function shows the probability of California Mutual Fund to fall within a particular range of prices over 90 days) .
California Municipal Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. California Municipal market risk premium is the additional return an investor will receive from holding California Municipal 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 Municipal. 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 Municipal's alpha and beta are two of the key measurements used to evaluate California Municipal's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1062 | |||
| Standard Deviation | 0.1598 | |||
| Variance | 0.0255 | |||
| Risk Adjusted Performance | (0.04) |
California Municipal Against Markets
Picking the right benchmark for California Municipal 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 Municipal 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 Municipal is critical whether you are bullish or bearish towards California Municipal Fund at a given time. Please also check how California Municipal's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in California Municipal 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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Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
| All Next | Launch Module |
How to buy California Mutual Fund?
Before investing in California Municipal, 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 Municipal. To buy California Municipal fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of California Municipal. 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 Municipal fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located California Municipal Fund 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 Municipal Fund 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 Municipal Fund, 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 Municipal Fund?
The danger of trading California Municipal Fund 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 Municipal 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 Municipal. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile California Municipal 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 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.