California Bond Fund Quote
| USCBX Fund | USD 10.27 0.01 0.1% |
Performance0 of 100
| Odds Of DistressLess than 22
|
California Bond is trading at 10.27 as of the 24th of April 2024; that is -0.1 percent decrease since the beginning of the trading day. The fund's open price was 10.28. California Bond 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 Bond Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of February 2024 and ending today, the 24th of April 2024. Click here to learn more.
The fund invests primarily in long-term investment-grade securities issued by the state of California, its political subdivisions, instrumentalities, and by other government entities, the interest on which is excludable from gross income for federal income tax and California state income tax purposes. More on California Bond Fund
Moving together with California Mutual Fund
| 0.79 | UINCX | Income Fund Me | PairCorr |
| 0.78 | UITBX | Intermediate Term Bond | PairCorr |
| 0.75 | UITCX | Usaa Intermediate Term | PairCorr |
| 0.78 | UITIX | Usaa Tax Exempt | PairCorr |
| 0.88 | GUTEX | Victory Tax Exempt | 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 Bond's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding California Bond or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Fund Concentration | Victory Capital Funds, Large Funds, Muni California Long Funds, Money Market Funds, Corporate Bonds Funds, Muni California Long, Victory Capital, Large, Muni California Long (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of July 2023 |
| Fiscal Year End | February |
California Bond Fund [USCBX] is traded in USA and was established 24th of April 2024. California Bond is listed under Victory Capital category by Fama And French industry classification. The fund is listed under Muni California Long category and is part of Victory Capital family. The entity is thematically classified as Money Market Funds. This fund at this time has accumulated 511.02 M in net assets with no minimum investment requirementsCalifornia Bond is currently producing year-to-date (YTD) return of 0.19% with the current yeild of 0.01%, while the total return for the last 3 years was -1.08%.
Check California Bond Probability Of Bankruptcy
Instrument Allocation
California Bond Target Price Odds Analysis
Based on a normal probability distribution, the odds of California Bond jumping above the current price in 90 days from now is about 98.0%. The California Bond Fund probability density function shows the probability of California Bond mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon California Bond has a beta of 0.0777. This usually implies as returns on the market go up, California Bond average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding California Bond Fund will be expected to be much smaller as well. Additionally, california Bond 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 Bond to move above the current price in 90 days from now is about 98.0 (This California Bond Fund probability density function shows the probability of California Mutual Fund to fall within a particular range of prices over 90 days) .
California Bond Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. California Bond market risk premium is the additional return an investor will receive from holding California Bond 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 Bond. 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 Bond's alpha and beta are two of the key measurements used to evaluate California Bond's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1114 | |||
| Standard Deviation | 0.1686 | |||
| Variance | 0.0284 | |||
| Risk Adjusted Performance | (0.05) |
California Bond Against Markets
Picking the right benchmark for California Bond 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 Bond 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 Bond is critical whether you are bullish or bearish towards California Bond Fund at a given time. Please also check how California Bond'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 Bond 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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| All Next | Launch Module |
How to buy California Mutual Fund?
Before investing in California Bond, 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 Bond. To buy California Bond fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of California Bond. 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 Bond fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located California Bond 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 Bond 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 Bond 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 Bond Fund?
The danger of trading California Bond 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 Bond 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 Bond. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile California Bond 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 World Market Map to better understand how to build diversified portfolios, which includes a position in California Bond 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 bureau of labor statistics. Note that the California Bond information on this page should be used as a complementary analysis to other California Bond'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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.