California Long-term Financial Statements From 2010 to 2024
California Long-term financial statements provide useful quarterly and yearly information to potential California Long Term Tax Free investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on California Long-term financial statements helps investors assess California Long-term's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting California Long-term's valuation are summarized below:California Long Term Tax Free does not presently have any fundamental signals for analysis.
This module can also supplement various California Long-term Technical models . Check out Trending Equities to better understand how to build diversified portfolios. 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.
Check California Long-term financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among California main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . California financial statements analysis is a perfect complement when working with California Long-term Valuation or Volatility modules.
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California Long Term Tax Free Mutual Fund Ten Year Return Analysis
California Long-term's Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
More About Ten Year Return | All Equity Analysis
Ten Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current California Long-term Ten Year Return | 4.86 % |
Most of California Long-term's fundamental indicators, such as Ten Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, California Long Term Tax Free is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
CompetitionBased on the latest financial disclosure, California Long Term Tax Free has a Ten Year Return of 4.86%. This is 318.97% higher than that of the Category family and notably higher than that of the Family category. The ten year return for all United States funds is 171.51% lower than that of the firm.
California Long Term Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining California Long-term's current stock value. Our valuation model uses many indicators to compare California Long-term value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across California Long-term competition to find correlations between indicators driving California Long-term's intrinsic value. More Info.California Long Term Tax Free is the top fund in one year return among similar funds. It is the top fund in three year return among similar funds reporting about 0.50 of Three Year Return per One Year Return. The ratio of One Year Return to Three Year Return for California Long Term Tax Free is roughly 2.02 . Comparative valuation analysis is a catch-all model that can be used if you cannot value California Long-term by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for California Long-term's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the California Long-term's earnings, one of the primary drivers of an investment's value.Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards California Long-term in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, California Long-term's short interest history, or implied volatility extrapolated from California Long-term options trading.
Pair Trading with California Long-term
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 Long-term 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 Long-term will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to McDonalds could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace McDonalds 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 McDonalds - 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 McDonalds to buy it.
The correlation of McDonalds 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 McDonalds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if McDonalds 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 McDonalds 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.Check out Trending Equities to better understand how to build diversified portfolios. 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Other Consideration for investing in California Mutual Fund
If you are still planning to invest in California Long Term check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the California Long-term's history and understand the potential risks before investing.
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