California Municipal Portfolio Fund Buy Hold or Sell Recommendation
| AICAX Fund | USD 13.75 0.01 0.07% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding California Municipal Portfolio is 'Cautious Hold'. Macroaxis provides California Municipal buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding AICAX positions. The advice algorithm takes into account all of California Municipal's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting California Municipal's buy or sell advice are summarized below:
Real Value 13.77 | Hype Value 13.75 | Market Value 13.75 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell California Municipal Portfolio given historical horizon and risk tolerance towards California Municipal. When Macroaxis issues a 'buy' or 'sell' recommendation for California Municipal Portfolio, the advice is generated through an automated system that utilizes algorithms and statistical models.
California |
Execute California Municipal Buy or Sell Advice
The California recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on California Municipal Portfolio. Macroaxis does not own or have any residual interests in California Municipal Portfolio or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute California Municipal's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details |
California Municipal Trading Alerts and Improvement Suggestions
| The fund generated three year return of 0.0% | |
| California Municipal holds about 5.79% of its assets under management (AUM) in cash |
California Municipal Returns Distribution Density
The distribution of California Municipal's historical returns is an attempt to chart the uncertainty of California Municipal's future price movements. The chart of the probability distribution of California Municipal daily returns describes the distribution of returns around its average expected value. We use California Municipal Portfolio price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of California Municipal returns is essential to provide solid investment advice for California Municipal.
| Mean Return | -0.001 | Value At Risk | -0.22 | Potential Upside | 0.15 | Standard Deviation | 0.12 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of California Municipal historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
California Municipal Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to California Municipal or AllianceBernstein sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that California Municipal's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a California fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.02 | |
β | Beta against NYSE Composite | 0.06 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | -0.76 |
California Municipal Volatility Alert
California Municipal Portfolio exhibits very low volatility with skewness of -0.48 and kurtosis of 1.55. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure California Municipal's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact California Municipal's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.California Municipal Fundamentals Vs Peers
Comparing California Municipal's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze California Municipal's direct or indirect competition across all of the common fundamentals between California Municipal and the related equities. This way, we can detect undervalued stocks with similar characteristics as California Municipal or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of California Municipal's fundamental indicators could also be used in its relative valuation, which is a method of valuing California Municipal by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare California Municipal to competition |
| Fundamentals | California Municipal | Peer Average |
| Annual Yield | 0 % | 0.29 % |
| Year To Date Return | 0.28 % | 0.39 % |
| One Year Return | 2.80 % | 4.15 % |
| Three Year Return | (0.21) % | 3.60 % |
| Five Year Return | 1.22 % | 3.24 % |
| Ten Year Return | 2.13 % | 1.79 % |
| Net Asset | 1.06 B | 4.11 B |
| Last Dividend Paid | 0.02 | 0.65 |
| Cash Position Weight | 5.79 % | 10.61 % |
| Bond Positions Weight | 2.51 % | 11.24 % |
California Municipal Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as California . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 13.75 | |||
| Day Typical Price | 13.75 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) |
About California Municipal Buy or Sell Advice
When is the right time to buy or sell California Municipal Portfolio? Buying financial instruments such as California Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having California Municipal in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Exotic Funds
Funds or Etfs with high minimum investment requirement that manage portfolios of alternative investments such as hedge funds, options, futures, real estate or commodities. The Exotic Funds theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Exotic Funds Theme or any other thematic opportunities.
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Check out California Municipal Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.