California Municipal Portfolio Fund Cash Position Weight
| ACMCX Fund | USD 13.74 0.01 0.07% |
California Municipal Portfolio fundamentals help investors to digest information that contributes to California Municipal's financial success or failures. It also enables traders to predict the movement of California Mutual Fund. The fundamental analysis module provides a way to measure California Municipal's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to California Municipal mutual fund.
California |
California Municipal Portfolio Mutual Fund Cash Position Weight Analysis
California Municipal's Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Current California Municipal Cash Position Weight | 5.79 % |
Most of California Municipal's fundamental indicators, such as Cash Position Weight, 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 Municipal Portfolio is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
| Competition |
In accordance with the recently published financial statements, California Municipal Portfolio has 5.79% in Cash Position Weight. This is 64.02% higher than that of the AllianceBernstein family and significantly higher than that of the Muni Single State Short category. The cash position weight for all United States funds is notably lower than that of the firm.
California Cash Position Weight Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses California Municipal's direct or indirect competition against its Cash Position Weight to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of California Municipal could also be used in its relative valuation, which is a method of valuing California Municipal by comparing valuation metrics of similar companies.California Municipal is currently under evaluation in cash position weight among similar funds.
Fund Asset Allocation for California Municipal
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in bonds and cash equivalents.Asset allocation divides California Municipal's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
California Fundamentals
| Total Asset | 3.4 M | |||
| Annual Yield | 0 % | |||
| Year To Date Return | 0.14 % | |||
| One Year Return | 2.03 % | |||
| Three Year Return | (0.94) % | |||
| Five Year Return | 0.47 % | |||
| Ten Year Return | 1.39 % | |||
| Net Asset | 1.06 B | |||
| Last Dividend Paid | 0.01 | |||
| Cash Position Weight | 5.79 % | |||
| Bond Positions Weight | 2.51 % |
About California Municipal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze California Municipal Portfolio's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of California Municipal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of California Municipal Portfolio based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with California Municipal
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 Municipal 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 Municipal will appreciate offsetting losses from the drop in the long position's value.Moving together with California Mutual Fund
| 0.89 | AMNCX | Ab Minnesota Portfolio | PairCorr |
| 0.96 | AMNAX | Ab Minnesota Portfolio | PairCorr |
The ability to find closely correlated positions to California Municipal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California Municipal 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 California Municipal - 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 California Municipal Portfolio to buy it.
The correlation of California Municipal 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 California Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Municipal 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 California Municipal 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, which includes a position in California Municipal Portfolio. 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 main economic indicators. 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.