Ishares California Muni Etf Bond Positions Weight
| CMF Etf | USD 56.89 0.03 0.05% |
iShares California Muni fundamentals help investors to digest information that contributes to IShares California's financial success or failures. It also enables traders to predict the movement of IShares Etf. The fundamental analysis module provides a way to measure IShares California'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 IShares California etf.
IShares |
iShares California Muni ETF Bond Positions Weight Analysis
IShares California's Percentage of fund asset invested in fixed income securities. About 30% of U.S. mutual funds invest in bonds.
Funds that have over 60% of asset value invested in bonds or or other fixed income securities would usually attract conservative investors.
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In accordance with the recently published financial statements, iShares California Muni has a Bond Positions Weight of 0.0%. This is 100.0% lower than that of the iShares family and about the same as Muni California Long (which currently averages 0.0) category. The bond positions weight for all United States etfs is 100.0% higher than that of the company.
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IShares Fundamentals
| Number Of Employees | 90 | |||
| Beta | 0.95 | |||
| Total Asset | 1.66 B | |||
| One Year Return | 2.10 % | |||
| Three Year Return | (1.20) % | |||
| Five Year Return | 1.00 % | |||
| Ten Year Return | 2.10 % | |||
| Net Asset | 1.66 B | |||
| Last Dividend Paid | 0.0838 |
About IShares California Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze iShares California Muni's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IShares California using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of iShares California Muni based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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 IShares California
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 IShares California 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 IShares California will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.97 | PWZ | Invesco California AMT | PairCorr |
| 0.91 | FCAL | First Trust California | PairCorr |
Moving against IShares Etf
| 0.43 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
The ability to find closely correlated positions to IShares California could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares California 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 IShares California - 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 iShares California Muni to buy it.
The correlation of IShares California 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 IShares California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares California Muni 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 IShares California 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 IShares California Piotroski F Score and IShares California Altman Z Score analysis. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of iShares California Muni is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares California's value that differs from its market value or its book value, called intrinsic value, which is IShares California's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IShares California's market value can be influenced by many factors that don't directly affect IShares California's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IShares California's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares California's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.