California High Related Correlations

ACYHX Fund

USD 9.64 0.02 0.21%

Generate correlation matrix for California High and other related equities to check the degree to which California High Yield Municipal price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for California High Yield Municipal. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California High Yield Municipal. 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 rate.

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Please note, there is a significant difference between California High's value and its price as these two are different measures arrived at by different means. Investors typically determine if California High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California High'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.

Correlations

	FCAVX	FRCTX	FKTFX	VCITX	VCLAX	TECCX	TECFX
FCAVX		0.92	1.0	0.98	0.98	0.91	0.92	FCAVX
FRCTX	0.92		0.92	0.92	0.92	0.98	0.98	FRCTX
FKTFX	1.0	0.92		0.98	0.98	0.91	0.92	FKTFX
VCITX	0.98	0.92	0.98		1.0	0.92	0.92	VCITX
VCLAX	0.98	0.92	0.98	1.0		0.92	0.92	VCLAX
TECCX	0.91	0.98	0.91	0.92	0.92		0.99	TECCX
TECFX	0.92	0.98	0.92	0.92	0.92	0.99		TECFX
	FCAVX	FRCTX	FKTFX	VCITX	VCLAX	TECCX	TECFX

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Risk-Adjusted Indicators

There is a big difference between California Mutual Fund performing well and California High Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze California High's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FCAVX	0.15	(0.02)	0.00	(0.60)	0.00	0.00	0.30	(0.30)	1.32
FRCTX	0.14	(0.02)	0.00	(0.13)	0.00	0.00	0.30	(0.29)	1.32
FKTFX	0.14	(0.01)	0.00	(6.20)	0.00	0.00	0.29	(0.29)	1.32
VCITX	0.13	(0.02)	0.00	(4.58)	0.00	0.00	0.26	(0.35)	1.40
VCLAX	0.13	(0.02)	0.00	(4.58)	0.00	0.00	0.26	(0.35)	1.40
TECCX	0.12	(0.02)	0.00	(0.12)	0.00	0.00	0.24	(0.30)	1.08
TECFX	0.12	(0.02)	(0.38)	(0.09)	0.17	(0.16)	0.24	(0.30)	1.14

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California High Related Correlations

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