CALIFORNIA Mutual Fund Volatility

ACMCX Fund  USD 13.72  0.02  0.15%   
We consider CALIFORNIA MUNICIPAL very steady. CALIFORNIA MUNICIPAL secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had 0.15% of return per unit of return volatility over the last 3 months. Our approach into foreseeing the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty technical indicators for CALIFORNIA MUNICIPAL PORTFOLIO, which you can use to evaluate the future volatility of the entity. Please confirm CALIFORNIA MUNICIPAL Coefficient Of Variation of 992.86, mean deviation of 0.087, and Standard Deviation of 0.1218 to double-check if the risk estimate we provide is consistent with the expected return of 0.0184%.
CALIFORNIA MUNICIPAL Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of CALIFORNIA daily returns, and it is calculated using variance and standard deviation. We also use CALIFORNIA's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of CALIFORNIA MUNICIPAL volatility.

30 Days Market Risk

Very steady

Chance of Distress

Very Small

30 Days Economic Sensitivity

Barely shadows the market
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as CALIFORNIA MUNICIPAL can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of CALIFORNIA MUNICIPAL at lower prices. For example, an investor can purchase CALIFORNIA stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of CALIFORNIA MUNICIPAL's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving together with CALIFORNIA MUNICIPAL

+0.95IORMXAIM TaxExempt FundsPairCorr
+0.95LTNCXOppenheimer RochesterPairCorr
+0.94LTNYXOpnhmr RchstrPairCorr
+0.95LTBYXOpnhmr RchstrPairCorr

CALIFORNIA MUNICIPAL Market Sensitivity And Downside Risk

CALIFORNIA MUNICIPAL's beta coefficient measures the volatility of CALIFORNIA mutual fund compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents CALIFORNIA mutual fund's returns against your selected market. In other words, CALIFORNIA MUNICIPAL's beta of 0.0219 provides an investor with an approximation of how much risk CALIFORNIA MUNICIPAL mutual fund can potentially add to one of your existing portfolios.
CALIFORNIA MUNICIPAL PORTFOLIO exhibits very low volatility with skewness of -0.08 and kurtosis of 0.65. However, we advise investors to further study CALIFORNIA MUNICIPAL PORTFOLIO technical indicators to ensure that all market info is available and is reliable. 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 stocks as prices fall.
3 Months Beta |Analyze CALIFORNIA MUNICIPAL Demand Trend
Check current 90 days CALIFORNIA MUNICIPAL correlation with market (NYSE Composite)


CALIFORNIA standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

It is essential to understand the difference between upside risk (as represented by CALIFORNIA MUNICIPAL's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of CALIFORNIA MUNICIPAL's daily returns or price. Since the actual investment returns on holding a position in california mutual fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in CALIFORNIA MUNICIPAL.

CALIFORNIA MUNICIPAL Mutual Fund Volatility Analysis

Volatility refers to the frequency at which CALIFORNIA MUNICIPAL fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with CALIFORNIA MUNICIPAL's price changes. Investors will then calculate the volatility of CALIFORNIA MUNICIPAL's mutual fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A mutual fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of CALIFORNIA MUNICIPAL's volatility:

Historical Volatility

This type of fund volatility measures CALIFORNIA MUNICIPAL's fluctuations based on previous trends. It's commonly used to predict CALIFORNIA MUNICIPAL's future behavior based on its past. However, it cannot conclusively determine the future direction of the mutual fund.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for CALIFORNIA MUNICIPAL's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on CALIFORNIA MUNICIPAL's to be redeemed at a future date.
The output start index for this execution was zero with a total number of output elements of sixty-one. CALIFORNIA MUNICIPAL Typical Price indicator is an average of each day price and can be used instead of closing price when creating different CALIFORNIA MUNICIPAL moving average lines.

CALIFORNIA MUNICIPAL Projected Return Density Against Market

Assuming the 90 days horizon CALIFORNIA MUNICIPAL has a beta of 0.0219 . This suggests as returns on the market go up, CALIFORNIA MUNICIPAL average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding CALIFORNIA MUNICIPAL PORTFOLIO will be expected to be much smaller as well.
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.
The company has an alpha of 0.0035, implying that it can generate a 0.0035 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Predicted Return Density   
CALIFORNIA MUNICIPAL's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how california mutual fund's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a CALIFORNIA MUNICIPAL Price Volatility?

Several factors can influence a fund's market volatility:


Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

CALIFORNIA MUNICIPAL Mutual Fund Risk Measures

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. Assuming the 90 days horizon the coefficient of variation of CALIFORNIA MUNICIPAL is 667.43. The daily returns are distributed with a variance of 0.02 and standard deviation of 0.12. The mean deviation of CALIFORNIA MUNICIPAL PORTFOLIO is currently at 0.09. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.97
Alpha over NYSE Composite
Beta against NYSE Composite0.0219
Overall volatility
Information ratio 0.48

CALIFORNIA MUNICIPAL Mutual Fund Return Volatility

CALIFORNIA MUNICIPAL historical daily return volatility represents how much of CALIFORNIA MUNICIPAL fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 0.1228% volatility of returns over 90 . By contrast, NYSE Composite accepts 0.9454% volatility on return distribution over the 90 days horizon.
 Performance (%) 


Volatility is a rate at which the price of CALIFORNIA MUNICIPAL or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of CALIFORNIA MUNICIPAL may increase or decrease. In other words, similar to CALIFORNIA's beta indicator, it measures the risk of CALIFORNIA MUNICIPAL and helps estimate the fluctuations that may happen in a short period of time. So if prices of CALIFORNIA MUNICIPAL fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
The investment seeks to provide safety of principal and maximize total return after taking account of federal and state taxes for California residents. Sanford C is traded on NASDAQ Exchange in the United States.
CALIFORNIA MUNICIPAL's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on CALIFORNIA Mutual Fund over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much CALIFORNIA MUNICIPAL's price varies over time.

3 ways to utilize CALIFORNIA MUNICIPAL's volatility to invest better

Higher CALIFORNIA MUNICIPAL's fund volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of CALIFORNIA MUNICIPAL fund is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. CALIFORNIA MUNICIPAL fund volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of CALIFORNIA MUNICIPAL investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in CALIFORNIA MUNICIPAL's fund can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of CALIFORNIA MUNICIPAL's fund relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

CALIFORNIA MUNICIPAL Investment Opportunity

NYSE Composite has a standard deviation of returns of 0.95 and is 7.92 times more volatile than CALIFORNIA MUNICIPAL PORTFOLIO. of all equities and portfolios are less risky than CALIFORNIA MUNICIPAL. Compared to the overall equity markets, volatility of historical daily returns of CALIFORNIA MUNICIPAL PORTFOLIO is lower than 1 () of all global equities and portfolios over the last 90 days. Use CALIFORNIA MUNICIPAL PORTFOLIO to enhance the returns of your portfolios. Benchmarks are essential to demonstrate the utility of optimization algorithms. The mutual fund experiences a normal upward fluctuation. Check odds of CALIFORNIA MUNICIPAL to be traded at $14.41 in 90 days.

Average diversification

The correlation between CALIFORNIA MUNICIPAL PORTFOLIO and NYA is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CALIFORNIA MUNICIPAL PORTFOLIO and NYA in the same portfolio, assuming nothing else is changed.

CALIFORNIA MUNICIPAL Additional Risk Indicators

The analysis of CALIFORNIA MUNICIPAL's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in CALIFORNIA MUNICIPAL's investment and either accepting that risk or mitigating it. Along with some common measures of CALIFORNIA MUNICIPAL mutual fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential mutual funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

CALIFORNIA MUNICIPAL Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against CALIFORNIA MUNICIPAL as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. CALIFORNIA MUNICIPAL's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, CALIFORNIA MUNICIPAL's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to CALIFORNIA MUNICIPAL PORTFOLIO.
Please continue to Trending Equities. 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for CALIFORNIA Mutual Fund analysis

When running CALIFORNIA MUNICIPAL price analysis, check to measure CALIFORNIA MUNICIPAL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CALIFORNIA MUNICIPAL is operating at the current time. Most of CALIFORNIA MUNICIPAL's value examination focuses on studying past and present price action to predict the probability of CALIFORNIA MUNICIPAL's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CALIFORNIA MUNICIPAL's price. Additionally, you may evaluate how the addition of CALIFORNIA MUNICIPAL to your portfolios can decrease your overall portfolio volatility.
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Fundamental Analysis
View fundamental data based on most recent published financial statements
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Bond Directory
Find actively traded corporate debentures issued by US companies
Please note, there is a significant difference between CALIFORNIA MUNICIPAL's value and its price as these two are different measures arrived at by different means. Investors typically determine CALIFORNIA MUNICIPAL value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CALIFORNIA MUNICIPAL'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.