California High Yield Municipal Fund Market Value
| CAYCX Fund | USD 9.69 0.01 0.10% |
| Symbol | CALIFORNIA |
California High-yield 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to California High-yield's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of California High-yield.
| 11/06/2025 |
| 02/04/2026 |
If you would invest 0.00 in California High-yield on November 6, 2025 and sell it all today you would earn a total of 0.00 from holding California High Yield Municipal or generate 0.0% return on investment in California High-yield over 90 days. California High-yield is related to or competes with Ab Global, Siit Global, Legg Mason, Ab Global, and Dreyfus/standish. The fund invests at least 80 percent of its net assets in municipal securities with income payments exempt from federal ... More
California High-yield Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure California High-yield's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess California High Yield Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1882 | |||
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 0.6205 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.2077 |
California High-yield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for California High-yield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as California High-yield's standard deviation. In reality, there are many statistical measures that can use California High-yield historical prices to predict the future California High-yield's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of California High-yield's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
California High-yield February 4, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | (0.09) | |||
| Mean Deviation | 0.077 | |||
| Semi Deviation | 0.0463 | |||
| Downside Deviation | 0.1882 | |||
| Coefficient Of Variation | 1458.63 | |||
| Standard Deviation | 0.1154 | |||
| Variance | 0.0133 | |||
| Information Ratio | (0.39) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | (0.10) | |||
| Maximum Drawdown | 0.6205 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.2077 | |||
| Downside Variance | 0.0354 | |||
| Semi Variance | 0.0021 | |||
| Expected Short fall | (0.13) | |||
| Skewness | (0.83) | |||
| Kurtosis | 2.38 |
California High Yield Backtested Returns
At this stage we consider CALIFORNIA Mutual Fund to be very steady. California High Yield secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for California High Yield Municipal, which you can use to evaluate the volatility of the entity. Please confirm California High-yield's Downside Deviation of 0.1882, mean deviation of 0.077, and insignificant Risk Adjusted Performance to double-check if the risk estimate we provide is consistent with the expected return of 0.0119%. The fund shows a Beta (market volatility) of 0.0205, which signifies not very significant fluctuations relative to the market. As returns on the market increase, California High-yield's returns are expected to increase less than the market. However, during the bear market, the loss of holding California High-yield is expected to be smaller as well.
Auto-correlation | 0.18 |
Very weak predictability
California High Yield Municipal has very weak predictability. Overlapping area represents the amount of predictability between California High-yield time series from 6th of November 2025 to 21st of December 2025 and 21st of December 2025 to 4th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of California High Yield price movement. The serial correlation of 0.18 indicates that over 18.0% of current California High-yield price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in CALIFORNIA Mutual Fund
California High-yield financial ratios help investors to determine whether CALIFORNIA Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CALIFORNIA with respect to the benefits of owning California High-yield security.
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