Nuveen Nebraska Municipal Fund Technical Analysis
| NAAFX Fund | USD 9.74 0.03 0.31% |
As of the 19th of April, Nuveen Nebraska secures the Mean Deviation of 0.1403, standard deviation of 0.1909, and Risk Adjusted Performance of (0.09). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nuveen Nebraska Municipal, as well as the relationship between them. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Nuveen Nebraska, which can be compared to its peers in the industry. Please verify Nuveen Nebraska Municipal market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Nuveen Nebraska Municipal is priced some-what accurately, providing market reflects its recent price of 9.74 per share.
Nuveen Nebraska Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nuveen, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NuveenNuveen |
Nuveen Nebraska technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Nuveen Nebraska Municipal Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nuveen Nebraska Municipal volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nuveen Nebraska Municipal Trend Analysis
Use this graph to draw trend lines for Nuveen Nebraska Municipal. You can use it to identify possible trend reversals for Nuveen Nebraska as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nuveen Nebraska price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nuveen Nebraska Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nuveen Nebraska Municipal applied against its price change over selected period. The best fit line has a slop of 0.001 , which may suggest that Nuveen Nebraska Municipal market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.04, which is the sum of squared deviations for the predicted Nuveen Nebraska price change compared to its average price change.About Nuveen Nebraska Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nuveen Nebraska Municipal on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nuveen Nebraska Municipal based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Nuveen Nebraska Municipal price pattern first instead of the macroeconomic environment surrounding Nuveen Nebraska Municipal. By analyzing Nuveen Nebraska's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nuveen Nebraska's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nuveen Nebraska specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nuveen Nebraska April 19, 2024 Technical Indicators
Most technical analysis of Nuveen help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nuveen from various momentum indicators to cycle indicators. When you analyze Nuveen charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | (0.09) | |||
| Market Risk Adjusted Performance | 1.24 | |||
| Mean Deviation | 0.1403 | |||
| Coefficient Of Variation | (890.19) | |||
| Standard Deviation | 0.1909 | |||
| Variance | 0.0364 | |||
| Information Ratio | (0.47) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 1.23 | |||
| Maximum Drawdown | 1.02 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.3061 | |||
| Skewness | (0.51) | |||
| Kurtosis | 1.04 |
Nuveen Nebraska Municipal One Year Return
Based on the recorded statements, Nuveen Nebraska Municipal has an One Year Return of -0.3451%. This is 106.65% lower than that of the Nuveen family and significantly lower than that of the Muni Single State Long category. The one year return for all United States funds is notably higher than that of the company.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Nebraska 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 census. Note that the Nuveen Nebraska Municipal information on this page should be used as a complementary analysis to other Nuveen Nebraska'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 Bonds Directory module to find actively traded corporate debentures issued by US companies.