Use this graph to draw trend lines for Nuveen Premium Income Municipal Fund 2 Inc. You can use it to identify possible trend reversals for Nuveen 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 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Nuveen Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nuveen Premium Income Municipal Fund 2 Inc applied against its price change over selected period. The best fit line has a slop of 0.02 %
which may imply that the returns on investment in Nuveen Premium Income Municipal Fund 2 Inc will continue to fail. It has 42 observation points and regression sum of squers of 0.45 which is sum of squared deviations of the predicted Nuveen price change against its avarage change.
Nuveen has a best fit line with a correlation coefficient of -0.76. and coefficient of determination of 0.58. Note, that the company has price-to-book ratio of 1.06.