Nuveen Strategic Municipal Fund Technical Analysis
| NSAOX Fund | USD 9.85 0.01 0.10% |
As of the 18th of April 2024, Nuveen Strategic secures the Downside Deviation of 0.3157, mean deviation of 0.1715, and Risk Adjusted Performance of (0.02). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nuveen Strategic Mun, 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 break down and interpolate data for nineteen technical drivers for Nuveen Strategic, which can be compared to its peers in the industry. Please verify Nuveen Strategic Mun jensen alpha and semi variance to decide if Nuveen Strategic Municipal is priced some-what accurately, providing market reflects its recent price of 9.85 per share.
Nuveen Strategic 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 Strategic 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 Strategic Mun Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Strategic Mun volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nuveen Strategic Mun Trend Analysis
Use this graph to draw trend lines for Nuveen Strategic Municipal. You can use it to identify possible trend reversals for Nuveen Strategic 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 Strategic price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nuveen Strategic Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nuveen Strategic Municipal applied against its price change over selected period. The best fit line has a slop of 0 , which means Nuveen Strategic Municipal will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.11, which is the sum of squared deviations for the predicted Nuveen Strategic price change compared to its average price change.About Nuveen Strategic 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 Strategic 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 Strategic Municipal based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Nuveen Strategic Mun price pattern first instead of the macroeconomic environment surrounding Nuveen Strategic Mun. By analyzing Nuveen Strategic'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 Strategic'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 Strategic specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nuveen Strategic April 18, 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 | (0.02) | |||
| Market Risk Adjusted Performance | 1.26 | |||
| Mean Deviation | 0.1715 | |||
| Semi Deviation | 0.2284 | |||
| Downside Deviation | 0.3157 | |||
| Coefficient Of Variation | 84867.39 | |||
| Standard Deviation | 0.2392 | |||
| Variance | 0.0572 | |||
| Information Ratio | (0.23) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 1.25 | |||
| Maximum Drawdown | 1.42 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.304 | |||
| Downside Variance | 0.0997 | |||
| Semi Variance | 0.0522 | |||
| Expected Short fall | (0.21) | |||
| Skewness | (0.16) | |||
| Kurtosis | 1.21 |
Nuveen Strategic Mun One Year Return
Based on the recorded statements, Nuveen Strategic Municipal has an One Year Return of 3.8829%. This is 25.18% lower than that of the Nuveen family and significantly higher than that of the High Yield Muni category. The one year return for all United States funds is notably lower than that of the firm.
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 Strategic 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 persons. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.