New York Municipal Fund Technical Analysis
| SNNYX Fund | USD 13.35 0.01 0.07% |
As of the 24th of April, New York secures the Standard Deviation of 0.1159, risk adjusted performance of (0.05), and Mean Deviation of 0.0784. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of New York 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 have analyzed and interpolated thirteen technical drivers for New York, which can be compared to its peers in the industry. Please verify New York Municipal coefficient of variation and the relationship between the information ratio and value at risk to decide if New York Municipal is priced some-what accurately, providing market reflects its recent price of 13.35 per share.
New York Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as New, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NewNew |
New York 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.
New York Municipal 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 New York Municipal volatility. High ATR values indicate high volatility, and low values indicate low volatility.
New York Municipal Trend Analysis
Use this graph to draw trend lines for New York Municipal. You can use it to identify possible trend reversals for New York 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 New York price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.New York Best Fit Change Line
The following chart estimates an ordinary least squares regression model for New York Municipal applied against its price change over selected period. The best fit line has a slop of 0.0004 , which may suggest that New York Municipal market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted New York price change compared to its average price change.About New York 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 New York 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 New York Municipal based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on New York Municipal price pattern first instead of the macroeconomic environment surrounding New York Municipal. By analyzing New York'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 New York'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 New York specific price patterns or momentum indicators. Please read more on our technical analysis page.
New York April 24, 2024 Technical Indicators
Most technical analysis of New 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 New from various momentum indicators to cycle indicators. When you analyze New 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.
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | 1.95 | |||
| Mean Deviation | 0.0784 | |||
| Coefficient Of Variation | (10,844) | |||
| Standard Deviation | 0.1159 | |||
| Variance | 0.0134 | |||
| Information Ratio | (0.83) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 1.94 | |||
| Maximum Drawdown | 0.6706 | |||
| Value At Risk | (0.15) | |||
| Potential Upside | 0.1496 | |||
| Skewness | (0.58) | |||
| Kurtosis | 1.86 |
New York Municipal One Year Return
Based on the recorded statements, New York Municipal has an One Year Return of 2.8972%. This is 195.62% lower than that of the AllianceBernstein family and significantly higher than that of the Muni Single State Short 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 World Market Map to better understand how to build diversified portfolios, which includes a position in New York 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 manufacturing. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.