The National Tax Free Fund Technical Analysis
CFNLX Fund | USD 18.58 0.02 0.11% |
As of the 13th of May 2024, The National has the Variance of 0.0143, risk adjusted performance of (0.05), and Coefficient Of Variation of (5,039). The National technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the fund's future prices. In other words, you can use this information to find out if the fund will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down and interpolate thirteen technical drivers for The National Tax Free, which can be compared to its competition. Please validate National Tax market risk adjusted performance and treynor ratio to decide if The National is priced more or less accurately, providing market reflects its prevalent price of 18.58 per share.
The National Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as The, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TheThe |
The National 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.
National Tax Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. 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 National Tax volatility. High ATR values indicate high volatility, and low values indicate low volatility.
National Tax Trend Analysis
Use this graph to draw trend lines for The National Tax Free. You can use it to identify possible trend reversals for The National 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 The National price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.The National Best Fit Change Line
The following chart estimates an ordinary least squares regression model for The National Tax Free applied against its price change over selected period. The best fit line has a slop of 0.0029 , which may suggest that The National Tax Free market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.32, which is the sum of squared deviations for the predicted The National price change compared to its average price change.About The National 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 The National Tax Free 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 The National Tax Free based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on National Tax price pattern first instead of the macroeconomic environment surrounding National Tax. By analyzing The National'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 The National'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 The National specific price patterns or momentum indicators. Please read more on our technical analysis page.
The National May 13, 2024 Technical Indicators
Most technical analysis of The 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 The from various momentum indicators to cycle indicators. When you analyze The 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 | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.05) | |||
Market Risk Adjusted Performance | 1.71 | |||
Mean Deviation | 0.0815 | |||
Coefficient Of Variation | (5,039) | |||
Standard Deviation | 0.1196 | |||
Variance | 0.0143 | |||
Information Ratio | (0.67) | |||
Jensen Alpha | (0.01) | |||
Total Risk Alpha | (0.03) | |||
Treynor Ratio | 1.7 | |||
Maximum Drawdown | 0.6982 | |||
Value At Risk | (0.21) | |||
Potential Upside | 0.2163 | |||
Skewness | (0.46) | |||
Kurtosis | 2.17 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The National Tax Free. 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 bureau of economic analysis. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.