Nuveen Mutual Fund Technical Analysis

NCAAX
 Fund
  

USD 10.46  0.02  0.19%   

As of the 11th of August 2022, Nuveen California secures the Risk Adjusted Performance of 0.0971, downside deviation of 0.4959, and Mean Deviation of 0.3058. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nuveen California Muni, 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 nineteen technical drivers for Nuveen California, which can be compared to its peers in the industry. Please verify Nuveen California Muni jensen alpha and downside variance to decide if Nuveen California Muni is priced some-what accurately, providing market reflects its recent price of 10.46 per share.
  

Nuveen California 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 Nuveen
Nuveen California's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Nuveen California 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, stock market cycles, or different charting patterns.
A focus of Nuveen California technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nuveen California trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Nuveen California Muni Technical Analysis

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The output start index for this execution was five with a total number of output elements of fifty-six. 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 California Muni volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Nuveen California Muni Trend Analysis

Use this graph to draw trend lines for Nuveen California Muni. You can use it to identify possible trend reversals for Nuveen California 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 California price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Nuveen California Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nuveen California Muni applied against its price change over selected period. The best fit line has a slop of   0.005898  , which means Nuveen California Muni will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.32, which is the sum of squared deviations for the predicted Nuveen California price change compared to its average price change.

About Nuveen California 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 California Muni 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 California Muni based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Nuveen California Muni stock first instead of the macroeconomic environment surrounding Nuveen California Muni. By analyzing Nuveen California'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 California'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 California specific price patterns or momentum indicators. Please read more on our technical analysis page.

Nuveen California August 11, 2022 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.

Nuveen California Muni One Year Return

Based on the recorded statements, Nuveen California Muni has an One Year Return of 3.02%. This is 41.81% lower than that of the Nuveen family and significantly higher than that of the Muni California Long 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.
Additionally, see Stocks Correlation. Note that the Nuveen California Muni information on this page should be used as a complementary analysis to other Nuveen California'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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Nuveen Mutual Fund analysis

When running Nuveen California Muni price analysis, check to measure Nuveen California's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nuveen California is operating at the current time. Most of Nuveen California's value examination focuses on studying past and present price action to predict the probability of Nuveen California's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nuveen California's price. Additionally, you may evaluate how the addition of Nuveen California to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Nuveen California's value and its price as these two are different measures arrived at by different means. Investors typically determine Nuveen California value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen California's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.