Nuveen California Municipal Fund Probability of Future Fund Price Finishing Over 9.20
| NCA Fund | USD 8.76 0.02 0.23% |
Nuveen |
Nuveen California Target Price Odds to finish over 9.20
The tendency of Nuveen Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 9.20 or more in 90 days |
| 8.76 | 90 days | 9.20 | nearly 4.78 |
Based on a normal probability distribution, the odds of Nuveen California to move over $ 9.20 or more in 90 days from now is nearly 4.78 (This Nuveen California Municipal probability density function shows the probability of Nuveen Fund to fall within a particular range of prices over 90 days) . Probability of Nuveen California price to stay between its current price of $ 8.76 and $ 9.20 at the end of the 90-day period is about 84.95 .
Considering the 90-day investment horizon Nuveen California Municipal has a beta of -0.0331. This indicates as returns on the benchmark increase, returns on holding Nuveen California are expected to decrease at a much lower rate. During a bear market, however, Nuveen California Municipal is likely to outperform the market. Additionally Nuveen California Municipal has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Nuveen California Price Density |
| Price |
Predictive Modules for Nuveen California
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nuveen California. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen California's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nuveen California Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nuveen California is not an exception. The market had few large corrections towards the Nuveen California's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nuveen California Municipal, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nuveen California within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | -0.03 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | -0.29 |
Nuveen California Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nuveen California for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nuveen California can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nuveen California generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Luxembourg Bank Central to Purchase of High-End British Real Estate with Embezzled Azerbaijan Funds, U.K. Police Say - OCCRP | |
| The fund generated three year return of -1.0% |
Nuveen California Technical Analysis
Nuveen California's future price can be derived by breaking down and analyzing its technical indicators over time. Nuveen Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nuveen California Municipal. In general, you should focus on analyzing Nuveen Fund price patterns and their correlations with different microeconomic environments and drivers.
Nuveen California Predictive Forecast Models
Nuveen California's time-series forecasting models is one of many Nuveen California's fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nuveen California's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the fund market movement and maximize returns from investment trading.
Things to note about Nuveen California
Checking the ongoing alerts about Nuveen California for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nuveen California help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nuveen California generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Luxembourg Bank Central to Purchase of High-End British Real Estate with Embezzled Azerbaijan Funds, U.K. Police Say - OCCRP | |
| The fund generated three year return of -1.0% |
Other Information on Investing in Nuveen Fund
Nuveen California financial ratios help investors to determine whether Nuveen Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nuveen with respect to the benefits of owning Nuveen California security.
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