The National Tax Free Fund Probability of Future Mutual Fund Price Finishing Over 18.78
| CFNLX Fund | USD 18.78 0.03 0.16% |
The |
The National Target Price Odds to finish over 18.78
The tendency of The Mutual 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 above the current price in 90 days |
| 18.78 | 90 days | 18.78 | about 21.19 |
Based on a normal probability distribution, the odds of The National to move above the current price in 90 days from now is about 21.19 (This The National Tax Free probability density function shows the probability of The Mutual Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon The National Tax Free has a beta of -0.0709 suggesting as returns on the benchmark increase, returns on holding The National are expected to decrease at a much lower rate. During a bear market, however, The National Tax Free is likely to outperform the market. Additionally The National Tax Free has an alpha of 0.0065, implying that it can generate a 0.006472 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). The National Price Density |
| Price |
Predictive Modules for The National
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as National Tax. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual 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.The National Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. The National is not an exception. The market had few large corrections towards the The National'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 The National Tax Free, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of The National within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.07 | |
σ | Overall volatility | 0.10 | |
Ir | Information ratio | -0.6 |
The National 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 The National for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for National Tax can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund generated three year return of 0.0% | |
| National Tax holds about 7.67% of its assets under management (AUM) in cash |
The National Technical Analysis
The National's future price can be derived by breaking down and analyzing its technical indicators over time. The Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of The National Tax Free. In general, you should focus on analyzing The Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
The National Predictive Forecast Models
The National's time-series forecasting models is one of many The National's mutual 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 The National'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 mutual fund market movement and maximize returns from investment trading.
Things to note about National Tax
Checking the ongoing alerts about The National for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for National Tax help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund generated three year return of 0.0% | |
| National Tax holds about 7.67% of its assets under management (AUM) in cash |
Other Information on Investing in The Mutual Fund
The National financial ratios help investors to determine whether The Mutual 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 The with respect to the benefits of owning The National security.
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |