The National Tax Free Fund Price on July 20, 2023
| CFNLX Fund | USD 18.78 0.03 0.16% |
Below is the normalized historical share price chart for The National Tax Free extending back to March 26, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of The National stands at 18.78, as last reported on the 30th of November, with the highest price reaching 18.78 and the lowest price hitting 18.78 during the day.
If you're considering investing in The Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider The Mutual Fund to be very steady. National Tax owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0392, which indicates the fund had a 0.0392% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for The National Tax Free, which you can use to evaluate the volatility of the fund. Please validate The National's Risk Adjusted Performance of 0.0159, coefficient of variation of 1704.05, and Semi Deviation of 0.1696 to confirm if the risk estimate we provide is consistent with the expected return of 0.0078%.
The Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
The |
Sharpe Ratio = 0.0392
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| Negative Returns | CFNLX |
Estimated Market Risk
| 0.2 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average The National is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of The National by adding it to a well-diversified portfolio.
The National Main Headline on 20th of July 2023
Here is the path to a 6 percent Fed funds rate -- and beyond... by news.google.com
Here is the path to a 6 percent Fed funds rate -- and beyond ForexLive
The National Valuation on July 20, 2023
It is possible to determine the worth of The National on a given historical date. On July 20, 2023 The was worth 17.98 at the beginning of the trading date compared to the closed value of 17.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of The National mutual fund. Still, in general, we apply an absolute valuation method to find The National's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of The National where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against The National's related companies.
| Open | High | Low | Close | Volume | |
| 17.99 | 17.99 | 17.99 | 17.99 | 1.00 | |
07/20/2023 | 17.98 | 17.98 | 17.98 | 17.98 | 1.00 |
| 17.99 | 17.99 | 17.99 | 17.99 | 1.00 |
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The National Trading Date Momentum on July 20, 2023
| On July 21 2023 The National Tax Free was traded for 17.99 at the closing time. The highest daily price throughout the period was 17.99 and the lowest price was 17.99 . There was no trading activity during the period 1.0. Lack of trading volume on 07/21/2023 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.06% . The trading price change to current closing price is 0.28% . |
National Tax Fundamentals Correlations and Trends
By evaluating The National's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among The National's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. The financial account trend analysis is a perfect complement when working with valuation or volatility modules.About The National Mutual Fund history
The National investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for The is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in National Tax will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing The National stock prices may prove useful in developing a viable investing in The National
The fund normally invests at least 80 percent of its net assets plus any borrowings for investment purposes, in municipal bonds issued by or on behalf of the states, territories and possessions of the United States, the District of Columbia and their respective authorities, agencies, instrumentalities and political subdivisions, the income from which, in the opinion of bond counsel, is exempt from regular federal income and federal alternative minimum taxes. It may invest up to 10 percent of its total assets in such unrated securities.
The National Mutual Fund Technical Analysis
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.
Price Boundaries
The National Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
The National Tax Free cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
The National November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how The National mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading The National shares will generate the highest return on investment. By undertsting and applying The National mutual fund market strength indicators, traders can identify The National Tax Free entry and exit signals to maximize returns
The National Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for The National's price direction in advance. Along with the technical and fundamental analysis of The Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of The to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0159 | |||
| Jensen Alpha | 0.0106 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.44) | |||
| Treynor Ratio | (0.02) |
| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |