New Jersey Tax Free Fund Price on November 22, 2024
| TRJIX Fund | USD 11.49 0.01 0.09% |
Below is the normalized historical share price chart for New Jersey Tax Free extending back to July 07, 2017. 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 New Jersey stands at 11.49, as last reported on the 27th of November, with the highest price reaching 11.49 and the lowest price hitting 11.49 during the day.
If you're considering investing in New Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider New Mutual Fund to be very steady. New Jersey Tax has Sharpe Ratio of 0.0659, which conveys that the entity had a 0.0659% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for New Jersey, which you can use to evaluate the volatility of the fund. Please verify New Jersey's Risk Adjusted Performance of 0.0346, mean deviation of 0.1501, and Downside Deviation of 0.3233 to check out if the risk estimate we provide is consistent with the expected return of 0.0153%.
New Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.0659
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| Negative Returns | TRJIX |
Estimated Market Risk
| 0.23 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average New Jersey is performing at about 5% 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 New Jersey by adding it to a well-diversified portfolio.
New Jersey Valuation on November 22, 2024
It is possible to determine the worth of New Jersey on a given historical date. On November 22, 2024 New was worth 11.45 at the beginning of the trading date compared to the closed value of 11.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Jersey mutual fund. Still, in general, we apply an absolute valuation method to find New Jersey'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 New Jersey where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Jersey's related companies.
| Open | High | Low | Close | Volume | |
| 11.44 | 11.44 | 11.44 | 11.44 | 1.00 | |
11/22/2024 | 11.45 | 11.45 | 11.45 | 11.45 | 1.00 |
| 11.48 | 11.48 | 11.48 | 11.48 | 1.00 |
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New Jersey Trading Date Momentum on November 22, 2024
| On November 25 2024 New Jersey Tax Free was traded for 11.48 at the closing time. The highest daily price throughout the period was 11.48 and the lowest price was 11.48 . There was no trading activity during the period 1.0. Lack of trading volume on 11/25/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 0.26% . The trading delta at closing time to current closing price is 0.35% . |
New Jersey Tax Fundamentals Correlations and Trends
By evaluating New Jersey'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 New Jersey's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New Jersey Mutual Fund history
New Jersey 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 New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Jersey 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 New Jersey stock prices may prove useful in developing a viable investing in New Jersey
The fund will invest so that, under normal market conditions, at least 80 percent of its net assets are invested in bonds that pay interest exempt from federal and New Jersey state income taxes, and at least 80 percent of the funds income is expected to be exempt from federal and New Jersey state income taxes. It is non-diversified.
New Jersey Mutual Fund Technical Analysis
New Jersey 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
New Jersey Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
New Jersey 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.
New Jersey November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how New Jersey 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 New Jersey shares will generate the highest return on investment. By undertsting and applying New Jersey mutual fund market strength indicators, traders can identify New Jersey Tax Free entry and exit signals to maximize returns
New Jersey Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Jersey's price direction in advance. Along with the technical and fundamental analysis of New Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of New 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 | 0.0346 | |||
| Jensen Alpha | 0.0175 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.35) | |||
| Treynor Ratio | (0.09) |
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| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in New Mutual Fund
New Jersey financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New Jersey security.
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