Morningstar Municipal Bond Fund Technical Analysis
| MSTPX Fund | USD 10.08 0.02 0.20% |
As of the 29th of November, Morningstar Municipal secures the Downside Deviation of 0.383, mean deviation of 0.1137, and Risk Adjusted Performance of 0.0307. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Morningstar Municipal, as well as the relationship between them.
Morningstar Municipal Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Morningstar, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MorningstarMorningstar |
Morningstar Municipal 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.
Morningstar Municipal Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Morningstar Municipal volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Morningstar Municipal Trend Analysis
Use this graph to draw trend lines for Morningstar Municipal Bond. You can use it to identify possible trend reversals for Morningstar Municipal 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 Morningstar Municipal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Morningstar Municipal Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Morningstar Municipal Bond applied against its price change over selected period. The best fit line has a slop of 0.0007 , which may suggest that Morningstar Municipal Bond market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.02, which is the sum of squared deviations for the predicted Morningstar Municipal price change compared to its average price change.About Morningstar Municipal 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 Morningstar Municipal Bond 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 Morningstar Municipal Bond based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Morningstar Municipal price pattern first instead of the macroeconomic environment surrounding Morningstar Municipal. By analyzing Morningstar Municipal'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 Morningstar Municipal'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 Morningstar Municipal specific price patterns or momentum indicators. Please read more on our technical analysis page.
Morningstar Municipal November 29, 2024 Technical Indicators
Most technical analysis of Morningstar 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 Morningstar from various momentum indicators to cycle indicators. When you analyze Morningstar 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0307 | |||
| Market Risk Adjusted Performance | (0.08) | |||
| Mean Deviation | 0.1137 | |||
| Semi Deviation | 0.1388 | |||
| Downside Deviation | 0.383 | |||
| Coefficient Of Variation | 1283.59 | |||
| Standard Deviation | 0.1964 | |||
| Variance | 0.0386 | |||
| Information Ratio | (0.56) | |||
| Jensen Alpha | 0.0119 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | (0.09) | |||
| Maximum Drawdown | 1.1 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.2991 | |||
| Downside Variance | 0.1467 | |||
| Semi Variance | 0.0193 | |||
| Expected Short fall | (0.18) | |||
| Skewness | (1.33) | |||
| Kurtosis | 6.2 |
Other Information on Investing in Morningstar Mutual Fund
Morningstar Municipal financial ratios help investors to determine whether Morningstar 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 Morningstar with respect to the benefits of owning Morningstar Municipal security.
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |