Nuveen Orado Municipal Fund Market Value

FAFKX Fund  USD 10.13  0.04  0.39%   
Nuveen Orado's market value is the price at which a share of Nuveen Orado trades on a public exchange. It measures the collective expectations of Nuveen Orado Municipal investors about its performance. Nuveen Orado is trading at 10.13 as of the 14th of December 2024; that is 0.39 percent decrease since the beginning of the trading day. The fund's open price was 10.17.
With this module, you can estimate the performance of a buy and hold strategy of Nuveen Orado Municipal and determine expected loss or profit from investing in Nuveen Orado over a given investment horizon. Check out Nuveen Orado Correlation, Nuveen Orado Volatility and Nuveen Orado Alpha and Beta module to complement your research on Nuveen Orado.
Symbol

Please note, there is a significant difference between Nuveen Orado's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Orado is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Orado's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Nuveen Orado 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nuveen Orado's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nuveen Orado.
0.00
11/14/2024
No Change 0.00  0.0 
In 30 days
12/14/2024
0.00
If you would invest  0.00  in Nuveen Orado on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Orado Municipal or generate 0.0% return on investment in Nuveen Orado over 30 days. Nuveen Orado is related to or competes with Nuveen Small, Nuveen Real, Nuveen Real, Nuveen Preferred, Nuveen Preferred, Nuveen Preferred, and Nuveen Preferred. Under normal market conditions, the fund invests at least 80 percent of its net assets in investment grade municipal bon... More

Nuveen Orado Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nuveen Orado's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nuveen Orado Municipal upside and downside potential and time the market with a certain degree of confidence.

Nuveen Orado Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Orado's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Orado's standard deviation. In reality, there are many statistical measures that can use Nuveen Orado historical prices to predict the future Nuveen Orado's volatility.
Hype
Prediction
LowEstimatedHigh
9.8610.1310.40
Details
Intrinsic
Valuation
LowRealHigh
9.359.6211.14
Details

Nuveen Orado Municipal Backtested Returns

Nuveen Orado Municipal has Sharpe Ratio of -0.0217, which conveys that the entity had a -0.0217% return per unit of risk over the last 3 months. Nuveen Orado exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Orado's Mean Deviation of 0.1617, standard deviation of 0.2631, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0899, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Orado are expected to decrease at a much lower rate. During the bear market, Nuveen Orado is likely to outperform the market.

Auto-correlation

    
  -0.91  

Near perfect reversele predictability

Nuveen Orado Municipal has near perfect reversele predictability. Overlapping area represents the amount of predictability between Nuveen Orado time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nuveen Orado Municipal price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Nuveen Orado price fluctuation can be explain by its past prices.
Correlation Coefficient-0.91
Spearman Rank Test-0.2
Residual Average0.0
Price Variance0.0

Nuveen Orado Municipal lagged returns against current returns

Autocorrelation, which is Nuveen Orado mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nuveen Orado's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Orado returns to help us make a trade decision. For example, suppose you find that Nuveen Orado has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Nuveen Orado regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nuveen Orado mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Orado mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Orado mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Nuveen Orado Lagged Returns

When evaluating Nuveen Orado's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Orado mutual fund have on its future price. Nuveen Orado autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nuveen Orado autocorrelation shows the relationship between Nuveen Orado mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Orado Municipal.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Nuveen Mutual Fund

Nuveen Orado financial ratios help investors to determine whether Nuveen 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 Nuveen with respect to the benefits of owning Nuveen Orado security.
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