Nuveen Ohio Municipal Fund Market Value
| FAFMX Fund | USD 10.78 0.04 0.37% |
| Symbol | Nuveen |
Nuveen Ohio '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 Ohio'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 Ohio.
| 12/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Nuveen Ohio on December 20, 2023 and sell it all today you would earn a total of 0.00 from holding Nuveen Ohio Municipal or generate 0.0% return on investment in Nuveen Ohio over 360 days. Nuveen Ohio is related to or competes with T Rowe, Upright Assets, Touchstone Large, Jhancock Disciplined, Morningstar Unconstrained, and Qs Large. Under normal market conditions, the fund invests at least 80 percent of its net assets in investment grade municipal bon... More
Nuveen Ohio 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 Ohio'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 Ohio Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.21 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.2806 |
Nuveen Ohio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Ohio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Ohio's standard deviation. In reality, there are many statistical measures that can use Nuveen Ohio historical prices to predict the future Nuveen Ohio's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.5205 |
Nuveen Ohio Municipal Backtested Returns
Nuveen Ohio Municipal has Sharpe Ratio of -0.11, which conveys that the entity had a -0.11% return per unit of risk over the last 3 months. Nuveen Ohio exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Ohio's Mean Deviation of 0.1594, risk adjusted performance of (0.11), and Standard Deviation of 0.232 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0722, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Ohio are expected to decrease at a much lower rate. During the bear market, Nuveen Ohio is likely to outperform the market.
Auto-correlation | 0.23 |
Weak predictability
Nuveen Ohio Municipal has weak predictability. Overlapping area represents the amount of predictability between Nuveen Ohio time series from 20th of December 2023 to 17th of June 2024 and 17th of June 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 Ohio Municipal price movement. The serial correlation of 0.23 indicates that over 23.0% of current Nuveen Ohio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nuveen Ohio Municipal lagged returns against current returns
Autocorrelation, which is Nuveen Ohio 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 Ohio's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Ohio returns to help us make a trade decision. For example, suppose you find that Nuveen Ohio 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 Ohio 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 Ohio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Ohio 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 Ohio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Ohio Lagged Returns
When evaluating Nuveen Ohio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Ohio mutual fund have on its future price. Nuveen Ohio 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 Ohio autocorrelation shows the relationship between Nuveen Ohio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Ohio Municipal.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nuveen Mutual Fund
Nuveen Ohio 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 Ohio security.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |