Nuveen Necticut Municipal Fund Market Value
| FCTRX Fund | USD 9.57 0.02 0.21% |
| Symbol | Nuveen |
Nuveen Necticut '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 Necticut'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 Necticut.
| 02/02/2023 |
| 01/22/2025 |
If you would invest 0.00 in Nuveen Necticut on February 2, 2023 and sell it all today you would earn a total of 0.00 from holding Nuveen Necticut Municipal or generate 0.0% return on investment in Nuveen Necticut over 720 days. Nuveen Necticut is related to or competes with Nuveen Small, Nuveen Real, Nuveen Real, Nuveen Preferred, Nuveen Preferred, Nuveen Preferred, and Nuveen Preferred. The fund invests at least 80 percent of the sum of its net assets and the amount of any borrowings for investment purpos... More
Nuveen Necticut 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 Necticut'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 Necticut Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 1.46 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.4193 |
Nuveen Necticut Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Necticut's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Necticut's standard deviation. In reality, there are many statistical measures that can use Nuveen Necticut historical prices to predict the future Nuveen Necticut's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.34) |
Nuveen Necticut Municipal Backtested Returns
At this stage we consider Nuveen Mutual Fund to be very steady. Nuveen Necticut Municipal has Sharpe Ratio of 0.0194, which conveys that the entity had a 0.0194 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Nuveen Necticut, which you can use to evaluate the volatility of the fund. Please verify Nuveen Necticut's Standard Deviation of 0.2968, mean deviation of 0.2045, and Risk Adjusted Performance of (0.05) to check out if the risk estimate we provide is consistent with the expected return of 0.0057%. The fund secures a Beta (Market Risk) of 0.0608, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Necticut's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Necticut is expected to be smaller as well.
Auto-correlation | -0.08 |
Very weak reverse predictability
Nuveen Necticut Municipal has very weak reverse predictability. Overlapping area represents the amount of predictability between Nuveen Necticut time series from 2nd of February 2023 to 28th of January 2024 and 28th of January 2024 to 22nd of January 2025. 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 Necticut Municipal price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Nuveen Necticut price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nuveen Necticut Municipal lagged returns against current returns
Autocorrelation, which is Nuveen Necticut 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 Necticut's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Necticut returns to help us make a trade decision. For example, suppose you find that Nuveen Necticut 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 Necticut 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 Necticut mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Necticut 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 Necticut mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Necticut Lagged Returns
When evaluating Nuveen Necticut's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Necticut mutual fund have on its future price. Nuveen Necticut 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 Necticut autocorrelation shows the relationship between Nuveen Necticut mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Necticut 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 Necticut 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 Necticut security.
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