Nuveen North Carolina Fund Market Value
| FDCCX Fund | USD 10.03 0.01 0.1% |
| Symbol | Nuveen |
Nuveen North '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 North'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 North.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in Nuveen North on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen North Carolina or generate 0.0% return on investment in Nuveen North over 30 days. Nuveen North is related to or competes with Lord Abbett, Ab Bond, Inflation-protected, Guidepath(r) Managed, and Ab Bond. The investment seeks to provide the investors with as high a level of current interest income exempt from regular federa... More
Nuveen North 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 North'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 North Carolina upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 1.8 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.4016 |
Nuveen North Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen North's standard deviation. In reality, there are many statistical measures that can use Nuveen North historical prices to predict the future Nuveen North's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 0.5002 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen North's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nuveen North Carolina Backtested Returns
Nuveen North Carolina has Sharpe Ratio of -0.0355, which conveys that the entity had a -0.0355% return per unit of risk over the last 3 months. Nuveen North exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen North's Risk Adjusted Performance of (0.05), mean deviation of 0.1921, and Standard Deviation of 0.3033 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0415, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen North are expected to decrease at a much lower rate. During the bear market, Nuveen North is likely to outperform the market.
Auto-correlation | -0.9 |
Excellent reverse predictability
Nuveen North Carolina has excellent reverse predictability. Overlapping area represents the amount of predictability between Nuveen North time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th 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 North Carolina price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Nuveen North price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen North Carolina lagged returns against current returns
Autocorrelation, which is Nuveen North 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 North's mutual fund expected returns. We can calculate the autocorrelation of Nuveen North returns to help us make a trade decision. For example, suppose you find that Nuveen North 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 North 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 North mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen North 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 North mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen North Lagged Returns
When evaluating Nuveen North's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen North mutual fund have on its future price. Nuveen North 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 North autocorrelation shows the relationship between Nuveen North mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen North Carolina.
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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in Nuveen Mutual Fund
Nuveen North 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 North security.
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