Nuveen Georgia Municipal Fund Market Value
| FGATX Fund | USD 9.74 0.01 0.10% |
| Symbol | Nuveen |
Nuveen Georgia '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 Georgia'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 Georgia.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Nuveen Georgia on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Georgia Municipal or generate 0.0% return on investment in Nuveen Georgia over 60 days. Nuveen Georgia is related to or competes with Goldman Sachs, Arrow Managed, Fidelity Sai, Ab Bond, Loomis Sayles, Altegris Futures, and Ab Bond. Under normal market conditions, the fund invests at least 80 percent of its net assets in investment grade municipal bon... More
Nuveen Georgia 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 Georgia'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 Georgia Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 1.75 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.4061 |
Nuveen Georgia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Georgia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Georgia's standard deviation. In reality, there are many statistical measures that can use Nuveen Georgia historical prices to predict the future Nuveen Georgia's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (1.90) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Georgia'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 Georgia Municipal Backtested Returns
Nuveen Georgia Municipal has Sharpe Ratio of -0.0369, which conveys that the entity had a -0.0369% return per unit of risk over the last 3 months. Nuveen Georgia exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Georgia's Mean Deviation of 0.1983, risk adjusted performance of (0.06), and Standard Deviation of 0.2968 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.014, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Georgia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Georgia is expected to be smaller as well.
Auto-correlation | -0.64 |
Very good reverse predictability
Nuveen Georgia Municipal has very good reverse predictability. Overlapping area represents the amount of predictability between Nuveen Georgia time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Georgia Municipal price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Nuveen Georgia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nuveen Georgia Municipal lagged returns against current returns
Autocorrelation, which is Nuveen Georgia 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 Georgia's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Georgia returns to help us make a trade decision. For example, suppose you find that Nuveen Georgia 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 Georgia 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 Georgia mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Georgia 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 Georgia mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Georgia Lagged Returns
When evaluating Nuveen Georgia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Georgia mutual fund have on its future price. Nuveen Georgia 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 Georgia autocorrelation shows the relationship between Nuveen Georgia mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Georgia Municipal.
Regressed Prices |
| Timeline |
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Other Information on Investing in Nuveen Mutual Fund
Nuveen Georgia 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 Georgia security.
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