Nuveen Kentucky Municipal Fund Market Value
| FKCCX Fund | USD 9.88 0.01 0.10% |
| Symbol | Nuveen |
Nuveen Kentucky '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 Kentucky'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 Kentucky.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Nuveen Kentucky on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Kentucky Municipal or generate 0.0% return on investment in Nuveen Kentucky over 30 days. Nuveen Kentucky 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 Kentucky 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 Kentucky'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 Kentucky Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 1.82 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.402 |
Nuveen Kentucky Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Kentucky's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Kentucky's standard deviation. In reality, there are many statistical measures that can use Nuveen Kentucky historical prices to predict the future Nuveen Kentucky's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (1.35) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Kentucky'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 Kentucky Municipal Backtested Returns
Nuveen Kentucky Municipal has Sharpe Ratio of -0.0349, which conveys that the entity had a -0.0349% return per unit of risk over the last 3 months. Nuveen Kentucky exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Kentucky's Mean Deviation of 0.2029, standard deviation of 0.3131, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0262, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Kentucky's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Kentucky is expected to be smaller as well.
Auto-correlation | -0.84 |
Excellent reverse predictability
Nuveen Kentucky Municipal has excellent reverse predictability. Overlapping area represents the amount of predictability between Nuveen Kentucky time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 Kentucky Municipal price movement. The serial correlation of -0.84 indicates that around 84.0% of current Nuveen Kentucky price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Kentucky Municipal lagged returns against current returns
Autocorrelation, which is Nuveen Kentucky 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 Kentucky's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Kentucky returns to help us make a trade decision. For example, suppose you find that Nuveen Kentucky 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 Kentucky 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 Kentucky mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Kentucky 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 Kentucky mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Kentucky Lagged Returns
When evaluating Nuveen Kentucky's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Kentucky mutual fund have on its future price. Nuveen Kentucky 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 Kentucky autocorrelation shows the relationship between Nuveen Kentucky mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Kentucky 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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in Nuveen Mutual Fund
Nuveen Kentucky 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 Kentucky security.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments |