Nuveen Louisiana Municipal Fund Market Value

FTLAX Fund  USD 10.70  0.01  0.09%   
Nuveen Louisiana's market value is the price at which a share of Nuveen Louisiana trades on a public exchange. It measures the collective expectations of Nuveen Louisiana Municipal investors about its performance. Nuveen Louisiana is trading at 10.70 as of the 13th of December 2024; that is 0.09% down since the beginning of the trading day. The fund's open price was 10.71.
With this module, you can estimate the performance of a buy and hold strategy of Nuveen Louisiana Municipal and determine expected loss or profit from investing in Nuveen Louisiana over a given investment horizon. Check out Nuveen Louisiana Correlation, Nuveen Louisiana Volatility and Nuveen Louisiana Alpha and Beta module to complement your research on Nuveen Louisiana.
Symbol

Please note, there is a significant difference between Nuveen Louisiana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Louisiana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Louisiana's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Nuveen Louisiana '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 Louisiana'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 Louisiana.
0.00
12/24/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/13/2024
0.00
If you would invest  0.00  in Nuveen Louisiana on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Nuveen Louisiana Municipal or generate 0.0% return on investment in Nuveen Louisiana over 720 days. Nuveen Louisiana is related to or competes with Fidelity Advisor, Prudential Core, Aqr Diversified, Federated Hermes, and Fulcrum Diversified. The fund normally invests at least 80 percent of its net assets in investment grade municipal bonds rated BBBBaa or high... More

Nuveen Louisiana 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 Louisiana'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 Louisiana Municipal upside and downside potential and time the market with a certain degree of confidence.

Nuveen Louisiana Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Louisiana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Louisiana's standard deviation. In reality, there are many statistical measures that can use Nuveen Louisiana historical prices to predict the future Nuveen Louisiana's volatility.
Hype
Prediction
LowEstimatedHigh
10.4510.7010.95
Details
Intrinsic
Valuation
LowRealHigh
10.4210.6710.92
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nuveen Louisiana. Your research has to be compared to or analyzed against Nuveen Louisiana's peers to derive any actionable benefits. When done correctly, Nuveen Louisiana's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nuveen Louisiana Mun.

Nuveen Louisiana Mun Backtested Returns

Nuveen Louisiana Mun has Sharpe Ratio of -0.0106, which conveys that the entity had a -0.0106% return per unit of risk over the last 3 months. Nuveen Louisiana exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Louisiana's Risk Adjusted Performance of (0.04), mean deviation of 0.1497, and Standard Deviation of 0.2458 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0517, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Louisiana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Louisiana is expected to be smaller as well.

Auto-correlation

    
  -0.14  

Insignificant reverse predictability

Nuveen Louisiana Municipal has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nuveen Louisiana time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Louisiana Mun price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Nuveen Louisiana price fluctuation can be explain by its past prices.
Correlation Coefficient-0.14
Spearman Rank Test-0.1
Residual Average0.0
Price Variance0.02

Nuveen Louisiana Mun lagged returns against current returns

Autocorrelation, which is Nuveen Louisiana 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 Louisiana's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Louisiana returns to help us make a trade decision. For example, suppose you find that Nuveen Louisiana 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 Louisiana 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 Louisiana mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Louisiana 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 Louisiana mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Nuveen Louisiana Lagged Returns

When evaluating Nuveen Louisiana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Louisiana mutual fund have on its future price. Nuveen Louisiana 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 Louisiana autocorrelation shows the relationship between Nuveen Louisiana mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Louisiana Municipal.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Nuveen Mutual Fund

Nuveen Louisiana 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 Louisiana security.
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