Nuveen Arizona Municipal Fund Market Value
| FZCCX Fund | USD 10.11 0.01 0.1% |
| Symbol | Nuveen |
Nuveen Arizona '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 Arizona'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 Arizona.
| 12/03/2024 |
| 01/02/2025 |
If you would invest 0.00 in Nuveen Arizona on December 3, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Arizona Municipal or generate 0.0% return on investment in Nuveen Arizona over 30 days. Nuveen Arizona is related to or competes with Siit Emerging, Origin Emerging, Shelton Emerging, Commodities Strategy, Investec Emerging, Dws Emerging, and Pnc Emerging. The investment seeks as high a level of current interest income exempt from regular federal, Arizona State and, in some ... More
Nuveen Arizona 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 Arizona'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 Arizona Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 1.48 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.3914 |
Nuveen Arizona Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Arizona's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Arizona's standard deviation. In reality, there are many statistical measures that can use Nuveen Arizona historical prices to predict the future Nuveen Arizona's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.77) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Arizona'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 Arizona Municipal Backtested Returns
Nuveen Arizona Municipal has Sharpe Ratio of -0.0688, which conveys that the entity had a -0.0688% return per unit of risk over the last 3 months. Nuveen Arizona exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Arizona's Mean Deviation of 0.1782, standard deviation of 0.2712, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0373, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Arizona's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Arizona is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
Nuveen Arizona Municipal has modest reverse predictability. Overlapping area represents the amount of predictability between Nuveen Arizona time series from 3rd of December 2024 to 18th of December 2024 and 18th of December 2024 to 2nd 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 Arizona Municipal price movement. The serial correlation of -0.46 indicates that about 46.0% of current Nuveen Arizona price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Arizona Municipal lagged returns against current returns
Autocorrelation, which is Nuveen Arizona 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 Arizona's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Arizona returns to help us make a trade decision. For example, suppose you find that Nuveen Arizona 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 Arizona 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 Arizona mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Arizona 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 Arizona mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Arizona Lagged Returns
When evaluating Nuveen Arizona's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Arizona mutual fund have on its future price. Nuveen Arizona 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 Arizona autocorrelation shows the relationship between Nuveen Arizona mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Arizona Municipal.
Regressed Prices |
| Timeline |
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Other Information on Investing in Nuveen Mutual Fund
Nuveen Arizona 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 Arizona security.
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