Nuveen Core Equity Fund Market Value
| JCE Fund | USD 15.73 0.06 0.38% |
| Symbol | Nuveen |
Nuveen Core '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 Core's 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 Core.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Nuveen Core on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Core Equity or generate 0.0% return on investment in Nuveen Core over 180 days. Nuveen Core is related to or competes with Brandywineglobal, Western Asset, Pioneer Floating, Nuveen Real, Nuveen Mortgage, Pgim Global, and Voya Emerging. Nuveen Core Equity Alpha Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc More
Nuveen Core 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 Core's 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 Core Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.858 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.12 |
Nuveen Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Core's standard deviation. In reality, there are many statistical measures that can use Nuveen Core historical prices to predict the future Nuveen Core's volatility.| Risk Adjusted Performance | 0.0973 | |||
| Jensen Alpha | 0.0088 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1416 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Core'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 Core Equity Backtested Returns
At this point, Nuveen Core is very steady. Nuveen Core Equity has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nuveen Core, which you can use to evaluate the volatility of the fund. Please verify Nuveen Core's Risk Adjusted Performance of 0.0973, mean deviation of 0.598, and Downside Deviation of 0.858 to check out if the risk estimate we provide is consistent with the expected return of 0.0962%. The fund secures a Beta (Market Risk) of 0.63, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nuveen Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Core is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Nuveen Core Equity has good predictability. Overlapping area represents the amount of predictability between Nuveen Core time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Core Equity price movement. The serial correlation of 0.71 indicates that around 71.0% of current Nuveen Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Nuveen Core Equity lagged returns against current returns
Autocorrelation, which is Nuveen Core 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 Core's fund expected returns. We can calculate the autocorrelation of Nuveen Core returns to help us make a trade decision. For example, suppose you find that Nuveen Core has exhibited high autocorrelation historically, and you observe that the 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 Core 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 Core fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Core fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Core fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Core Lagged Returns
When evaluating Nuveen Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Core fund have on its future price. Nuveen Core 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 Core autocorrelation shows the relationship between Nuveen Core fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Core Equity.
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.Other Information on Investing in Nuveen Fund
Nuveen Core financial ratios help investors to determine whether Nuveen 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 Core security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |