Nuveen Massachusetts Municipal Fund Market Value
| NBMAX Fund | USD 9.16 0.01 0.11% |
| Symbol | Nuveen |
Nuveen Massachusetts '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 Massachusetts' 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 Massachusetts.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Nuveen Massachusetts on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Massachusetts Municipal or generate 0.0% return on investment in Nuveen Massachusetts over 90 days. Nuveen Massachusetts is related to or competes with Shelton Emerging, Doubleline Emerging, Dodge Cox, The Hartford, T Rowe, and Franklin Emerging. The fund normally invests at least 80 percent of the sum of its net assets and the amount of any borrowings for investme... More
Nuveen Massachusetts 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 Massachusetts' 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 Massachusetts Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.293 | |||
| Maximum Drawdown | 0.9796 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.4324 |
Nuveen Massachusetts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Massachusetts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Massachusetts' standard deviation. In reality, there are many statistical measures that can use Nuveen Massachusetts historical prices to predict the future Nuveen Massachusetts' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (1.08) |
Nuveen Massachusetts Backtested Returns
Nuveen Massachusetts has Sharpe Ratio of -0.0659, which conveys that the entity had a -0.0659 % return per unit of risk over the last 3 months. Nuveen Massachusetts exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Massachusetts' Risk Adjusted Performance of (0.13), standard deviation of 0.2384, and Mean Deviation of 0.183 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0364, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Massachusetts' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Massachusetts is expected to be smaller as well.
Auto-correlation | -0.54 |
Good reverse predictability
Nuveen Massachusetts Municipal has good reverse predictability. Overlapping area represents the amount of predictability between Nuveen Massachusetts time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Massachusetts price movement. The serial correlation of -0.54 indicates that about 54.0% of current Nuveen Massachusetts price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Massachusetts lagged returns against current returns
Autocorrelation, which is Nuveen Massachusetts 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 Massachusetts' mutual fund expected returns. We can calculate the autocorrelation of Nuveen Massachusetts returns to help us make a trade decision. For example, suppose you find that Nuveen Massachusetts 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 Massachusetts 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 Massachusetts mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Massachusetts 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 Massachusetts mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Massachusetts Lagged Returns
When evaluating Nuveen Massachusetts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Massachusetts mutual fund have on its future price. Nuveen Massachusetts 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 Massachusetts autocorrelation shows the relationship between Nuveen Massachusetts mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Massachusetts 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.Other Information on Investing in Nuveen Mutual Fund
Nuveen Massachusetts 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 Massachusetts security.
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