Nuveen Symphony Floating Fund Market Value

NFRAX Fund  USD 18.25  0.01  0.05%   
Nuveen Symphony's market value is the price at which a share of Nuveen Symphony trades on a public exchange. It measures the collective expectations of Nuveen Symphony Floating investors about its performance. Nuveen Symphony is trading at 18.25 as of the 4th of December 2024; that is 0.05% up since the beginning of the trading day. The fund's open price was 18.24.
With this module, you can estimate the performance of a buy and hold strategy of Nuveen Symphony Floating and determine expected loss or profit from investing in Nuveen Symphony over a given investment horizon. Check out Nuveen Symphony Correlation, Nuveen Symphony Volatility and Nuveen Symphony Alpha and Beta module to complement your research on Nuveen Symphony.
Symbol

Please note, there is a significant difference between Nuveen Symphony's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Symphony is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Symphony'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 Symphony '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 Symphony'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 Symphony.
0.00
11/04/2024
No Change 0.00  0.0 
In 31 days
12/04/2024
0.00
If you would invest  0.00  in Nuveen Symphony on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Symphony Floating or generate 0.0% return on investment in Nuveen Symphony over 30 days. Nuveen Symphony is related to or competes with Nuveen Symphony, Nuveen Symphony, Nuveen Symphony, Guggenheim Floating, and Eaton Vance. Under normal market conditions, the fund invests at least 80 percent of the sum of its net assets and the amount of any ... More

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

Nuveen Symphony Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Symphony's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Symphony's standard deviation. In reality, there are many statistical measures that can use Nuveen Symphony historical prices to predict the future Nuveen Symphony's volatility.
Hype
Prediction
LowEstimatedHigh
18.1118.2518.39
Details
Intrinsic
Valuation
LowRealHigh
16.6016.7420.08
Details
Naive
Forecast
LowNextHigh
18.1118.2618.40
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
18.1018.1618.22
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nuveen Symphony. Your research has to be compared to or analyzed against Nuveen Symphony's peers to derive any actionable benefits. When done correctly, Nuveen Symphony'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 Symphony Floating.

Nuveen Symphony Floating Backtested Returns

At this stage we consider Nuveen Mutual Fund to be very steady. Nuveen Symphony Floating has Sharpe Ratio of 0.27, which conveys that the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nuveen Symphony, which you can use to evaluate the volatility of the fund. Please verify Nuveen Symphony's Coefficient Of Variation of 391.78, mean deviation of 0.0703, and Risk Adjusted Performance of 0.151 to check out if the risk estimate we provide is consistent with the expected return of 0.0382%. The fund secures a Beta (Market Risk) of 0.0066, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Symphony's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Symphony is expected to be smaller as well.

Auto-correlation

    
  0.62  

Good predictability

Nuveen Symphony Floating has good predictability. Overlapping area represents the amount of predictability between Nuveen Symphony time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Symphony Floating price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Nuveen Symphony price fluctuation can be explain by its past prices.
Correlation Coefficient0.62
Spearman Rank Test0.98
Residual Average0.0
Price Variance0.0

Nuveen Symphony Floating lagged returns against current returns

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

Nuveen Symphony Lagged Returns

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

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Other Information on Investing in Nuveen Mutual Fund

Nuveen Symphony 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 Symphony security.
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