Nuveen California Amt Fund Market Value
| NKX Fund | USD 12.70 0.02 0.16% |
| Symbol | Nuveen |
Nuveen California '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 California'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 California.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Nuveen California on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen California Amt or generate 0.0% return on investment in Nuveen California over 90 days. Nuveen California is related to or competes with BlackRock California, Blackrock Muniyield, Munivest Fund, Pimco California, Pimco California, Eaton Vance, and Invesco California. Nuveen California AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen I... More
Nuveen California 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 California'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 California Amt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9346 | |||
| Information Ratio | 0.1281 | |||
| Maximum Drawdown | 4.07 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.45 |
Nuveen California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen California's standard deviation. In reality, there are many statistical measures that can use Nuveen California historical prices to predict the future Nuveen California's volatility.| Risk Adjusted Performance | 0.0192 | |||
| Jensen Alpha | 0.026 | |||
| Total Risk Alpha | 0.126 | |||
| Sortino Ratio | 0.1272 | |||
| Treynor Ratio | 0.0664 |
Nuveen California Amt Backtested Returns
At this stage we consider Nuveen Fund to be very steady. Nuveen California Amt has Sharpe Ratio of 0.0115, which conveys that the entity had a 0.0115 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Nuveen California, which you can use to evaluate the volatility of the fund. Please verify Nuveen California's Downside Deviation of 0.9346, risk adjusted performance of 0.0192, and Mean Deviation of 0.6485 to check out if the risk estimate we provide is consistent with the expected return of 0.0109%. The fund secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen California is expected to be smaller as well.
Auto-correlation | -0.04 |
Very weak reverse predictability
Nuveen California Amt has very weak reverse predictability. Overlapping area represents the amount of predictability between Nuveen California time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 California Amt price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Nuveen California price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nuveen California Amt lagged returns against current returns
Autocorrelation, which is Nuveen California 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 California's fund expected returns. We can calculate the autocorrelation of Nuveen California returns to help us make a trade decision. For example, suppose you find that Nuveen California 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 California 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 California fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen California fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen California fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen California Lagged Returns
When evaluating Nuveen California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen California fund have on its future price. Nuveen California 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 California autocorrelation shows the relationship between Nuveen California fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen California Amt.
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 California 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 California security.
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