Nuveen Louisiana Municipal Fund Market Value
| FAFLX Fund | USD 10.64 0.04 0.38% |
| Symbol | Nuveen |
Nuveen Louisiana '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 Louisiana'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 Louisiana.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Nuveen Louisiana on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Nuveen Louisiana Municipal or generate 0.0% return on investment in Nuveen Louisiana over 720 days. Nuveen Louisiana is related to or competes with T Rowe, Blrc Sgy, Inflation-protected, Versatile Bond, Multisector Bond, and Ms Global. The fund normally invests at least 80 percent of its net assets in investment grade municipal bonds rated BBBBaa or high... More
Nuveen Louisiana 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 Louisiana'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 Louisiana Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3587 | |||
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.43 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.3795 |
Nuveen Louisiana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Louisiana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Louisiana's standard deviation. In reality, there are many statistical measures that can use Nuveen Louisiana historical prices to predict the future Nuveen Louisiana's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | 0.0036 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.38) | |||
| Treynor Ratio | 0.0932 |
Nuveen Louisiana Mun Backtested Returns
Nuveen Louisiana Mun has Sharpe Ratio of -0.0342, which conveys that the entity had a -0.0342% return per unit of risk over the last 3 months. Nuveen Louisiana exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Louisiana's Mean Deviation of 0.155, risk adjusted performance of (0.02), and Downside Deviation of 0.3587 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Louisiana are expected to decrease at a much lower rate. During the bear market, Nuveen Louisiana is likely to outperform the market.
Auto-correlation | -0.26 |
Weak reverse predictability
Nuveen Louisiana Municipal has weak reverse predictability. Overlapping area represents the amount of predictability between Nuveen Louisiana time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Louisiana Mun price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Nuveen Louisiana price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nuveen Louisiana Mun lagged returns against current returns
Autocorrelation, which is Nuveen Louisiana 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 Louisiana's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Louisiana returns to help us make a trade decision. For example, suppose you find that Nuveen Louisiana 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 Louisiana 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 Louisiana mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Louisiana 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 Louisiana mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Louisiana Lagged Returns
When evaluating Nuveen Louisiana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Louisiana mutual fund have on its future price. Nuveen Louisiana 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 Louisiana autocorrelation shows the relationship between Nuveen Louisiana mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Louisiana 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 Louisiana 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 Louisiana security.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities |