Nuveen Kansas Municipal Fund Market Value
| FRKSX Fund | USD 10.11 0.04 0.40% |
| Symbol | Nuveen |
Nuveen Kansas '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 Kansas' 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 Kansas.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Nuveen Kansas on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Kansas Municipal or generate 0.0% return on investment in Nuveen Kansas over 30 days. Nuveen Kansas is related to or competes with Fidelity Sai, Rational/pier, Gamco Global, Gabelli Convertible, and Advent Claymore. The fund normally invests at least 80 percent of its net assets in investment grade municipal bonds rated BBBBaa or high... More
Nuveen Kansas 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 Kansas' 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 Kansas Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3416 | |||
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.31 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.303 |
Nuveen Kansas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Kansas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Kansas' standard deviation. In reality, there are many statistical measures that can use Nuveen Kansas historical prices to predict the future Nuveen Kansas' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0097 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.38) | |||
| Treynor Ratio | 0.0353 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Kansas' 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 Kansas Municipal Backtested Returns
Nuveen Kansas Municipal has Sharpe Ratio of -0.0053, which conveys that the entity had a -0.0053% return per unit of risk over the last 3 months. Nuveen Kansas exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Kansas' Mean Deviation of 0.1588, downside deviation of 0.3416, and insignificant Risk Adjusted Performance 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 Kansas are expected to decrease at a much lower rate. During the bear market, Nuveen Kansas is likely to outperform the market.
Auto-correlation | 0.60 |
Good predictability
Nuveen Kansas Municipal has good predictability. Overlapping area represents the amount of predictability between Nuveen Kansas time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Kansas Municipal price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Nuveen Kansas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Kansas Municipal lagged returns against current returns
Autocorrelation, which is Nuveen Kansas 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 Kansas' mutual fund expected returns. We can calculate the autocorrelation of Nuveen Kansas returns to help us make a trade decision. For example, suppose you find that Nuveen Kansas 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 Kansas 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 Kansas mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Kansas 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 Kansas mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Kansas Lagged Returns
When evaluating Nuveen Kansas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Kansas mutual fund have on its future price. Nuveen Kansas 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 Kansas autocorrelation shows the relationship between Nuveen Kansas mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Kansas 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 Kansas 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 Kansas security.
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