Nuveen Credit Strategies Fund Market Value
| JQC Fund | USD 5.90 0.04 0.68% |
| Symbol | Nuveen |
Nuveen Credit '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 Credit'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 Credit.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Nuveen Credit on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Credit Strategies or generate 0.0% return on investment in Nuveen Credit over 90 days. Nuveen Credit is related to or competes with BlackRock Floating, Eaton Vance, Eaton Vance, and Nuveen Floating. Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc More
Nuveen Credit 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 Credit'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 Credit Strategies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7618 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.37 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.03 |
Nuveen Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Credit's standard deviation. In reality, there are many statistical measures that can use Nuveen Credit historical prices to predict the future Nuveen Credit's volatility.| Risk Adjusted Performance | 0.0882 | |||
| Jensen Alpha | 0.0767 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (1.05) |
Nuveen Credit Strategies Backtested Returns
At this point, Nuveen Credit is not too volatile. Nuveen Credit Strategies has Sharpe Ratio of 0.0866, which conveys that the entity had a 0.0866% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nuveen Credit, which you can use to evaluate the volatility of the fund. Please verify Nuveen Credit's Downside Deviation of 0.7618, risk adjusted performance of 0.0882, and Mean Deviation of 0.552 to check out if the risk estimate we provide is consistent with the expected return of 0.0589%. The fund secures a Beta (Market Risk) of -0.066, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Credit are expected to decrease at a much lower rate. During the bear market, Nuveen Credit is likely to outperform the market.
Auto-correlation | 0.16 |
Very weak predictability
Nuveen Credit Strategies has very weak predictability. Overlapping area represents the amount of predictability between Nuveen Credit time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd 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 Credit Strategies price movement. The serial correlation of 0.16 indicates that over 16.0% of current Nuveen Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nuveen Credit Strategies lagged returns against current returns
Autocorrelation, which is Nuveen Credit 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 Credit's fund expected returns. We can calculate the autocorrelation of Nuveen Credit returns to help us make a trade decision. For example, suppose you find that Nuveen Credit 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 Credit 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 Credit fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Credit fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Credit fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Credit Lagged Returns
When evaluating Nuveen Credit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Credit fund have on its future price. Nuveen Credit 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 Credit autocorrelation shows the relationship between Nuveen Credit fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Credit Strategies.
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 Credit 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 Credit security.
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