Nuveen Nebraska Municipal Fund Market Value
| NAAFX Fund | USD 9.91 0.02 0.20% |
| Symbol | Nuveen |
Nuveen Nebraska '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 Nebraska'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 Nebraska.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Nuveen Nebraska on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Nebraska Municipal or generate 0.0% return on investment in Nuveen Nebraska over 30 days. Nuveen Nebraska is related to or competes with T Rowe, Principal Lifetime, Aqr Large, Morningstar Unconstrained, Legg Mason, and T Rowe. Under normal market conditions, the fund invests at least 80 percent of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal and Nebraska personal income tax. More
Nuveen Nebraska 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 Nebraska'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 Nebraska Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4298 | |||
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 1.53 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.3083 |
Nuveen Nebraska Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Nebraska's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Nebraska's standard deviation. In reality, there are many statistical measures that can use Nuveen Nebraska historical prices to predict the future Nuveen Nebraska's volatility.| Risk Adjusted Performance | 0.0261 | |||
| Jensen Alpha | 0.0174 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | (0.06) |
Nuveen Nebraska Municipal Backtested Returns
At this stage we consider Nuveen Mutual Fund to be very steady. Nuveen Nebraska Municipal has Sharpe Ratio of 0.0532, which conveys that the entity had a 0.0532% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nuveen Nebraska, which you can use to evaluate the volatility of the fund. Please verify Nuveen Nebraska's Downside Deviation of 0.4298, risk adjusted performance of 0.0261, and Mean Deviation of 0.1633 to check out if the risk estimate we provide is consistent with the expected return of 0.0149%. 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 Nebraska are expected to decrease at a much lower rate. During the bear market, Nuveen Nebraska is likely to outperform the market.
Auto-correlation | 0.57 |
Modest predictability
Nuveen Nebraska Municipal has modest predictability. Overlapping area represents the amount of predictability between Nuveen Nebraska time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Nebraska Municipal price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Nuveen Nebraska price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Nebraska Municipal lagged returns against current returns
Autocorrelation, which is Nuveen Nebraska 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 Nebraska's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Nebraska returns to help us make a trade decision. For example, suppose you find that Nuveen Nebraska 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 Nebraska 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 Nebraska mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Nebraska 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 Nebraska mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Nebraska Lagged Returns
When evaluating Nuveen Nebraska's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Nebraska mutual fund have on its future price. Nuveen Nebraska 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 Nebraska autocorrelation shows the relationship between Nuveen Nebraska mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Nebraska 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 Nebraska 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 Nebraska security.
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |