Nuveen Select Maturities Fund Market Value
| XNIMX Fund | USD 9.94 0.09 0.90% |
| Symbol | Nuveen |
Please note, there is a significant difference between Nuveen Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Select's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nuveen Select '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 Select'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 Select.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Nuveen Select on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Select Maturities or generate 0.0% return on investment in Nuveen Select over 30 days. Nuveen Select is related to or competes with Western Asset, Fidelity Sai, Deutsche Global, Schwab Treasury, Altegris Futures, Loomis Sayles, and Guggenheim Managed. Nuveen Select is entity of United States More
Nuveen Select 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 Select'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 Select Maturities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.59) | |||
| Maximum Drawdown | 1.1 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.201 |
Nuveen Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Select's standard deviation. In reality, there are many statistical measures that can use Nuveen Select historical prices to predict the future Nuveen Select's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 1.67 |
Nuveen Select Maturities Backtested Returns
Nuveen Select Maturities has Sharpe Ratio of -0.14, which conveys that the entity had a -0.14% return per unit of risk over the last 3 months. Nuveen Select exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Select's Mean Deviation of 0.1598, standard deviation of 0.2317, and Risk Adjusted Performance of (0.14) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0283, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Select are expected to decrease at a much lower rate. During the bear market, Nuveen Select is likely to outperform the market.
Auto-correlation | -0.88 |
Excellent reverse predictability
Nuveen Select Maturities has excellent reverse predictability. Overlapping area represents the amount of predictability between Nuveen Select time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Select Maturities price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Nuveen Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Select Maturities lagged returns against current returns
Autocorrelation, which is Nuveen Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Select returns to help us make a trade decision. For example, suppose you find that Nuveen Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Select 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 Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Select Lagged Returns
When evaluating Nuveen Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Select mutual fund have on its future price. Nuveen Select 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 Select autocorrelation shows the relationship between Nuveen Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Select Maturities.
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 Select 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 Select security.
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