Nuveen High Income Fund Market Value
| FCSIX Fund | USD 6.75 0.05 0.75% |
| Symbol | NUVEEN |
Nuveen High '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 High'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 High.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Nuveen High on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen High Income or generate 0.0% return on investment in Nuveen High over 90 days. Nuveen High is related to or competes with Vanguard High-yield, Vanguard High-yield, Blackrock, Blackrock High, Blackrock, Blackrock High, and American Funds. Under normal circumstances, the fund invests at least 80 percent of the sum of its net assets and the amount of any borr... More
Nuveen High 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 High'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 High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1812 | |||
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 0.9156 | |||
| Value At Risk | (0.15) | |||
| Potential Upside | 0.6033 |
Nuveen High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen High's standard deviation. In reality, there are many statistical measures that can use Nuveen High historical prices to predict the future Nuveen High's volatility.| Risk Adjusted Performance | 0.1669 | |||
| Jensen Alpha | 0.0289 | |||
| Total Risk Alpha | 0.0071 | |||
| Sortino Ratio | (0.49) | |||
| Treynor Ratio | 0.528 |
Nuveen High Income Backtested Returns
At this stage we consider NUVEEN Mutual Fund to be very steady. Nuveen High Income has Sharpe Ratio of 0.27, which conveys that the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Nuveen High, which you can use to evaluate the volatility of the fund. Please verify Nuveen High's Coefficient Of Variation of 385.77, mean deviation of 0.1215, and Risk Adjusted Performance of 0.1669 to check out if the risk estimate we provide is consistent with the expected return of 0.0448%. The fund secures a Beta (Market Risk) of 0.0721, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen High is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Nuveen High Income has good predictability. Overlapping area represents the amount of predictability between Nuveen High time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 High Income price movement. The serial correlation of 0.74 indicates that around 74.0% of current Nuveen High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen High Income lagged returns against current returns
Autocorrelation, which is Nuveen High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Nuveen High returns to help us make a trade decision. For example, suppose you find that Nuveen High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen High Lagged Returns
When evaluating Nuveen High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen High mutual fund have on its future price. Nuveen High 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 High autocorrelation shows the relationship between Nuveen High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen High Income.
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 High 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 High security.
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