Nuveen Missouri Municipal Fund Market Value
| FMOTX Fund | USD 10.67 0.01 0.09% |
| Symbol | Nuveen |
Nuveen Missouri '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 Missouri'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 Missouri.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Nuveen Missouri on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Missouri Municipal or generate 0.0% return on investment in Nuveen Missouri over 30 days. Nuveen Missouri is related to or competes with Nuveen Small, Nuveen Real, Nuveen Real, Nuveen Preferred, Nuveen Preferred, Nuveen Preferred, and Nuveen Preferred. Under normal market conditions, the fund invests at least 80 percent of its net assets in investment grade municipal bon... More
Nuveen Missouri 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 Missouri'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 Missouri Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4018 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.43 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.3784 |
Nuveen Missouri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Missouri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Missouri's standard deviation. In reality, there are many statistical measures that can use Nuveen Missouri historical prices to predict the future Nuveen Missouri's volatility.| Risk Adjusted Performance | 0.0567 | |||
| Jensen Alpha | 0.0246 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Missouri's 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 Missouri Municipal Backtested Returns
At this stage we consider Nuveen Mutual Fund to be very steady. Nuveen Missouri Municipal has Sharpe Ratio of 0.0867, which conveys that the entity had a 0.0867% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen Missouri, which you can use to evaluate the volatility of the fund. Please verify Nuveen Missouri's Mean Deviation of 0.1449, downside deviation of 0.4018, and Risk Adjusted Performance of 0.0567 to check out if the risk estimate we provide is consistent with the expected return of 0.0209%. The fund secures a Beta (Market Risk) of -0.0968, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Missouri are expected to decrease at a much lower rate. During the bear market, Nuveen Missouri is likely to outperform the market.
Auto-correlation | 0.65 |
Good predictability
Nuveen Missouri Municipal has good predictability. Overlapping area represents the amount of predictability between Nuveen Missouri time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Missouri Municipal price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Nuveen Missouri price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Missouri Municipal lagged returns against current returns
Autocorrelation, which is Nuveen Missouri 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 Missouri's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Missouri returns to help us make a trade decision. For example, suppose you find that Nuveen Missouri 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 Missouri 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 Missouri mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Missouri 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 Missouri mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Missouri Lagged Returns
When evaluating Nuveen Missouri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Missouri mutual fund have on its future price. Nuveen Missouri 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 Missouri autocorrelation shows the relationship between Nuveen Missouri mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Missouri 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 Missouri 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 Missouri security.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios |