Nuveen Oregon Intermediate Fund Market Value
| FOTAX Fund | USD 9.82 0.04 0.41% |
| Symbol | Nuveen |
Nuveen Oregon '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 Oregon'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 Oregon.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Nuveen Oregon on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Oregon Intermediate or generate 0.0% return on investment in Nuveen Oregon over 30 days. Nuveen Oregon is related to or competes with Multimanager Lifestyle, Tiaa Cref, Dimensional Retirement, Qs Moderate, and Lifestyle. 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 Oregon personal income tax. More
Nuveen Oregon 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 Oregon'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 Oregon Intermediate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.265 | |||
| Information Ratio | (0.70) | |||
| Maximum Drawdown | 0.9272 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.207 |
Nuveen Oregon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Oregon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Oregon's standard deviation. In reality, there are many statistical measures that can use Nuveen Oregon historical prices to predict the future Nuveen Oregon's volatility.| Risk Adjusted Performance | 0.0278 | |||
| Jensen Alpha | 0.0113 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.47) | |||
| Treynor Ratio | (0.07) |
Nuveen Oregon Interm Backtested Returns
At this stage we consider Nuveen Mutual Fund to be very steady. Nuveen Oregon Interm has Sharpe Ratio of 0.0639, which conveys that the entity had a 0.0639% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nuveen Oregon, which you can use to evaluate the volatility of the fund. Please verify Nuveen Oregon's Risk Adjusted Performance of 0.0278, downside deviation of 0.265, and Mean Deviation of 0.112 to check out if the risk estimate we provide is consistent with the expected return of 0.0113%. The fund secures a Beta (Market Risk) of -0.0562, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Oregon are expected to decrease at a much lower rate. During the bear market, Nuveen Oregon is likely to outperform the market.
Auto-correlation | 0.62 |
Good predictability
Nuveen Oregon Intermediate has good predictability. Overlapping area represents the amount of predictability between Nuveen Oregon time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Oregon Interm price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Nuveen Oregon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Oregon Interm lagged returns against current returns
Autocorrelation, which is Nuveen Oregon 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 Oregon's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Oregon returns to help us make a trade decision. For example, suppose you find that Nuveen Oregon 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 Oregon 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 Oregon mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Oregon 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 Oregon mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Oregon Lagged Returns
When evaluating Nuveen Oregon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Oregon mutual fund have on its future price. Nuveen Oregon 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 Oregon autocorrelation shows the relationship between Nuveen Oregon mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Oregon Intermediate.
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 Oregon 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 Oregon security.
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