Nuveen Pennsylvania Municipal Fund Market Value
| FPCCX Fund | USD 10.31 0.02 0.19% |
| Symbol | Nuveen |
Nuveen Pennsylvania '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 Pennsylvania'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 Pennsylvania.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Nuveen Pennsylvania on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Nuveen Pennsylvania Municipal or generate 0.0% return on investment in Nuveen Pennsylvania over 450 days. Nuveen Pennsylvania is related to or competes with Qs Us, Balanced Fund, Falcon Focus, and Arrow Managed. Under normal market conditions, the fund invests at least 80 percent of its net assets in investment grade municipal bon... More
Nuveen Pennsylvania 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 Pennsylvania'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 Pennsylvania Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 1.77 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.3968 |
Nuveen Pennsylvania Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Pennsylvania's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Pennsylvania's standard deviation. In reality, there are many statistical measures that can use Nuveen Pennsylvania historical prices to predict the future Nuveen Pennsylvania's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.1437 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Pennsylvania'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 Pennsylvania Backtested Returns
Nuveen Pennsylvania has Sharpe Ratio of -0.0283, which conveys that the entity had a -0.0283% return per unit of risk over the last 3 months. Nuveen Pennsylvania exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Pennsylvania's Mean Deviation of 0.1999, risk adjusted performance of (0.04), and Standard Deviation of 0.301 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Pennsylvania are expected to decrease at a much lower rate. During the bear market, Nuveen Pennsylvania is likely to outperform the market.
Auto-correlation | 0.59 |
Modest predictability
Nuveen Pennsylvania Municipal has modest predictability. Overlapping area represents the amount of predictability between Nuveen Pennsylvania time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th 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 Pennsylvania price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Nuveen Pennsylvania price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nuveen Pennsylvania lagged returns against current returns
Autocorrelation, which is Nuveen Pennsylvania 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 Pennsylvania's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Pennsylvania returns to help us make a trade decision. For example, suppose you find that Nuveen Pennsylvania 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 Pennsylvania 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 Pennsylvania mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Pennsylvania 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 Pennsylvania mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Pennsylvania Lagged Returns
When evaluating Nuveen Pennsylvania's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Pennsylvania mutual fund have on its future price. Nuveen Pennsylvania 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 Pennsylvania autocorrelation shows the relationship between Nuveen Pennsylvania mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Pennsylvania 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 Pennsylvania 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 Pennsylvania security.
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