Nuveen Strategic Income Fund Market Value
| FSFRX Fund | USD 9.95 0.02 0.20% |
| Symbol | Nuveen |
Nuveen Strategic '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 Strategic'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 Strategic.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nuveen Strategic on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Strategic Income or generate 0.0% return on investment in Nuveen Strategic over 30 days. Nuveen Strategic is related to or competes with Ultra-short Fixed, Blrc Sgy, Icon Bond, Ambrus Core, Calamos Dynamic, and Touchstone Premium. The fund normally invests at least 80 percent of its net assets in income producing securities, including U.S More
Nuveen Strategic 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 Strategic'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 Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2205 | |||
| Information Ratio | (0.60) | |||
| Maximum Drawdown | 0.9098 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.4049 |
Nuveen Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Strategic's standard deviation. In reality, there are many statistical measures that can use Nuveen Strategic historical prices to predict the future Nuveen Strategic's volatility.| Risk Adjusted Performance | 0.002 | |||
| Jensen Alpha | 0.0025 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.56) | |||
| Treynor Ratio | 0.0551 |
Nuveen Strategic Income Backtested Returns
At this stage we consider Nuveen Mutual Fund to be very steady. Nuveen Strategic Income has Sharpe Ratio of 0.0323, which conveys that the entity had a 0.0323% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen Strategic, which you can use to evaluate the volatility of the fund. Please verify Nuveen Strategic's Risk Adjusted Performance of 0.002, downside deviation of 0.2205, and Mean Deviation of 0.1507 to check out if the risk estimate we provide is consistent with the expected return of 0.0066%. The fund secures a Beta (Market Risk) of -0.0389, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Strategic are expected to decrease at a much lower rate. During the bear market, Nuveen Strategic is likely to outperform the market.
Auto-correlation | 0.44 |
Average predictability
Nuveen Strategic Income has average predictability. Overlapping area represents the amount of predictability between Nuveen Strategic time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Strategic Income price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Nuveen Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Strategic Income lagged returns against current returns
Autocorrelation, which is Nuveen Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Strategic returns to help us make a trade decision. For example, suppose you find that Nuveen Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Strategic Lagged Returns
When evaluating Nuveen Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Strategic mutual fund have on its future price. Nuveen Strategic 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 Strategic autocorrelation shows the relationship between Nuveen Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Strategic 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 Strategic 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 Strategic security.
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