Nuveen Dividend Advantage Fund Market Value
| NAD Fund | USD 12.23 0.11 0.91% |
| Symbol | Nuveen |
Nuveen Dividend '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 Dividend's 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 Dividend.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Nuveen Dividend on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Dividend Advantage or generate 0.0% return on investment in Nuveen Dividend over 30 days. Nuveen Dividend is related to or competes with MFS Investment, Eaton Vance, DTF Tax, HUMANA, SCOR PK, Ab Pennsylvania, and Small Cap. Nuveen Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc More
Nuveen Dividend 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 Dividend's 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 Dividend Advantage upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6426 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 2.82 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 0.8467 |
Nuveen Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Dividend's standard deviation. In reality, there are many statistical measures that can use Nuveen Dividend historical prices to predict the future Nuveen Dividend's volatility.| Risk Adjusted Performance | 0.0692 | |||
| Jensen Alpha | 0.0379 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 1.23 |
Nuveen Dividend Advantage Backtested Returns
At this point, Nuveen Dividend is very steady. Nuveen Dividend Advantage has Sharpe Ratio of 0.1, which conveys that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nuveen Dividend, which you can use to evaluate the volatility of the fund. Please verify Nuveen Dividend's Risk Adjusted Performance of 0.0692, downside deviation of 0.6426, and Mean Deviation of 0.407 to check out if the risk estimate we provide is consistent with the expected return of 0.0556%. The fund secures a Beta (Market Risk) of 0.034, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Dividend is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Nuveen Dividend Advantage has good predictability. Overlapping area represents the amount of predictability between Nuveen Dividend time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Dividend Advantage price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Nuveen Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nuveen Dividend Advantage lagged returns against current returns
Autocorrelation, which is Nuveen Dividend 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 Dividend's fund expected returns. We can calculate the autocorrelation of Nuveen Dividend returns to help us make a trade decision. For example, suppose you find that Nuveen Dividend has exhibited high autocorrelation historically, and you observe that the 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 Dividend 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 Dividend fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Dividend fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Dividend fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Dividend Lagged Returns
When evaluating Nuveen Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Dividend fund have on its future price. Nuveen Dividend 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 Dividend autocorrelation shows the relationship between Nuveen Dividend fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Dividend Advantage.
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 Fund
Nuveen Dividend financial ratios help investors to determine whether Nuveen 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 Dividend security.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |