Nuveen New York Fund Market Value
| NAN Fund | USD 11.51 0.01 0.09% |
| Symbol | Nuveen |
Nuveen New '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 New'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 New.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Nuveen New on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Nuveen New York or generate 0.0% return on investment in Nuveen New over 360 days. Nuveen New is related to or competes with MFS Investment, Eaton Vance, Blackrock Muniyield, Munivest Fund, DTF Tax, Blackrock Muniholdings, and Blackrock Muniyield. Nuveen New York Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments,... More
Nuveen New 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 New'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 New York upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.52 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.12 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 0.7806 |
Nuveen New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen New's standard deviation. In reality, there are many statistical measures that can use Nuveen New historical prices to predict the future Nuveen New's volatility.| Risk Adjusted Performance | 0.038 | |||
| Jensen Alpha | 0.0154 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.7767 |
Nuveen New York Backtested Returns
As of now, Nuveen Fund is very steady. Nuveen New York has Sharpe Ratio of 0.0615, which conveys that the entity had a 0.0615% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nuveen New, which you can use to evaluate the volatility of the fund. Please verify Nuveen New's Risk Adjusted Performance of 0.038, mean deviation of 0.3806, and Downside Deviation of 0.52 to check out if the risk estimate we provide is consistent with the expected return of 0.0299%. The fund secures a Beta (Market Risk) of 0.0228, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen New is expected to be smaller as well.
Auto-correlation | 0.62 |
Good predictability
Nuveen New York has good predictability. Overlapping area represents the amount of predictability between Nuveen New time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 New York price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Nuveen New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Nuveen New York lagged returns against current returns
Autocorrelation, which is Nuveen New 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 New's fund expected returns. We can calculate the autocorrelation of Nuveen New returns to help us make a trade decision. For example, suppose you find that Nuveen New 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 New 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 New fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen New fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen New fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen New Lagged Returns
When evaluating Nuveen New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen New fund have on its future price. Nuveen New 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 New autocorrelation shows the relationship between Nuveen New fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen New York.
Regressed Prices |
| Timeline |
Pair Trading with Nuveen New
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nuveen New position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nuveen New will appreciate offsetting losses from the drop in the long position's value.Moving together with Nuveen Fund
The ability to find closely correlated positions to Nuveen New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nuveen New when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nuveen New - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nuveen New York to buy it.
The correlation of Nuveen New is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nuveen New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen New York moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nuveen New can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Nuveen Fund
Nuveen New 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 New security.
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