Nuveen Massachusetts Municipal Fund Market Value
| NBMAX Fund | USD 9.39 0.05 0.54% |
| Symbol | Nuveen |
Nuveen Massachusetts '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 Massachusetts' 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 Massachusetts.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Nuveen Massachusetts on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Nuveen Massachusetts Municipal or generate 0.0% return on investment in Nuveen Massachusetts over 390 days. Nuveen Massachusetts is related to or competes with Mid-cap Value, Ultramid-cap Profund, American Century, Heartland Value, Mutual Of, and Fidelity Small. The fund normally invests at least 80 percent of the sum of its net assets and the amount of any borrowings for investme... More
Nuveen Massachusetts 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 Massachusetts' 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 Massachusetts Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3438 | |||
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.3 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.3254 |
Nuveen Massachusetts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Massachusetts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Massachusetts' standard deviation. In reality, there are many statistical measures that can use Nuveen Massachusetts historical prices to predict the future Nuveen Massachusetts' volatility.| Risk Adjusted Performance | 0.0534 | |||
| Jensen Alpha | 0.0248 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | (0.14) |
Nuveen Massachusetts Backtested Returns
At this stage we consider Nuveen Mutual Fund to be very steady. Nuveen Massachusetts has Sharpe Ratio of 0.074, which conveys that the entity had a 0.074% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen Massachusetts, which you can use to evaluate the volatility of the fund. Please verify Nuveen Massachusetts' Mean Deviation of 0.144, downside deviation of 0.3438, and Risk Adjusted Performance of 0.0534 to check out if the risk estimate we provide is consistent with the expected return of 0.017%. The fund secures a Beta (Market Risk) of -0.0925, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Massachusetts are expected to decrease at a much lower rate. During the bear market, Nuveen Massachusetts is likely to outperform the market.
Auto-correlation | 0.79 |
Good predictability
Nuveen Massachusetts Municipal has good predictability. Overlapping area represents the amount of predictability between Nuveen Massachusetts time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Massachusetts price movement. The serial correlation of 0.79 indicates that around 79.0% of current Nuveen Massachusetts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nuveen Massachusetts lagged returns against current returns
Autocorrelation, which is Nuveen Massachusetts 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 Massachusetts' mutual fund expected returns. We can calculate the autocorrelation of Nuveen Massachusetts returns to help us make a trade decision. For example, suppose you find that Nuveen Massachusetts 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 Massachusetts 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 Massachusetts mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Massachusetts 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 Massachusetts mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Massachusetts Lagged Returns
When evaluating Nuveen Massachusetts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Massachusetts mutual fund have on its future price. Nuveen Massachusetts 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 Massachusetts autocorrelation shows the relationship between Nuveen Massachusetts mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Massachusetts 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 Massachusetts 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 Massachusetts security.
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