Nuveen Symphony Credit Fund Market Value
| NCOIX Fund | USD 18.06 0.13 0.73% |
| Symbol | Nuveen |
Nuveen Symphony '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 Symphony'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 Symphony.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Nuveen Symphony on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Symphony Credit or generate 0.0% return on investment in Nuveen Symphony over 30 days. Nuveen Symphony is related to or competes with Nuveen Small, Nuveen Real, Nuveen Real, Nuveen Preferred, Nuveen Preferred, Nuveen Preferred, and Nuveen Preferred. Under normal circumstances, the fund invests at least 80 percent of the sum of its net assets and the amount of any borr... More
Nuveen Symphony 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 Symphony'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 Symphony Credit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.144 | |||
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 0.9653 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.3948 |
Nuveen Symphony Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Symphony's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Symphony's standard deviation. In reality, there are many statistical measures that can use Nuveen Symphony historical prices to predict the future Nuveen Symphony's volatility.| Risk Adjusted Performance | 0.1579 | |||
| Jensen Alpha | 0.0276 | |||
| Total Risk Alpha | 0.0052 | |||
| Sortino Ratio | (0.62) | |||
| Treynor Ratio | 0.4694 |
Nuveen Symphony Credit Backtested Returns
At this stage we consider Nuveen Mutual Fund to be very steady. Nuveen Symphony Credit has Sharpe Ratio of 0.24, which conveys that the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nuveen Symphony, which you can use to evaluate the volatility of the fund. Please verify Nuveen Symphony's Mean Deviation of 0.1377, risk adjusted performance of 0.1579, and Coefficient Of Variation of 408.97 to check out if the risk estimate we provide is consistent with the expected return of 0.0432%. The fund secures a Beta (Market Risk) of 0.0808, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Symphony's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Symphony is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Nuveen Symphony Credit has modest predictability. Overlapping area represents the amount of predictability between Nuveen Symphony time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Symphony Credit price movement. The serial correlation of 0.52 indicates that about 52.0% of current Nuveen Symphony price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Symphony Credit lagged returns against current returns
Autocorrelation, which is Nuveen Symphony 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 Symphony's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Symphony returns to help us make a trade decision. For example, suppose you find that Nuveen Symphony 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 Symphony 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 Symphony mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Symphony 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 Symphony mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Symphony Lagged Returns
When evaluating Nuveen Symphony's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Symphony mutual fund have on its future price. Nuveen Symphony 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 Symphony autocorrelation shows the relationship between Nuveen Symphony mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Symphony Credit.
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 Symphony 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 Symphony security.
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