Nuance Centrated Value Fund Market Value
| NCVLX Fund | USD 13.27 0.15 1.14% |
| Symbol | Nuance |
Nuance Concentrated '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 Nuance Concentrated'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 Nuance Concentrated.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Nuance Concentrated on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Nuance Centrated Value or generate 0.0% return on investment in Nuance Concentrated over 360 days. Nuance Concentrated is related to or competes with Tortoise Mlp, Nuance Mid, Lazard International, Baron Emerging, and Lazard Global. The fund invests primarily in equity securities of companies organized in the United States that the Adviser believes ar... More
Nuance Concentrated 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 Nuance Concentrated'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 Nuance Centrated Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.28 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.14 |
Nuance Concentrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuance Concentrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuance Concentrated's standard deviation. In reality, there are many statistical measures that can use Nuance Concentrated historical prices to predict the future Nuance Concentrated's volatility.| Risk Adjusted Performance | 0.0263 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0293 |
Nuance Centrated Value Backtested Returns
At this stage we consider Nuance Mutual Fund to be very steady. Nuance Centrated Value has Sharpe Ratio of 0.0069, which conveys that the entity had a 0.0069% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuance Concentrated, which you can use to evaluate the volatility of the fund. Please verify Nuance Concentrated's Risk Adjusted Performance of 0.0263, downside deviation of 1.03, and Mean Deviation of 0.6463 to check out if the risk estimate we provide is consistent with the expected return of 0.0055%. The fund secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nuance Concentrated's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuance Concentrated is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
Nuance Centrated Value has very weak predictability. Overlapping area represents the amount of predictability between Nuance Concentrated time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Nuance Centrated Value price movement. The serial correlation of 0.16 indicates that over 16.0% of current Nuance Concentrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Nuance Centrated Value lagged returns against current returns
Autocorrelation, which is Nuance Concentrated 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 Nuance Concentrated's mutual fund expected returns. We can calculate the autocorrelation of Nuance Concentrated returns to help us make a trade decision. For example, suppose you find that Nuance Concentrated 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 |
Nuance Concentrated 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 Nuance Concentrated mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuance Concentrated mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuance Concentrated mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuance Concentrated Lagged Returns
When evaluating Nuance Concentrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuance Concentrated mutual fund have on its future price. Nuance Concentrated 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, Nuance Concentrated autocorrelation shows the relationship between Nuance Concentrated mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuance Centrated Value.
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 Nuance Mutual Fund
Nuance Concentrated financial ratios help investors to determine whether Nuance 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 Nuance with respect to the benefits of owning Nuance Concentrated security.
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