Nuveen Amt Free Municipal Fund Market Value
| NEA Fund | USD 11.62 0.02 0.17% |
| Symbol | Nuveen |
Nuveen Amt-free '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 Amt-free'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 Amt-free.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Nuveen Amt-free on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Nuveen Amt Free Municipal or generate 0.0% return on investment in Nuveen Amt-free over 720 days. Nuveen Amt-free is related to or competes with Nuveen Municipal, Nuveen Amt, Nuveen Municipal, Nuveen Municipal, Nuveen Dividend, Nuveen Municipal, and Munivest Fund. Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments ... More
Nuveen Amt-free 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 Amt-free'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 Amt Free Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6733 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.47 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.6029 |
Nuveen Amt-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Amt-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Amt-free's standard deviation. In reality, there are many statistical measures that can use Nuveen Amt-free historical prices to predict the future Nuveen Amt-free's volatility.| Risk Adjusted Performance | 0.0459 | |||
| Jensen Alpha | 0.0236 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 4.05 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Amt-free's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nuveen Amt Free Backtested Returns
At this point, Nuveen Amt-free is very steady. Nuveen Amt Free has Sharpe Ratio of 0.0597, which conveys that the entity had a 0.0597% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nuveen Amt-free, which you can use to evaluate the volatility of the fund. Please verify Nuveen Amt-free's Downside Deviation of 0.6733, mean deviation of 0.3845, and Risk Adjusted Performance of 0.0459 to check out if the risk estimate we provide is consistent with the expected return of 0.0312%. The fund secures a Beta (Market Risk) of 0.006, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Amt-free's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Amt-free is expected to be smaller as well.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Nuveen Amt Free Municipal has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nuveen Amt-free time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Amt Free price movement. The serial correlation of -0.78 indicates that around 78.0% of current Nuveen Amt-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Nuveen Amt Free lagged returns against current returns
Autocorrelation, which is Nuveen Amt-free 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 Amt-free's fund expected returns. We can calculate the autocorrelation of Nuveen Amt-free returns to help us make a trade decision. For example, suppose you find that Nuveen Amt-free 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 Amt-free 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 Amt-free fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Amt-free fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Amt-free fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Amt-free Lagged Returns
When evaluating Nuveen Amt-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Amt-free fund have on its future price. Nuveen Amt-free 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 Amt-free autocorrelation shows the relationship between Nuveen Amt-free fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Amt Free 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 Fund
Nuveen Amt-free 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 Amt-free security.
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