Nuveen Equity Longshort Fund Market Value
| NELIX Fund | USD 64.36 0.29 0.45% |
| Symbol | Nuveen |
Nuveen Equity '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 Equity'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 Equity.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Nuveen Equity on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Nuveen Equity Longshort or generate 0.0% return on investment in Nuveen Equity over 540 days. Nuveen Equity is related to or competes with Diamond Hill, Nuveen Equity, Nuveen Equity, Guggenheim Risk, and Guggenheim Alpha. The fund pursues its investment objective by establishing long and short positions in a diversified portfolio of equity ... More
Nuveen Equity 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 Equity'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 Equity Longshort upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6753 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.84 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.9103 |
Nuveen Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Equity's standard deviation. In reality, there are many statistical measures that can use Nuveen Equity historical prices to predict the future Nuveen Equity's volatility.| Risk Adjusted Performance | 0.1459 | |||
| Jensen Alpha | 0.0347 | |||
| Total Risk Alpha | 0.0156 | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1736 |
Nuveen Equity Longshort Backtested Returns
At this stage we consider Nuveen Mutual Fund to be very steady. Nuveen Equity Longshort has Sharpe Ratio of 0.26, which conveys that the entity had a 0.26% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nuveen Equity, which you can use to evaluate the volatility of the fund. Please verify Nuveen Equity's Mean Deviation of 0.4158, downside deviation of 0.6753, and Risk Adjusted Performance of 0.1459 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. 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, Nuveen Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Equity is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
Nuveen Equity Longshort has very good predictability. Overlapping area represents the amount of predictability between Nuveen Equity time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Equity Longshort price movement. The serial correlation of 0.83 indicates that around 83.0% of current Nuveen Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 5.44 |
Nuveen Equity Longshort lagged returns against current returns
Autocorrelation, which is Nuveen Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Equity returns to help us make a trade decision. For example, suppose you find that Nuveen Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Equity Lagged Returns
When evaluating Nuveen Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Equity mutual fund have on its future price. Nuveen Equity 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 Equity autocorrelation shows the relationship between Nuveen Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Equity Longshort.
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 Equity 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 Equity security.
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