Nuance Mid Cap Fund Market Value
| NMAVX Fund | USD 13.64 0.09 0.66% |
| Symbol | NUANCE |
Nuance Mid '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 Mid'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 Mid.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nuance Mid on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nuance Mid Cap or generate 0.0% return on investment in Nuance Mid over 30 days. Nuance Mid is related to or competes with Financial Industries, Vanguard Financials, Prudential Jennison, T Rowe, Gabelli Global, and Royce Global. Under normal market conditions, the fund invests at least 80 percent of its net assets in securities issued by mid-capit... More
Nuance Mid 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 Mid'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 Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8793 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.64 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.14 |
Nuance Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuance Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuance Mid's standard deviation. In reality, there are many statistical measures that can use Nuance Mid historical prices to predict the future Nuance Mid's volatility.| Risk Adjusted Performance | 0.0438 | |||
| Jensen Alpha | 0.0316 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 5.13 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuance Mid'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.
Nuance Mid Cap Backtested Returns
At this stage we consider NUANCE Mutual Fund to be very steady. Nuance Mid Cap has Sharpe Ratio of 0.0507, which conveys that the entity had a 0.0507% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nuance Mid, which you can use to evaluate the volatility of the fund. Please verify Nuance Mid's Mean Deviation of 0.5758, risk adjusted performance of 0.0438, and Downside Deviation of 0.8793 to check out if the risk estimate we provide is consistent with the expected return of 0.0381%. The fund secures a Beta (Market Risk) of 0.0063, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuance Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuance Mid is expected to be smaller as well.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Nuance Mid Cap has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nuance Mid time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Mid Cap price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Nuance Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Nuance Mid Cap lagged returns against current returns
Autocorrelation, which is Nuance Mid 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 Mid's mutual fund expected returns. We can calculate the autocorrelation of Nuance Mid returns to help us make a trade decision. For example, suppose you find that Nuance Mid 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 Mid 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 Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuance Mid 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 Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuance Mid Lagged Returns
When evaluating Nuance Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuance Mid mutual fund have on its future price. Nuance Mid 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 Mid autocorrelation shows the relationship between Nuance Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuance Mid Cap.
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 Mid 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 Mid security.
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device |