Nuveen Preferred Securities Fund Market Value
| NPSFX Fund | USD 15.63 0.02 0.13% |
| Symbol | Nuveen |
Nuveen Preferred '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 Preferred'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 Preferred.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Nuveen Preferred on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Nuveen Preferred Securities or generate 0.0% return on investment in Nuveen Preferred over 330 days. Nuveen Preferred is related to or competes with Pimco Mortgage, Cohen Steers, Jpmorgan Mortgage-backed, Muzinich Low, and Jpmorgan Income. 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 Preferred 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 Preferred'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 Preferred Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1613 | |||
| Information Ratio | (0.70) | |||
| Maximum Drawdown | 0.7713 | |||
| Value At Risk | (0.25) | |||
| Potential Upside | 0.2569 |
Nuveen Preferred Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Preferred's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Preferred's standard deviation. In reality, there are many statistical measures that can use Nuveen Preferred historical prices to predict the future Nuveen Preferred's volatility.| Risk Adjusted Performance | 0.0777 | |||
| Jensen Alpha | 0.0111 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.66) | |||
| Treynor Ratio | 0.6715 |
Nuveen Preferred Sec Backtested Returns
At this stage we consider Nuveen Mutual Fund to be very steady. Nuveen Preferred Sec has Sharpe Ratio of 0.13, which conveys that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nuveen Preferred, which you can use to evaluate the volatility of the fund. Please verify Nuveen Preferred's Coefficient Of Variation of 651.98, risk adjusted performance of 0.0777, and Mean Deviation of 0.1186 to check out if the risk estimate we provide is consistent with the expected return of 0.0199%. The fund secures a Beta (Market Risk) of 0.0202, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Preferred's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Preferred is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
Nuveen Preferred Securities has very good predictability. Overlapping area represents the amount of predictability between Nuveen Preferred time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Preferred Sec price movement. The serial correlation of 0.84 indicates that around 84.0% of current Nuveen Preferred price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Nuveen Preferred Sec lagged returns against current returns
Autocorrelation, which is Nuveen Preferred 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 Preferred's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Preferred returns to help us make a trade decision. For example, suppose you find that Nuveen Preferred 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 Preferred 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 Preferred mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Preferred 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 Preferred mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Preferred Lagged Returns
When evaluating Nuveen Preferred's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Preferred mutual fund have on its future price. Nuveen Preferred 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 Preferred autocorrelation shows the relationship between Nuveen Preferred mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Preferred Securities.
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 Preferred 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 Preferred security.
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