Nuveen Virginia Quality Fund Market Value
| NPV Fund | USD 13.26 0.01 0.08% |
| Symbol | Nuveen |
Nuveen Virginia '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 Virginia'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 Virginia.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Nuveen Virginia on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Nuveen Virginia Quality or generate 0.0% return on investment in Nuveen Virginia over 720 days. Nuveen Virginia is related to or competes with BBX Capital, Insight Select, Blackrock Enhanced, Eaton Vance, Nuveen New, Nuveen California, and Nuveen New. Nuveen Virginia Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments,... More
Nuveen Virginia 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 Virginia'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 Virginia Quality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7519 | |||
| Information Ratio | 0.103 | |||
| Maximum Drawdown | 4.95 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.51 |
Nuveen Virginia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Virginia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Virginia's standard deviation. In reality, there are many statistical measures that can use Nuveen Virginia historical prices to predict the future Nuveen Virginia's volatility.| Risk Adjusted Performance | 0.193 | |||
| Jensen Alpha | 0.2053 | |||
| Total Risk Alpha | 0.0733 | |||
| Sortino Ratio | 0.1191 | |||
| Treynor Ratio | 8.43 |
Nuveen Virginia Quality Backtested Returns
Nuveen Virginia appears to be very steady, given 3 months investment horizon. Nuveen Virginia Quality has Sharpe Ratio of 0.23, which conveys that the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen Virginia, which you can use to evaluate the volatility of the fund. Please exercise Nuveen Virginia's Mean Deviation of 0.6439, downside deviation of 0.7519, and Risk Adjusted Performance of 0.193 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.0247, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Virginia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Virginia is expected to be smaller as well.
Auto-correlation | -0.83 |
Excellent reverse predictability
Nuveen Virginia Quality has excellent reverse predictability. Overlapping area represents the amount of predictability between Nuveen Virginia time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Virginia Quality price movement. The serial correlation of -0.83 indicates that around 83.0% of current Nuveen Virginia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
Nuveen Virginia Quality lagged returns against current returns
Autocorrelation, which is Nuveen Virginia 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 Virginia's fund expected returns. We can calculate the autocorrelation of Nuveen Virginia returns to help us make a trade decision. For example, suppose you find that Nuveen Virginia 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 Virginia 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 Virginia fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Virginia fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Virginia fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Virginia Lagged Returns
When evaluating Nuveen Virginia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Virginia fund have on its future price. Nuveen Virginia 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 Virginia autocorrelation shows the relationship between Nuveen Virginia fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Virginia Quality.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Nuveen Fund
Nuveen Virginia 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 Virginia security.
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