Nuveen Santa Barbara Fund Market Value
| NSBAX Fund | USD 66.42 0.44 0.67% |
| Symbol | Nuveen |
Nuveen Santa '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 Santa'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 Santa.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Nuveen Santa on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Nuveen Santa Barbara or generate 0.0% return on investment in Nuveen Santa over 330 days. Nuveen Santa is related to or competes with Lord Abbett, Guidepath(r) Managed, Federated Hermes, Ab Municipal, Ab Municipal, Loomis Sayles, and Fidelity Sai. Under normal market conditions, the fund invests at least 80 percent of its net assets in dividend-paying common stocks ... More
Nuveen Santa 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 Santa'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 Santa Barbara upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6259 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 2.56 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.9669 |
Nuveen Santa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Santa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Santa's standard deviation. In reality, there are many statistical measures that can use Nuveen Santa historical prices to predict the future Nuveen Santa's volatility.| Risk Adjusted Performance | 0.0916 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0967 |
Nuveen Santa Barbara Backtested Returns
At this stage we consider Nuveen Mutual Fund to be very steady. Nuveen Santa Barbara has Sharpe Ratio of 0.1, which conveys that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen Santa, which you can use to evaluate the volatility of the fund. Please verify Nuveen Santa's Risk Adjusted Performance of 0.0916, downside deviation of 0.6259, and Mean Deviation of 0.4806 to check out if the risk estimate we provide is consistent with the expected return of 0.0608%. The fund secures a Beta (Market Risk) of 0.66, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nuveen Santa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Santa is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
Nuveen Santa Barbara has good predictability. Overlapping area represents the amount of predictability between Nuveen Santa 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 Santa Barbara price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Nuveen Santa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 5.06 |
Nuveen Santa Barbara lagged returns against current returns
Autocorrelation, which is Nuveen Santa 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 Santa's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Santa returns to help us make a trade decision. For example, suppose you find that Nuveen Santa 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 Santa 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 Santa mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Santa 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 Santa mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Santa Lagged Returns
When evaluating Nuveen Santa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Santa mutual fund have on its future price. Nuveen Santa 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 Santa autocorrelation shows the relationship between Nuveen Santa mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Santa Barbara.
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 Santa 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 Santa security.
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