Nuveen Municipal Value Fund Market Value
| NUV Fund | USD 8.79 0.06 0.69% |
| Symbol | Nuveen |
Nuveen Municipal '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 Municipal'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 Municipal.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Nuveen Municipal on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Nuveen Municipal Value or generate 0.0% return on investment in Nuveen Municipal over 660 days. Nuveen Municipal is related to or competes with Nuveen Amt-free, Nuveen Municipal, Nuveen Amt, Nuveen Municipal, Nuveen Dividend, Nuveen Municipal, and Blackrock Muniyield. Nuveen Municipal Value Fund, Inc. is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc More
Nuveen Municipal 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 Municipal'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 Municipal Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4281 | |||
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 2.14 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.7813 |
Nuveen Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Municipal's standard deviation. In reality, there are many statistical measures that can use Nuveen Municipal historical prices to predict the future Nuveen Municipal's volatility.| Risk Adjusted Performance | 0.0155 | |||
| Jensen Alpha | 0.0058 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Municipal'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.
Nuveen Municipal Value Backtested Returns
At this stage we consider Nuveen Fund to be very steady. Nuveen Municipal Value has Sharpe Ratio of 0.0366, which conveys that the entity had a 0.0366% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nuveen Municipal, which you can use to evaluate the volatility of the fund. Please verify Nuveen Municipal's Downside Deviation of 0.4281, risk adjusted performance of 0.0155, and Mean Deviation of 0.3173 to check out if the risk estimate we provide is consistent with the expected return of 0.0151%. The fund secures a Beta (Market Risk) of -0.0236, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Municipal are expected to decrease at a much lower rate. During the bear market, Nuveen Municipal is likely to outperform the market.
Auto-correlation | -0.66 |
Very good reverse predictability
Nuveen Municipal Value has very good reverse predictability. Overlapping area represents the amount of predictability between Nuveen Municipal time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Municipal Value price movement. The serial correlation of -0.66 indicates that around 66.0% of current Nuveen Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Nuveen Municipal Value lagged returns against current returns
Autocorrelation, which is Nuveen Municipal 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 Municipal's fund expected returns. We can calculate the autocorrelation of Nuveen Municipal returns to help us make a trade decision. For example, suppose you find that Nuveen Municipal 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 Municipal 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 Municipal fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Municipal fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Municipal fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Municipal Lagged Returns
When evaluating Nuveen Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Municipal fund have on its future price. Nuveen Municipal 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 Municipal autocorrelation shows the relationship between Nuveen Municipal fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Municipal Value.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Nuveen Fund
Nuveen Municipal 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 Municipal security.
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