Nuveen Short Duration High Fund Market Value
| NVCCX Fund | USD 9.71 0.01 0.10% |
| Symbol | Nuveen |
Nuveen Short-duration '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 Short-duration'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 Short-duration.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Nuveen Short-duration on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Nuveen Short Duration High or generate 0.0% return on investment in Nuveen Short-duration over 720 days. Nuveen Short-duration is related to or competes with Nuveen Small, Nuveen Real, Nuveen Real, Nuveen Preferred, Nuveen Preferred, Nuveen Preferred, and Nuveen Preferred. Under normal market conditions, the fund invests at least 80 percent of the sum of its net assets and the amount of any ... More
Nuveen Short-duration 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 Short-duration'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 Short Duration High upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.62) | |||
| Maximum Drawdown | 1.32 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.4141 |
Nuveen Short-duration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Short-duration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Short-duration's standard deviation. In reality, there are many statistical measures that can use Nuveen Short-duration historical prices to predict the future Nuveen Short-duration's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.8348 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Short-duration'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 Short Duration Backtested Returns
Nuveen Short Duration has Sharpe Ratio of -0.0591, which conveys that the entity had a -0.0591% return per unit of risk over the last 3 months. Nuveen Short-duration exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Short-duration's Risk Adjusted Performance of (0.07), standard deviation of 0.2345, and Mean Deviation of 0.1471 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0284, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Short-duration are expected to decrease at a much lower rate. During the bear market, Nuveen Short-duration is likely to outperform the market.
Auto-correlation | -0.34 |
Poor reverse predictability
Nuveen Short Duration High has poor reverse predictability. Overlapping area represents the amount of predictability between Nuveen Short-duration time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Short Duration price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Nuveen Short-duration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Nuveen Short Duration lagged returns against current returns
Autocorrelation, which is Nuveen Short-duration 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 Short-duration's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Short-duration returns to help us make a trade decision. For example, suppose you find that Nuveen Short-duration 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 Short-duration 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 Short-duration mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Short-duration 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 Short-duration mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Short-duration Lagged Returns
When evaluating Nuveen Short-duration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Short-duration mutual fund have on its future price. Nuveen Short-duration 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 Short-duration autocorrelation shows the relationship between Nuveen Short-duration mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Short Duration High.
Regressed Prices |
| Timeline |
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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 Short-duration 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 Short-duration security.
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