Nuveen Dow 30 Fund Market Value
| XDIAX Fund | USD 17.73 0.02 0.11% |
| Symbol | Nuveen |
Please note, there is a significant difference between Nuveen Dow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Dow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Dow's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nuveen Dow '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 Dow'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 Dow.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nuveen Dow on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Dow 30 or generate 0.0% return on investment in Nuveen Dow over 30 days. Nuveen Dow is related to or competes with Evaluator Conservative, Delaware Limited-term, Adams Diversified, Massmutual Premier, American Funds, and Calvert Conservative. Nuveen Dow is entity of United States. It is traded as Fund on NMFQS exchange. More
Nuveen Dow 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 Dow'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 Dow 30 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5433 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.91 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 0.9776 |
Nuveen Dow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Dow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Dow's standard deviation. In reality, there are many statistical measures that can use Nuveen Dow historical prices to predict the future Nuveen Dow's volatility.| Risk Adjusted Performance | 0.1083 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1056 |
Nuveen Dow 30 Backtested Returns
At this stage we consider Nuveen Mutual Fund to be very steady. Nuveen Dow 30 has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen Dow, which you can use to evaluate the volatility of the fund. Please verify Nuveen Dow's Downside Deviation of 0.5433, mean deviation of 0.4813, and Risk Adjusted Performance of 0.1083 to check out if the risk estimate we provide is consistent with the expected return of 0.084%. The fund secures a Beta (Market Risk) of 0.81, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nuveen Dow's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Dow is expected to be smaller as well.
Auto-correlation | 0.91 |
Excellent predictability
Nuveen Dow 30 has excellent predictability. Overlapping area represents the amount of predictability between Nuveen Dow time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Dow 30 price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Nuveen Dow price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Nuveen Dow 30 lagged returns against current returns
Autocorrelation, which is Nuveen Dow 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 Dow's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Dow returns to help us make a trade decision. For example, suppose you find that Nuveen Dow 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 Dow 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 Dow mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Dow 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 Dow mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Dow Lagged Returns
When evaluating Nuveen Dow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Dow mutual fund have on its future price. Nuveen Dow 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 Dow autocorrelation shows the relationship between Nuveen Dow mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Dow 30.
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 Dow 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 Dow security.
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