Nuveen Minnesota Quality Fund Market Value
| XMNSX Fund | USD 12.79 0.02 0.16% |
| Symbol | Nuveen |
Please note, there is a significant difference between Nuveen Minnesota's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Minnesota is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Minnesota'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 Minnesota '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 Minnesota'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 Minnesota.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Nuveen Minnesota on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Minnesota Quality or generate 0.0% return on investment in Nuveen Minnesota over 30 days. Nuveen Minnesota is related to or competes with Lsv Small, Royce Opportunity, Pace Smallmedium, Fidelity Small, John Hancock, Boston Partners, and Victory Rs. Nuveen Minnesota is entity of United States More
Nuveen Minnesota 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 Minnesota'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 Minnesota Quality upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 2.46 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.4747 |
Nuveen Minnesota Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Minnesota's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Minnesota's standard deviation. In reality, there are many statistical measures that can use Nuveen Minnesota historical prices to predict the future Nuveen Minnesota's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Minnesota'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 Minnesota Quality Backtested Returns
Nuveen Minnesota Quality has Sharpe Ratio of -0.0208, which conveys that the entity had a -0.0208% return per unit of risk over the last 3 months. Nuveen Minnesota exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Minnesota's Standard Deviation of 0.3786, risk adjusted performance of (0.04), and Mean Deviation of 0.2171 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0789, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Minnesota's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Minnesota is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Nuveen Minnesota Quality has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nuveen Minnesota time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th of December 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 Minnesota Quality price movement. The serial correlation of -0.75 indicates that around 75.0% of current Nuveen Minnesota price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Minnesota Quality lagged returns against current returns
Autocorrelation, which is Nuveen Minnesota 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 Minnesota's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Minnesota returns to help us make a trade decision. For example, suppose you find that Nuveen Minnesota 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 Minnesota 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 Minnesota mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Minnesota 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 Minnesota mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Minnesota Lagged Returns
When evaluating Nuveen Minnesota's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Minnesota mutual fund have on its future price. Nuveen Minnesota 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 Minnesota autocorrelation shows the relationship between Nuveen Minnesota mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Minnesota Quality.
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 Minnesota 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 Minnesota security.
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