Nuveen Municipal Credit Fund Market Value
| XNMCX Fund | USD 12.02 0.04 0.33% |
| Symbol | Nuveen |
Please note, there is a significant difference between Nuveen Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Municipal'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 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 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 Municipal.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Nuveen Municipal on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Municipal Credit or generate 0.0% return on investment in Nuveen Municipal over 30 days. Nuveen Municipal is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Nuveen Municipal is entity of United States 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 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 Municipal Credit upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 2.64 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.6061 |
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 | (0.04) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.1458 |
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 Credit Backtested Returns
Nuveen Municipal Credit has Sharpe Ratio of -0.0758, which conveys that the entity had a -0.0758% return per unit of risk over the last 3 months. Nuveen Municipal exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Municipal's Mean Deviation of 0.3232, risk adjusted performance of (0.04), and Standard Deviation of 0.4783 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.2, 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 | 0.68 |
Good predictability
Nuveen Municipal Credit has good predictability. Overlapping area represents the amount of predictability between Nuveen Municipal time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Municipal Credit price movement. The serial correlation of 0.68 indicates that around 68.0% of current Nuveen Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Municipal Credit lagged returns against current returns
Autocorrelation, which is Nuveen Municipal 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 Municipal's mutual 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 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Municipal 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 Municipal mutual 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 mutual 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 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Municipal Credit.
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 Municipal 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 Municipal security.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |