Nuveen Small Cap Fund Market Value
| EMGRX Fund | USD 9.56 0.09 0.95% |
| Symbol | Nuveen |
Nuveen Small '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 Small'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 Small.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Nuveen Small on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Small Cap or generate 0.0% return on investment in Nuveen Small over 30 days. Nuveen Small is related to or competes with Lsv Value, Vaughan Nelson, and Wells Fargo. 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 Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | 0.0073 | |||
| Maximum Drawdown | 5.17 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.86 |
Nuveen Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Small's standard deviation. In reality, there are many statistical measures that can use Nuveen Small historical prices to predict the future Nuveen Small's volatility.| Risk Adjusted Performance | 0.0551 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0068 | |||
| Treynor Ratio | 0.0522 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Small'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 Small Cap Backtested Returns
We consider Nuveen Small not too volatile. Nuveen Small Cap has Sharpe Ratio of 0.057, which conveys that the entity had a 0.057% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nuveen Small, which you can use to evaluate the volatility of the fund. Please verify Nuveen Small's Mean Deviation of 0.8919, downside deviation of 1.22, and Risk Adjusted Performance of 0.0551 to check out if the risk estimate we provide is consistent with the expected return of 0.0648%. The fund secures a Beta (Market Risk) of 1.6, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nuveen Small will likely underperform.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Nuveen Small Cap has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nuveen Small time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 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 Small Cap price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Nuveen Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Nuveen Small Cap lagged returns against current returns
Autocorrelation, which is Nuveen Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Small returns to help us make a trade decision. For example, suppose you find that Nuveen Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Small Lagged Returns
When evaluating Nuveen Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Small mutual fund have on its future price. Nuveen Small 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 Small autocorrelation shows the relationship between Nuveen Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Small Cap.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nuveen Small in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nuveen Small's short interest history, or implied volatility extrapolated from Nuveen Small options trading.
Pair Trading with Nuveen Small
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nuveen Small position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nuveen Small will appreciate offsetting losses from the drop in the long position's value.Moving together with Nuveen Mutual Fund
| 0.88 | NPSAX | Nuveen Preferred Sec | PairCorr |
| 0.88 | NPSFX | Nuveen Preferred Sec | PairCorr |
The ability to find closely correlated positions to Nuveen Small could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nuveen Small when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nuveen Small - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nuveen Small Cap to buy it.
The correlation of Nuveen Small is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nuveen Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Small Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nuveen Small can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Nuveen Small Correlation, Nuveen Small Volatility and Nuveen Small Alpha and Beta module to complement your research on Nuveen Small. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Nuveen Small technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.