Nuveen Nwq Multi Cap Fund Market Value
| NQVRX Fund | USD 49.49 0.03 0.06% |
| Symbol | Nuveen |
Nuveen Nwq '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 Nwq'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 Nwq.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Nuveen Nwq on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Nwq Multi Cap or generate 0.0% return on investment in Nuveen Nwq over 30 days. Nuveen Nwq is related to or competes with Fidelity Low-priced, Vanguard Mid-cap, and Jpmorgan Mid. The fund normally invests at least 80 percent of its net assets in equity securities of companies with large, medium and... More
Nuveen Nwq 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 Nwq'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 Nwq Multi Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8333 | |||
| Information Ratio | (0.0003) | |||
| Maximum Drawdown | 2.7 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.09 |
Nuveen Nwq Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Nwq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Nwq's standard deviation. In reality, there are many statistical measures that can use Nuveen Nwq historical prices to predict the future Nuveen Nwq's volatility.| Risk Adjusted Performance | 0.0925 | |||
| Jensen Alpha | 0.0045 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.0002) | |||
| Treynor Ratio | 0.0901 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Nwq'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 Nwq Multi Backtested Returns
We consider Nuveen Nwq very steady. Nuveen Nwq Multi has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen Nwq, which you can use to evaluate the volatility of the fund. Please verify Nuveen Nwq's Risk Adjusted Performance of 0.0925, downside deviation of 0.8333, and Mean Deviation of 0.4891 to check out if the risk estimate we provide is consistent with the expected return of 0.0878%. The fund secures a Beta (Market Risk) of 0.95, which conveys possible diversification benefits within a given portfolio. Nuveen Nwq returns are very sensitive to returns on the market. As the market goes up or down, Nuveen Nwq is expected to follow.
Auto-correlation | -0.25 |
Weak reverse predictability
Nuveen Nwq Multi Cap has weak reverse predictability. Overlapping area represents the amount of predictability between Nuveen Nwq time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Nwq Multi price movement. The serial correlation of -0.25 indicates that over 25.0% of current Nuveen Nwq price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Nuveen Nwq Multi lagged returns against current returns
Autocorrelation, which is Nuveen Nwq 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 Nwq's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Nwq returns to help us make a trade decision. For example, suppose you find that Nuveen Nwq 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 Nwq 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 Nwq mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Nwq 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 Nwq mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Nwq Lagged Returns
When evaluating Nuveen Nwq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Nwq mutual fund have on its future price. Nuveen Nwq 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 Nwq autocorrelation shows the relationship between Nuveen Nwq mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Nwq Multi Cap.
Regressed Prices |
| Timeline |
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Nuveen Nwq 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.