Nuveen Nwq Smallmid Cap Fund Market Value
| NSMCX Fund | USD 25.15 0.37 1.49% |
| 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.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Nuveen Nwq on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Nwq Smallmid Cap or generate 0.0% return on investment in Nuveen Nwq over 90 days. Nuveen Nwq is related to or competes with Lsv Value, Vaughan Nelson, and Wells Fargo. The fund invests at least 80 percent of the sum of its net assets and the amount of any borrowings for investment purpos... 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 Smallmid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.16 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.31 |
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 | 0.0593 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0547 |
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 Smallmid Backtested Returns
We consider Nuveen Nwq very steady. Nuveen Nwq Smallmid has Sharpe Ratio of 0.1, which conveys that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven 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 0.0593, mean deviation of 0.6749, and Downside Deviation of 1.07 to check out if the risk estimate we provide is consistent with the expected return of 0.0939%. The fund secures a Beta (Market Risk) of 1.33, 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 Nwq will likely underperform.
Auto-correlation | -0.67 |
Very good reverse predictability
Nuveen Nwq Smallmid Cap has very good reverse predictability. Overlapping area represents the amount of predictability between Nuveen Nwq time series from 24th of January 2024 to 9th of March 2024 and 9th of March 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 Nwq Smallmid price movement. The serial correlation of -0.67 indicates that around 67.0% of current Nuveen Nwq price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Nuveen Nwq Smallmid 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 Smallmid Cap.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Nuveen Nwq Correlation, Nuveen Nwq Volatility and Nuveen Nwq Alpha and Beta module to complement your research on Nuveen Nwq. Note that the Nuveen Nwq Smallmid information on this page should be used as a complementary analysis to other Nuveen Nwq's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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.