Nuveen Nwq Flexible Fund Market Value
| NWQCX Fund | USD 18.28 0.02 0.11% |
| 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.
| 06/29/2023 |
| 04/24/2024 |
If you would invest 0.00 in Nuveen Nwq on June 29, 2023 and sell it all today you would earn a total of 0.00 from holding Nuveen Nwq Flexible or generate 0.0% return on investment in Nuveen Nwq over 300 days. Nuveen Nwq is related to or competes with Merck, Chevron Corp, and MagnaChip Semiconductor. Under normal market conditions, the fund invests at least 80 percent of its net assets in income producing debt, preferr... 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 Flexible upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3221 | |||
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 1.19 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.3286 |
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 | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | (0.12) |
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 Flexible Backtested Returns
Nuveen Nwq Flexible has Sharpe Ratio of -0.0234, which conveys that the entity had a -0.0234% return per unit of risk over the last 3 months. Nuveen Nwq exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Nwq's Downside Deviation of 0.3221, risk adjusted performance of (0.01), and Mean Deviation of 0.187 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0726, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Nwq's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Nwq is expected to be smaller as well.
Auto-correlation | -0.56 |
Good reverse predictability
Nuveen Nwq Flexible has good reverse predictability. Overlapping area represents the amount of predictability between Nuveen Nwq time series from 29th of June 2023 to 26th of November 2023 and 26th of November 2023 to 24th 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 Flexible price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Nuveen Nwq price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Nuveen Nwq Flexible 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 Flexible.
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 Nwq 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 Nwq's short interest history, or implied volatility extrapolated from Nuveen Nwq options trading.
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 Flexible 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.