Nuveen Dividend Advantage Fund Market Value
| NAD Fund | USD 10.97 0.04 0.37% |
| Symbol | Nuveen |
Nuveen Dividend '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 Dividend's 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 Dividend.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Nuveen Dividend on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Dividend Advantage or generate 0.0% return on investment in Nuveen Dividend over 30 days. Nuveen Dividend is related to or competes with Pimco California, Pimco New, and Pimco California. Nuveen Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc More
Nuveen Dividend 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 Dividend's 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 Dividend Advantage upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7307 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 2.94 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 0.7207 |
Nuveen Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Dividend's standard deviation. In reality, there are many statistical measures that can use Nuveen Dividend historical prices to predict the future Nuveen Dividend's volatility.| Risk Adjusted Performance | 0.0023 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Dividend'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 Dividend Advantage Backtested Returns
We consider Nuveen Dividend very steady. Nuveen Dividend Advantage has Sharpe Ratio of 0.0131, which conveys that the entity had a 0.0131% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nuveen Dividend, which you can use to evaluate the volatility of the fund. Please verify Nuveen Dividend's Risk Adjusted Performance of 0.0023, mean deviation of 0.4167, and Downside Deviation of 0.7307 to check out if the risk estimate we provide is consistent with the expected return of 0.0075%. The fund secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nuveen Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Dividend is expected to be smaller as well.
Auto-correlation | 0.49 |
Average predictability
Nuveen Dividend Advantage has average predictability. Overlapping area represents the amount of predictability between Nuveen Dividend time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 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 Dividend Advantage price movement. The serial correlation of 0.49 indicates that about 49.0% of current Nuveen Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Dividend Advantage lagged returns against current returns
Autocorrelation, which is Nuveen Dividend 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 Dividend's fund expected returns. We can calculate the autocorrelation of Nuveen Dividend returns to help us make a trade decision. For example, suppose you find that Nuveen Dividend has exhibited high autocorrelation historically, and you observe that the 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 Dividend 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 Dividend fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Dividend fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Dividend fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Dividend Lagged Returns
When evaluating Nuveen Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Dividend fund have on its future price. Nuveen Dividend 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 Dividend autocorrelation shows the relationship between Nuveen Dividend fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Dividend Advantage.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Nuveen Dividend Correlation, Nuveen Dividend Volatility and Nuveen Dividend Alpha and Beta module to complement your research on Nuveen Dividend. Note that the Nuveen Dividend Advantage information on this page should be used as a complementary analysis to other Nuveen Dividend'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Nuveen Dividend technical 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.