Nuveen Symphony Credit Fund Market Value
| NCSRX Fund | USD 17.73 0.07 0.40% |
| Symbol | Nuveen |
Nuveen Symphony '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 Symphony'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 Symphony.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Nuveen Symphony on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Symphony Credit or generate 0.0% return on investment in Nuveen Symphony over 30 days. Nuveen Symphony is related to or competes with Vanguard High, Blackrock, Blackrock, American Funds, American Funds, and American High. Under normal circumstances, the fund invests at least 80 percent of the sum of its net assets and the amount of any borr... More
Nuveen Symphony 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 Symphony'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 Symphony Credit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2617 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 1.15 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.3971 |
Nuveen Symphony Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Symphony's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Symphony's standard deviation. In reality, there are many statistical measures that can use Nuveen Symphony historical prices to predict the future Nuveen Symphony's volatility.| Risk Adjusted Performance | 0.0711 | |||
| Jensen Alpha | 0.0082 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.113 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Symphony'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 Symphony Credit Backtested Returns
We consider Nuveen Symphony very steady. Nuveen Symphony Credit has Sharpe Ratio of 0.17, which conveys that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen Symphony, which you can use to evaluate the volatility of the fund. Please verify Nuveen Symphony's Mean Deviation of 0.1637, downside deviation of 0.2617, and Risk Adjusted Performance of 0.0711 to check out if the risk estimate we provide is consistent with the expected return of 0.0374%. The fund secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Symphony's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Symphony is expected to be smaller as well.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Nuveen Symphony Credit has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nuveen Symphony time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 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 Symphony Credit price movement. The serial correlation of -0.73 indicates that around 73.0% of current Nuveen Symphony price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nuveen Symphony Credit lagged returns against current returns
Autocorrelation, which is Nuveen Symphony 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 Symphony's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Symphony returns to help us make a trade decision. For example, suppose you find that Nuveen Symphony 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 Symphony 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 Symphony mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Symphony 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 Symphony mutual fund over time.
Current vs Lagged Prices |
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Nuveen Symphony Lagged Returns
When evaluating Nuveen Symphony's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Symphony mutual fund have on its future price. Nuveen Symphony 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 Symphony autocorrelation shows the relationship between Nuveen Symphony mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Symphony Credit.
Regressed Prices |
| Timeline |
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Nuveen Symphony 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.