Nuance Centrated Value Fund Market Value
| NCVLX Fund | USD 12.39 0.18 1.47% |
| Symbol | Nuance |
Nuance Centrated '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 Nuance Centrated'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 Nuance Centrated.
| 10/27/2023 |
| 04/24/2024 |
If you would invest 0.00 in Nuance Centrated on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding Nuance Centrated Value or generate 0.0% return on investment in Nuance Centrated over 180 days. Nuance Centrated is related to or competes with Fidelity Low-priced, Vanguard Mid-cap, Jpmorgan Mid, and Jpmorgan Mid. The fund invests primarily in equity securities of companies organized in the United States that the Adviser believes ar... More
Nuance Centrated 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 Nuance Centrated'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 Nuance Centrated Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9199 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.51 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.26 |
Nuance Centrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuance Centrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuance Centrated's standard deviation. In reality, there are many statistical measures that can use Nuance Centrated historical prices to predict the future Nuance Centrated's volatility.| Risk Adjusted Performance | 0.0198 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.013 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuance Centrated'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.
Nuance Centrated Value Backtested Returns
We consider Nuance Centrated very steady. Nuance Centrated Value has Sharpe Ratio of 0.0618, which conveys that the entity had a 0.0618% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nuance Centrated, which you can use to evaluate the volatility of the fund. Please verify Nuance Centrated's Downside Deviation of 0.9199, mean deviation of 0.6518, and Risk Adjusted Performance of 0.0198 to check out if the risk estimate we provide is consistent with the expected return of 0.0485%. The fund secures a Beta (Market Risk) of 1.0, which conveys a somewhat significant risk relative to the market. Nuance Centrated returns are very sensitive to returns on the market. As the market goes up or down, Nuance Centrated is expected to follow.
Auto-correlation | 0.68 |
Good predictability
Nuance Centrated Value has good predictability. Overlapping area represents the amount of predictability between Nuance Centrated time series from 27th of October 2023 to 25th of January 2024 and 25th of January 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 Nuance Centrated Value price movement. The serial correlation of 0.68 indicates that around 68.0% of current Nuance Centrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Nuance Centrated Value lagged returns against current returns
Autocorrelation, which is Nuance Centrated 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 Nuance Centrated's mutual fund expected returns. We can calculate the autocorrelation of Nuance Centrated returns to help us make a trade decision. For example, suppose you find that Nuance Centrated 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 |
Nuance Centrated 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 Nuance Centrated mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuance Centrated mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuance Centrated mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuance Centrated Lagged Returns
When evaluating Nuance Centrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuance Centrated mutual fund have on its future price. Nuance Centrated 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, Nuance Centrated autocorrelation shows the relationship between Nuance Centrated mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuance Centrated Value.
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 Nuance Centrated 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, Nuance Centrated's short interest history, or implied volatility extrapolated from Nuance Centrated options trading.
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Nuance Centrated 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.