Nuveen Santa Barbara Fund Market Value
| NUIAX Fund | USD 27.80 0.09 0.32% |
| Symbol | Nuveen |
Nuveen Santa '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 Santa'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 Santa.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Nuveen Santa on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Santa Barbara or generate 0.0% return on investment in Nuveen Santa over 30 days. Nuveen Santa is related to or competes with Nuveen Small, Nuveen Real, Nuveen Real, Nuveen Preferred, Nuveen Preferred, Nuveen Preferred, and Nuveen Preferred. Under normal market conditions, the fund invests at least 80 percent of its net assets in dividend-paying equity securit... More
Nuveen Santa 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 Santa'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 Santa Barbara upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.06 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 0.8922 |
Nuveen Santa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Santa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Santa's standard deviation. In reality, there are many statistical measures that can use Nuveen Santa historical prices to predict the future Nuveen Santa's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Santa'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 Santa Barbara Backtested Returns
We consider Nuveen Santa very steady. Nuveen Santa Barbara has Sharpe Ratio of 0.0058, which conveys that the entity had a 0.0058% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Nuveen Santa, which you can use to evaluate the volatility of the fund. Please verify Nuveen Santa's Standard Deviation of 0.6243, risk adjusted performance of (0), and Mean Deviation of 0.4764 to check out if the risk estimate we provide is consistent with the expected return of 0.0036%. The fund secures a Beta (Market Risk) of 0.83, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nuveen Santa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Santa is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
Nuveen Santa Barbara has good predictability. Overlapping area represents the amount of predictability between Nuveen Santa time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Santa Barbara price movement. The serial correlation of 0.66 indicates that around 66.0% of current Nuveen Santa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Nuveen Santa Barbara lagged returns against current returns
Autocorrelation, which is Nuveen Santa 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 Santa's mutual fund expected returns. We can calculate the autocorrelation of Nuveen Santa returns to help us make a trade decision. For example, suppose you find that Nuveen Santa 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 Santa 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 Santa mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Santa 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 Santa mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Santa Lagged Returns
When evaluating Nuveen Santa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Santa mutual fund have on its future price. Nuveen Santa 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 Santa autocorrelation shows the relationship between Nuveen Santa mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Santa Barbara.
Regressed Prices |
| Timeline |
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Nuveen Santa 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.