Nuveen Amt Free Fund Market Value
| NVG Fund | USD 11.96 0.07 0.58% |
| Symbol | Nuveen |
Nuveen Amt '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 Amt'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 Amt.
| 04/11/2024 |
| 05/11/2024 |
If you would invest 0.00 in Nuveen Amt on April 11, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Amt Free or generate 0.0% return on investment in Nuveen Amt over 30 days. Nuveen Amt is related to or competes with Pimco Dynamic, Guggenheim Strategic, RiverNorthDoubleLine, Oxford Lane, and Eagle Point. Nuveen AMT-Free Municipal Credit Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, ... More
Nuveen Amt 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 Amt'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 Amt Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6571 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 2.42 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.7576 |
Nuveen Amt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Amt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Amt's standard deviation. In reality, there are many statistical measures that can use Nuveen Amt historical prices to predict the future Nuveen Amt's volatility.| Risk Adjusted Performance | 0.0304 | |||
| Jensen Alpha | 0.0092 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.1486 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Amt'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 Amt Free Backtested Returns
We consider Nuveen Amt very steady. Nuveen Amt Free has Sharpe Ratio of 0.0607, which conveys that the entity had a 0.0607% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen Amt, which you can use to evaluate the volatility of the fund. Please verify Nuveen Amt's Risk Adjusted Performance of 0.0304, downside deviation of 0.6571, and Mean Deviation of 0.4327 to check out if the risk estimate we provide is consistent with the expected return of 0.0337%. The fund secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Amt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Amt is expected to be smaller as well.
Auto-correlation | -0.56 |
Good reverse predictability
Nuveen Amt Free has good reverse predictability. Overlapping area represents the amount of predictability between Nuveen Amt time series from 11th of April 2024 to 26th of April 2024 and 26th of April 2024 to 11th 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 Amt Free price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Nuveen Amt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Nuveen Amt Free lagged returns against current returns
Autocorrelation, which is Nuveen Amt 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 Amt's fund expected returns. We can calculate the autocorrelation of Nuveen Amt returns to help us make a trade decision. For example, suppose you find that Nuveen Amt 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 Amt 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 Amt fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Amt fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Amt fund over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Amt Lagged Returns
When evaluating Nuveen Amt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Amt fund have on its future price. Nuveen Amt 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 Amt autocorrelation shows the relationship between Nuveen Amt fund current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Amt Free.
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 Amt 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 Amt's short interest history, or implied volatility extrapolated from Nuveen Amt options trading.
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Nuveen Amt 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.