Nuveen Floating Fund Forecast - Relative Strength Index
| JRODelisted Fund | USD 7.83 0.05 0.64% |
Nuveen Fund Forecast is based on your current time horizon.
Nuveen |
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 56.25 | 56.25 |
| Check Nuveen Floating Volatility | Backtest Nuveen Floating | Information Ratio |
Nuveen Floating Trading Date Momentum
| On November 25 2024 Nuveen Floating Rate was traded for 7.83 at the closing time. Highest Nuveen Floating's price during the trading hours was 7.84 and the lowest price during the day was 7.76 . There was no trading activity during the period 0.0. Lack of trading volume on the 25th of November did not cause price change. The trading delta at closing time to current price is 0.64% . |
Nuveen Floating Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nuveen Floating fund to make a market-neutral strategy. Peer analysis of Nuveen Floating could also be used in its relative valuation, which is a method of valuing Nuveen Floating by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nuveen Floating Market Strength Events
Market strength indicators help investors to evaluate how Nuveen Floating fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nuveen Floating shares will generate the highest return on investment. By undertsting and applying Nuveen Floating fund market strength indicators, traders can identify Nuveen Floating Rate entry and exit signals to maximize returns.
Nuveen Floating Risk Indicators
The analysis of Nuveen Floating's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Nuveen Floating's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nuveen fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.4763 | |||
| Semi Deviation | 0.718 | |||
| Standard Deviation | 0.6427 | |||
| Variance | 0.4131 | |||
| Downside Variance | 0.7008 | |||
| Semi Variance | 0.5155 | |||
| Expected Short fall | (0.45) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Nuveen Floating
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nuveen Floating position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nuveen Floating will appreciate offsetting losses from the drop in the long position's value.Moving against Nuveen Fund
| 0.73 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.68 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.68 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.64 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.54 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Nuveen Floating could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nuveen Floating when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nuveen Floating - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nuveen Floating Rate to buy it.
The correlation of Nuveen Floating is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nuveen Floating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Floating Rate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nuveen Floating can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Other Consideration for investing in Nuveen Fund
If you are still planning to invest in Nuveen Floating Rate check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nuveen Floating's history and understand the potential risks before investing.
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