Nuveen Equity Longshort Fund Buy Hold or Sell Recommendation
| NELCX Fund | USD 53.82 0.14 0.26% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Nuveen Equity Longshort is 'Buy'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Nuveen Equity Longshort given historical horizon and risk tolerance towards Nuveen Equity. When Macroaxis issues a 'buy' or 'sell' recommendation for Nuveen Equity Longshort, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Nuveen Equity Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as Nuveen and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Nuveen Equity Longshort. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Nuveen |
Execute Nuveen Equity Buy or Sell Advice
The Nuveen recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Nuveen Equity Longshort. Macroaxis does not own or have any residual interests in Nuveen Equity Longshort or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nuveen Equity's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details |
Nuveen Equity Trading Alerts and Improvement Suggestions
| The fund maintains about 30.73% of its assets in cash |
Nuveen Equity Returns Distribution Density
The distribution of Nuveen Equity's historical returns is an attempt to chart the uncertainty of Nuveen Equity's future price movements. The chart of the probability distribution of Nuveen Equity daily returns describes the distribution of returns around its average expected value. We use Nuveen Equity Longshort price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nuveen Equity returns is essential to provide solid investment advice for Nuveen Equity.
| Mean Return | 0.11 | Value At Risk | -0.9 | Potential Upside | 0.91 | Standard Deviation | 0.58 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Nuveen Equity historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Nuveen Equity Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nuveen Equity or Nuveen sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nuveen Equity's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nuveen fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | 0.59 | |
σ | Overall volatility | 0.58 | |
Ir | Information ratio | -0.03 |
Nuveen Equity Volatility Alert
Nuveen Equity Longshort exhibits relatively low volatility with skewness of -0.24 and kurtosis of 2.23. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nuveen Equity's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Nuveen Equity's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Nuveen Equity Fundamentals Vs Peers
Comparing Nuveen Equity's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Nuveen Equity's direct or indirect competition across all of the common fundamentals between Nuveen Equity and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nuveen Equity or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Nuveen Equity's fundamental indicators could also be used in its relative valuation, which is a method of valuing Nuveen Equity by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Nuveen Equity to competition |
| Fundamentals | Nuveen Equity | Peer Average |
| Price To Earning | 17.73 X | 6.53 X |
| Price To Book | 2.28 X | 0.74 X |
| Price To Sales | 0.98 X | 0.61 X |
| Annual Yield | 0.03 % | 0.29 % |
| Year To Date Return | 21.04 % | 0.39 % |
| One Year Return | 24.23 % | 4.15 % |
| Three Year Return | 8.15 % | 3.60 % |
| Five Year Return | 10.58 % | 3.24 % |
| Ten Year Return | 6.47 % | 1.79 % |
| Net Asset | 103.82 M | 4.11 B |
| Cash Position Weight | 30.73 % | 10.61 % |
| Equity Positions Weight | 69.27 % | 63.90 % |
Nuveen Equity Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Nuveen . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 53.82 | |||
| Day Typical Price | 53.82 | |||
| Price Action Indicator | (0.07) | |||
| Period Momentum Indicator | (0.14) |
About Nuveen Equity Buy or Sell Advice
When is the right time to buy or sell Nuveen Equity Longshort? Buying financial instruments such as Nuveen Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Other Information on Investing in Nuveen Mutual Fund
Nuveen Equity financial ratios help investors to determine whether Nuveen Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nuveen with respect to the benefits of owning Nuveen Equity security.
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| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |