Nuveen Dow 30sm Etf Market Value
| DIAX Etf | USD 15.68 0.02 0.13% |
| Symbol | Nuveen |
The market value of Nuveen Dow 30Sm is measured differently than its book value, which is the value of Nuveen that is recorded on the company's balance sheet. Investors also form their own opinion of Nuveen Dow's value that differs from its market value or its book value, called intrinsic value, which is Nuveen Dow's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nuveen Dow's market value can be influenced by many factors that don't directly affect Nuveen Dow's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nuveen Dow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Dow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Dow's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nuveen Dow '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 Dow's etf 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 Dow.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Nuveen Dow on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Dow 30Sm or generate 0.0% return on investment in Nuveen Dow over 30 days. Nuveen Dow is related to or competes with Nuveen SP, Nuveen NASDAQ, Nuveen Real, Blackrock International, Nuveen SP, Eaton Vance, and Eaton Vance. Nuveen Dow 30 Dynamic Overwrite Fund is a closed-ended equity mutual fund launched by Nuveen Investments, Inc More
Nuveen Dow 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 Dow's etf 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 Dow 30Sm upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5103 | |||
| Information Ratio | 0.0167 | |||
| Maximum Drawdown | 2.24 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 1.03 |
Nuveen Dow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Dow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Dow's standard deviation. In reality, there are many statistical measures that can use Nuveen Dow historical prices to predict the future Nuveen Dow's volatility.| Risk Adjusted Performance | 0.1782 | |||
| Jensen Alpha | 0.0598 | |||
| Total Risk Alpha | 0.0378 | |||
| Sortino Ratio | 0.0191 | |||
| Treynor Ratio | 0.2221 |
Nuveen Dow 30Sm Backtested Returns
At this stage we consider Nuveen Etf to be very steady. Nuveen Dow 30Sm has Sharpe Ratio of 0.24, which conveys that the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen Dow, which you can use to evaluate the volatility of the etf. Please verify Nuveen Dow's Downside Deviation of 0.5103, mean deviation of 0.4857, and Risk Adjusted Performance of 0.1782 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. The etf secures a Beta (Market Risk) of 0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nuveen Dow's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Dow is expected to be smaller as well.
Auto-correlation | 0.93 |
Excellent predictability
Nuveen Dow 30Sm has excellent predictability. Overlapping area represents the amount of predictability between Nuveen Dow time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 Dow 30Sm price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Nuveen Dow price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Nuveen Dow 30Sm lagged returns against current returns
Autocorrelation, which is Nuveen Dow etf'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 Dow's etf expected returns. We can calculate the autocorrelation of Nuveen Dow returns to help us make a trade decision. For example, suppose you find that Nuveen Dow has exhibited high autocorrelation historically, and you observe that the etf 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 Dow 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 Dow etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Dow etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Dow etf over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Dow Lagged Returns
When evaluating Nuveen Dow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Dow etf have on its future price. Nuveen Dow 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 Dow autocorrelation shows the relationship between Nuveen Dow etf current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Dow 30Sm.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nuveen Etf
Nuveen Dow financial ratios help investors to determine whether Nuveen Etf 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 Dow security.