Nuveen Global High Etf Market Value
| JGH Etf | USD 13.09 0.08 0.61% |
| Symbol | Nuveen |
The market value of Nuveen Global High 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Nuveen Global'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 Global's market value can be influenced by many factors that don't directly affect Nuveen Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Global'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 Global '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 Global'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 Global.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Nuveen Global on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Global High or generate 0.0% return on investment in Nuveen Global over 30 days. Nuveen Global is related to or competes with Advent Claymore, Blackstone Gso, Western Asset, Pioneer Floating, Gabelli Equity, Pioneer Municipal, and Pgim High. Nuveen Global High Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc More
Nuveen Global 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 Global'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 Global High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5082 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.0 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.7918 |
Nuveen Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Global's standard deviation. In reality, there are many statistical measures that can use Nuveen Global historical prices to predict the future Nuveen Global's volatility.| Risk Adjusted Performance | 0.0754 | |||
| Jensen Alpha | 0.0257 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.2345 |
Nuveen Global High Backtested Returns
Nuveen Global is very steady at the moment. Nuveen Global High has Sharpe Ratio of 0.1, which conveys that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen Global, which you can use to evaluate the volatility of the etf. Please verify Nuveen Global's Downside Deviation of 0.5082, mean deviation of 0.371, and Risk Adjusted Performance of 0.0754 to check out if the risk estimate we provide is consistent with the expected return of 0.0523%. The etf secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Global is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
Nuveen Global High has poor predictability. Overlapping area represents the amount of predictability between Nuveen Global time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Global High price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Nuveen Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Global High lagged returns against current returns
Autocorrelation, which is Nuveen Global 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 Global's etf expected returns. We can calculate the autocorrelation of Nuveen Global returns to help us make a trade decision. For example, suppose you find that Nuveen Global 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 |
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Nuveen Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Global etf over time.
Current vs Lagged Prices |
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Nuveen Global Lagged Returns
When evaluating Nuveen Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Global etf have on its future price. Nuveen Global 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 Global autocorrelation shows the relationship between Nuveen Global etf current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Global High.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Nuveen Etf
Nuveen Global 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 Global security.