Nuveen Dynamic Municipal Stock Market Value
| NDMO Stock | USD 10.58 0.02 0.19% |
| Symbol | Nuveen |
Is Stock space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nuveen Dynamic. If investors know Nuveen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nuveen Dynamic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nuveen Dynamic Municipal 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 Dynamic's value that differs from its market value or its book value, called intrinsic value, which is Nuveen Dynamic'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 Dynamic's market value can be influenced by many factors that don't directly affect Nuveen Dynamic'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 Dynamic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Dynamic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Dynamic'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 Dynamic '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 Dynamic's stock 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 Dynamic.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Nuveen Dynamic on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Dynamic Municipal or generate 0.0% return on investment in Nuveen Dynamic over 90 days. Nuveen Dynamic is related to or competes with Blackrock Muni, Blackrock Muniyield, DWS Municipal, Blackrock Muniyield, Rivernorth Opportunistic, MFS Investment, and RiverNorth Managed. More
Nuveen Dynamic 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 Dynamic's stock 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 Dynamic Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.32 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 0.8515 |
Nuveen Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Dynamic's standard deviation. In reality, there are many statistical measures that can use Nuveen Dynamic historical prices to predict the future Nuveen Dynamic's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.08) |
Nuveen Dynamic Municipal Backtested Returns
Nuveen Dynamic Municipal has Sharpe Ratio of -0.0067, which conveys that the firm had a -0.0067% return per unit of risk over the last 3 months. Nuveen Dynamic exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Dynamic's Risk Adjusted Performance of (0.01), mean deviation of 0.4389, and Standard Deviation of 0.6095 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Dynamic is expected to be smaller as well. At this point, Nuveen Dynamic Municipal has a negative expected return of -0.0041%. Please make sure to verify Nuveen Dynamic's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Nuveen Dynamic Municipal performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Nuveen Dynamic Municipal has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nuveen Dynamic time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Dynamic Municipal price movement. The serial correlation of -0.8 indicates that around 80.0% of current Nuveen Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Nuveen Dynamic Municipal lagged returns against current returns
Autocorrelation, which is Nuveen Dynamic stock'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 Dynamic's stock expected returns. We can calculate the autocorrelation of Nuveen Dynamic returns to help us make a trade decision. For example, suppose you find that Nuveen Dynamic has exhibited high autocorrelation historically, and you observe that the stock 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 Dynamic 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 Dynamic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Dynamic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Dynamic stock over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Dynamic Lagged Returns
When evaluating Nuveen Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Dynamic stock have on its future price. Nuveen Dynamic 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 Dynamic autocorrelation shows the relationship between Nuveen Dynamic stock current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Dynamic Municipal.
Regressed Prices |
| Timeline |
Pair Trading with Nuveen Dynamic
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 Dynamic 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 Dynamic will appreciate offsetting losses from the drop in the long position's value.Moving together with Nuveen Stock
Moving against Nuveen Stock
| 0.66 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.58 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.46 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.46 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.4 | WMT | Walmart Aggressive Push | PairCorr |
The ability to find closely correlated positions to Nuveen Dynamic 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 Dynamic 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 Dynamic - 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 Dynamic Municipal to buy it.
The correlation of Nuveen Dynamic 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 Dynamic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Dynamic Municipal 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 Dynamic 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 Nuveen Dynamic Correlation, Nuveen Dynamic Volatility and Nuveen Dynamic Alpha and Beta module to complement your research on Nuveen Dynamic. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Nuveen Dynamic technical stock 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, stock market cycles, or different charting patterns.