Nushares Enhanced Yield Etf Market Value
| NUAG Etf | USD 20.91 0.01 0.05% |
| Symbol | NuShares |
The market value of NuShares Enhanced Yield is measured differently than its book value, which is the value of NuShares that is recorded on the company's balance sheet. Investors also form their own opinion of NuShares Enhanced's value that differs from its market value or its book value, called intrinsic value, which is NuShares Enhanced'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 NuShares Enhanced's market value can be influenced by many factors that don't directly affect NuShares Enhanced'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 NuShares Enhanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if NuShares Enhanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NuShares Enhanced'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.
NuShares Enhanced '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 NuShares Enhanced'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 NuShares Enhanced.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in NuShares Enhanced on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding NuShares Enhanced Yield or generate 0.0% return on investment in NuShares Enhanced over 60 days. NuShares Enhanced is related to or competes with Nuveen Enhanced, Nuveen ESG, Virtus Newfleet, IShares IBonds, and RiverFront Dynamic. Under normal market conditions, the fund invests at least 80 percent of its assets, exclusive of collateral held from se... More
NuShares Enhanced 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 NuShares Enhanced'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 NuShares Enhanced Yield upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 1.31 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.4267 |
NuShares Enhanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NuShares Enhanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NuShares Enhanced's standard deviation. In reality, there are many statistical measures that can use NuShares Enhanced historical prices to predict the future NuShares Enhanced's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.5737 |
NuShares Enhanced Yield Backtested Returns
NuShares Enhanced Yield has Sharpe Ratio of -0.0676, which conveys that the entity had a -0.0676% return per unit of standard deviation over the last 3 months. NuShares Enhanced exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NuShares Enhanced's Market Risk Adjusted Performance of 0.5837, mean deviation of 0.2052, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -0.0394, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NuShares Enhanced are expected to decrease at a much lower rate. During the bear market, NuShares Enhanced is likely to outperform the market.
Auto-correlation | 0.28 |
Poor predictability
NuShares Enhanced Yield has poor predictability. Overlapping area represents the amount of predictability between NuShares Enhanced time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 NuShares Enhanced Yield price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current NuShares Enhanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NuShares Enhanced Yield lagged returns against current returns
Autocorrelation, which is NuShares Enhanced 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 NuShares Enhanced's etf expected returns. We can calculate the autocorrelation of NuShares Enhanced returns to help us make a trade decision. For example, suppose you find that NuShares Enhanced 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 |
NuShares Enhanced 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 NuShares Enhanced etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NuShares Enhanced etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NuShares Enhanced etf over time.
Current vs Lagged Prices |
| Timeline |
NuShares Enhanced Lagged Returns
When evaluating NuShares Enhanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NuShares Enhanced etf have on its future price. NuShares Enhanced 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, NuShares Enhanced autocorrelation shows the relationship between NuShares Enhanced etf current value and its past values and can show if there is a momentum factor associated with investing in NuShares Enhanced Yield.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether NuShares Enhanced Yield is a strong investment it is important to analyze NuShares Enhanced's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NuShares Enhanced's future performance. For an informed investment choice regarding NuShares Etf, refer to the following important reports:Check out NuShares Enhanced Correlation, NuShares Enhanced Volatility and NuShares Enhanced Alpha and Beta module to complement your research on NuShares Enhanced. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
NuShares Enhanced technical etf 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, etf market cycles, or different charting patterns.