Nushares Etf Trust Etf Market Value
| NUEM Etf | USD 29.62 0.04 0.13% |
| Symbol | NuShares |
The market value of NuShares ETF Trust 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is NuShares ETF'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 ETF's market value can be influenced by many factors that don't directly affect NuShares ETF'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 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if NuShares ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NuShares ETF'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 ETF '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 ETF'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 ETF.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in NuShares ETF on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding NuShares ETF Trust or generate 0.0% return on investment in NuShares ETF over 30 days. NuShares ETF is related to or competes with Invesco PureBeta, Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, T Rowe, and Jpmorgan Smartretirement*. In seeking to track the investment results of the index, the advisor attempts to replicate the index by investing all, o... More
NuShares ETF 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 ETF'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 ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 6.14 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.45 |
NuShares ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NuShares ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NuShares ETF's standard deviation. In reality, there are many statistical measures that can use NuShares ETF historical prices to predict the future NuShares ETF's volatility.| Risk Adjusted Performance | 0.0275 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0761 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NuShares ETF's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NuShares ETF Trust Backtested Returns
As of now, NuShares Etf is very steady. NuShares ETF Trust has Sharpe Ratio of 0.0161, which conveys that the entity had a 0.0161% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for NuShares ETF, which you can use to evaluate the volatility of the etf. Please verify NuShares ETF's Risk Adjusted Performance of 0.0275, market risk adjusted performance of 0.0861, and Mean Deviation of 0.9374 to check out if the risk estimate we provide is consistent with the expected return of 0.0202%. The etf secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NuShares ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding NuShares ETF is expected to be smaller as well.
Auto-correlation | 0.34 |
Below average predictability
NuShares ETF Trust has below average predictability. Overlapping area represents the amount of predictability between NuShares ETF time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 ETF Trust price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current NuShares ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
NuShares ETF Trust lagged returns against current returns
Autocorrelation, which is NuShares ETF 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 ETF's etf expected returns. We can calculate the autocorrelation of NuShares ETF returns to help us make a trade decision. For example, suppose you find that NuShares ETF 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 ETF 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 ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NuShares ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NuShares ETF etf over time.
Current vs Lagged Prices |
| Timeline |
NuShares ETF Lagged Returns
When evaluating NuShares ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NuShares ETF etf have on its future price. NuShares ETF 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 ETF autocorrelation shows the relationship between NuShares ETF etf current value and its past values and can show if there is a momentum factor associated with investing in NuShares ETF Trust.
Regressed Prices |
| Timeline |
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NuShares ETF 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.