Nuveen Growth Opportunities Etf Market Value
| NUGO Etf | USD 33.98 0.30 0.88% |
| Symbol | Nuveen |
The market value of Nuveen Growth Opport 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 Growth's value that differs from its market value or its book value, called intrinsic value, which is Nuveen Growth'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 Growth's market value can be influenced by many factors that don't directly affect Nuveen Growth'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 Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Growth'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 Growth '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 Growth'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 Growth.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nuveen Growth on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Growth Opportunities or generate 0.0% return on investment in Nuveen Growth over 30 days. Nuveen Growth is related to or competes with Invesco ESG, Nuveen Winslow, Sterling Capital, First Trust, and ProShares Nasdaq. Under normal market conditions, the fund seeks to achieve its investment objective by investing primarily in exchange-tr... More
Nuveen Growth 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 Growth'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 Growth Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 5.85 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.05 |
Nuveen Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Growth's standard deviation. In reality, there are many statistical measures that can use Nuveen Growth historical prices to predict the future Nuveen Growth's volatility.| Risk Adjusted Performance | 0.0805 | |||
| Jensen Alpha | 0.124 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.001) | |||
| Treynor Ratio | (1.29) |
Nuveen Growth Opport Backtested Returns
As of now, Nuveen Etf is very steady. Nuveen Growth Opport has Sharpe Ratio of 0.0877, which conveys that the entity had a 0.0877% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen Growth, which you can use to evaluate the volatility of the etf. Please verify Nuveen Growth's Mean Deviation of 0.835, downside deviation of 1.6, and Risk Adjusted Performance of 0.0805 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The etf secures a Beta (Market Risk) of -0.0885, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Growth are expected to decrease at a much lower rate. During the bear market, Nuveen Growth is likely to outperform the market.
Auto-correlation | 0.53 |
Modest predictability
Nuveen Growth Opportunities has modest predictability. Overlapping area represents the amount of predictability between Nuveen Growth time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Growth Opport price movement. The serial correlation of 0.53 indicates that about 53.0% of current Nuveen Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Nuveen Growth Opport lagged returns against current returns
Autocorrelation, which is Nuveen Growth 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 Growth's etf expected returns. We can calculate the autocorrelation of Nuveen Growth returns to help us make a trade decision. For example, suppose you find that Nuveen Growth 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 Growth 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 Growth etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Growth etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Growth etf over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Growth Lagged Returns
When evaluating Nuveen Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Growth etf have on its future price. Nuveen Growth 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 Growth autocorrelation shows the relationship between Nuveen Growth etf current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Growth Opportunities.
Regressed Prices |
| Timeline |
Pair Trading with Nuveen Growth
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 Growth 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 Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Nuveen Etf
| 0.94 | VUG | Vanguard Growth Index | PairCorr |
| 0.83 | IWF | iShares Russell 1000 | PairCorr |
| 0.85 | IVW | iShares SP 500 | PairCorr |
| 0.85 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.84 | IUSG | iShares Core SP | PairCorr |
The ability to find closely correlated positions to Nuveen Growth 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 Growth 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 Growth - 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 Growth Opportunities to buy it.
The correlation of Nuveen Growth 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 Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Growth Opport 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 Growth 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 Growth Correlation, Nuveen Growth Volatility and Nuveen Growth Alpha and Beta module to complement your research on Nuveen Growth. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Nuveen Growth 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.