Nuveen Esg Large Cap Etf Market Value
| NULV Etf | USD 42.74 0.34 0.80% |
| Symbol | Nuveen |
The market value of Nuveen ESG Large 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 ESG's value that differs from its market value or its book value, called intrinsic value, which is Nuveen ESG'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 ESG's market value can be influenced by many factors that don't directly affect Nuveen ESG'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 ESG's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen ESG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen ESG'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 ESG '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 ESG'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 ESG.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Nuveen ESG on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Nuveen ESG Large Cap or generate 0.0% return on investment in Nuveen ESG over 720 days. Nuveen ESG is related to or competes with Nuveen ESG, Nuveen ESG, Nuveen ESG, Nuveen ESG, and NuShares ETF. Under normal market conditions, the fund invests at least 80 percent of the sum of its net assets and the amount of any ... More
Nuveen ESG 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 ESG'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 ESG Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6232 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.47 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 0.9993 |
Nuveen ESG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen ESG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen ESG's standard deviation. In reality, there are many statistical measures that can use Nuveen ESG historical prices to predict the future Nuveen ESG's volatility.| Risk Adjusted Performance | 0.1285 | |||
| Jensen Alpha | 0.0071 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1297 |
Nuveen ESG Large Backtested Returns
At this stage we consider Nuveen Etf to be very steady. Nuveen ESG Large has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nuveen ESG, which you can use to evaluate the volatility of the etf. Please verify Nuveen ESG's Risk Adjusted Performance of 0.1285, downside deviation of 0.6232, and Mean Deviation of 0.5326 to check out if the risk estimate we provide is consistent with the expected return of 0.0938%. The etf secures a Beta (Market Risk) of 0.8, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nuveen ESG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen ESG is expected to be smaller as well.
Auto-correlation | -0.32 |
Poor reverse predictability
Nuveen ESG Large Cap has poor reverse predictability. Overlapping area represents the amount of predictability between Nuveen ESG time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 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 Nuveen ESG Large price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Nuveen ESG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 4.55 |
Nuveen ESG Large lagged returns against current returns
Autocorrelation, which is Nuveen ESG 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 ESG's etf expected returns. We can calculate the autocorrelation of Nuveen ESG returns to help us make a trade decision. For example, suppose you find that Nuveen ESG 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 ESG 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 ESG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen ESG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen ESG etf over time.
Current vs Lagged Prices |
| Timeline |
Nuveen ESG Lagged Returns
When evaluating Nuveen ESG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen ESG etf have on its future price. Nuveen ESG 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 ESG autocorrelation shows the relationship between Nuveen ESG etf current value and its past values and can show if there is a momentum factor associated with investing in Nuveen ESG Large Cap.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Nuveen ESG Correlation, Nuveen ESG Volatility and Nuveen ESG Alpha and Beta module to complement your research on Nuveen ESG. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Nuveen ESG 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.