Nuveen Ultra Short Etf Market Value
| NUSB Etf | 25.27 0.01 0.04% |
| Symbol | Nuveen |
The market value of Nuveen Ultra Short 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is Nuveen Ultra'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 Ultra's market value can be influenced by many factors that don't directly affect Nuveen Ultra'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 Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Ultra'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 Ultra '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 Ultra'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 Ultra.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Nuveen Ultra on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Ultra Short or generate 0.0% return on investment in Nuveen Ultra over 30 days. Nuveen Ultra is related to or competes with First Trust, First Trust, First Trust, First Trust, and First Trust. Nuveen Ultra is entity of United States. It is traded as Etf on NASDAQ exchange. More
Nuveen Ultra 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 Ultra'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 Ultra Short upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (4.08) | |||
| Maximum Drawdown | 0.1199 | |||
| Potential Upside | 0.0798 |
Nuveen Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Ultra's standard deviation. In reality, there are many statistical measures that can use Nuveen Ultra historical prices to predict the future Nuveen Ultra's volatility.| Risk Adjusted Performance | 0.2718 | |||
| Jensen Alpha | 0.0091 | |||
| Total Risk Alpha | 0.005 | |||
| Treynor Ratio | 5.82 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Ultra'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.
Nuveen Ultra Short Backtested Returns
At this point, Nuveen Ultra is very steady. Nuveen Ultra Short has Sharpe Ratio of 0.7, which conveys that the entity had a 0.7% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Nuveen Ultra, which you can use to evaluate the volatility of the etf. Please verify Nuveen Ultra's Standard Deviation of 0.0273, risk adjusted performance of 0.2718, and Mean Deviation of 0.0241 to check out if the risk estimate we provide is consistent with the expected return of 0.0184%. The etf secures a Beta (Market Risk) of 0.0016, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Ultra's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Ultra is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Nuveen Ultra Short has very good predictability. Overlapping area represents the amount of predictability between Nuveen Ultra time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Nuveen Ultra Short price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Nuveen Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen Ultra Short lagged returns against current returns
Autocorrelation, which is Nuveen Ultra 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 Ultra's etf expected returns. We can calculate the autocorrelation of Nuveen Ultra returns to help us make a trade decision. For example, suppose you find that Nuveen Ultra 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 Ultra 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 Ultra etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Ultra etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Ultra etf over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Ultra Lagged Returns
When evaluating Nuveen Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Ultra etf have on its future price. Nuveen Ultra 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 Ultra autocorrelation shows the relationship between Nuveen Ultra etf current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Ultra Short.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Nuveen Ultra Short offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nuveen Ultra's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nuveen Ultra Short Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Nuveen Ultra Short Etf:Check out Nuveen Ultra Correlation, Nuveen Ultra Volatility and Nuveen Ultra Alpha and Beta module to complement your research on Nuveen Ultra. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Nuveen Ultra 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.