Nuveen Sp 500 Etf Market Value
| SPXX Etf | USD 17.64 0.15 0.86% |
| Symbol | Nuveen |
The market value of Nuveen SP 500 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 SP's value that differs from its market value or its book value, called intrinsic value, which is Nuveen SP'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 SP's market value can be influenced by many factors that don't directly affect Nuveen SP'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 SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen SP'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 SP '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 SP'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 SP.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Nuveen SP on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen SP 500 or generate 0.0% return on investment in Nuveen SP over 30 days. Nuveen SP is related to or competes with Nuveen SP, Voya Global, Nuveen NASDAQ, Nuveen Real, Nuveen Dow, Blackrock International, and Eaton Vance. Nuveen SP 500 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc More
Nuveen SP 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 SP'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 SP 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6554 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.93 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 1.02 |
Nuveen SP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen SP's standard deviation. In reality, there are many statistical measures that can use Nuveen SP historical prices to predict the future Nuveen SP's volatility.| Risk Adjusted Performance | 0.1156 | |||
| Jensen Alpha | 0.0193 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1493 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen SP'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 SP 500 Backtested Returns
At this stage we consider Nuveen Etf to be very steady. Nuveen SP 500 has Sharpe Ratio of 0.28, which conveys that the entity had a 0.28% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nuveen SP, which you can use to evaluate the volatility of the etf. Please verify Nuveen SP's Mean Deviation of 0.4529, risk adjusted performance of 0.1156, and Downside Deviation of 0.6554 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. The etf secures a Beta (Market Risk) of 0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nuveen SP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen SP is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Nuveen SP 500 has very good predictability. Overlapping area represents the amount of predictability between Nuveen SP time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 SP 500 price movement. The serial correlation of 0.81 indicates that around 81.0% of current Nuveen SP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nuveen SP 500 lagged returns against current returns
Autocorrelation, which is Nuveen SP 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 SP's etf expected returns. We can calculate the autocorrelation of Nuveen SP returns to help us make a trade decision. For example, suppose you find that Nuveen SP 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 SP 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 SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen SP etf over time.
Current vs Lagged Prices |
| Timeline |
Nuveen SP Lagged Returns
When evaluating Nuveen SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen SP etf have on its future price. Nuveen SP 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 SP autocorrelation shows the relationship between Nuveen SP etf current value and its past values and can show if there is a momentum factor associated with investing in Nuveen SP 500.
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.Other Information on Investing in Nuveen Etf
Nuveen SP financial ratios help investors to determine whether Nuveen Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nuveen with respect to the benefits of owning Nuveen SP security.