NuShares ETF Beta vs. Three Year Return
| NUDM Etf | USD 31.37 0.04 0.13% |
For NuShares ETF profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NuShares ETF to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NuShares ETF Trust utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NuShares ETF's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NuShares ETF Trust over time as well as its relative position and ranking within its peers.
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 Trust Three Year Return vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NuShares ETF's current stock value. Our valuation model uses many indicators to compare NuShares ETF value to that of its competitors to determine the firm's financial worth. NuShares ETF Trust is rated number one ETF in beta as compared to similar ETFs. It also is rated number one ETF in three year return as compared to similar ETFs reporting about 2.02 of Three Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value NuShares ETF by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.NuShares Three Year Return vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
NuShares ETF |
| = | 1.04 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
NuShares ETF |
| = | 2.10 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
NuShares Three Year Return Comparison
NuShares ETF is currently under evaluation in three year return as compared to similar ETFs.
Beta Analysis
NuShares ETF returns are very sensitive to returns on the market. As the market goes up or down, NuShares ETF is expected to follow.
NuShares ETF Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NuShares ETF, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NuShares ETF will eventually generate negative long term returns. The profitability progress is the general direction of NuShares ETF's change in net profit over the period of time. It can combine multiple indicators of NuShares ETF, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
In seeking to track the investment results of the index, the advisor attempts to replicate the index by investing all, or substantially all, of its assets in the securities represented in the index in approximately the same proportions as the index. Nushares ESG is traded on BATS Exchange in the United States.
NuShares Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NuShares ETF. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of NuShares ETF position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the NuShares ETF's important profitability drivers and their relationship over time.
| Beta vs One Year Return | ||
| Five Year Return vs Three Year Return | ||
| Beta vs Net Asset | ||
| Last Dividend Paid vs Three Year Return | ||
| Beta vs Equity Positions Weight |
Use NuShares ETF in pair-trading
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 NuShares ETF 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 NuShares ETF will appreciate offsetting losses from the drop in the long position's value.NuShares ETF Pair Trading
NuShares ETF Trust Pair Trading Analysis
The ability to find closely correlated positions to NuShares ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NuShares ETF 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 NuShares ETF - 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 NuShares ETF Trust to buy it.
The correlation of NuShares ETF 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 NuShares ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NuShares ETF Trust 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 NuShares ETF 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.Use Investing Themes to Complement your NuShares ETF position
In addition to having NuShares ETF in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Services Thematic Idea Now
Services
Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Services Theme or any other thematic opportunities.
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Check out Correlation Analysis. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
To fully project NuShares ETF's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NuShares ETF Trust at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include NuShares ETF's income statement, its balance sheet, and the statement of cash flows.