Nuveen Build America Etf Market Value
| NBB Etf | USD 16.47 0.11 0.67% |
| Symbol | Nuveen |
The market value of Nuveen Build America 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 Build's value that differs from its market value or its book value, called intrinsic value, which is Nuveen Build'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 Build's market value can be influenced by many factors that don't directly affect Nuveen Build'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 Build's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Build is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Build'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 Build '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 Build'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 Build.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Nuveen Build on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Build America or generate 0.0% return on investment in Nuveen Build over 30 days. Nuveen Build is related to or competes with Blackrock Taxable, DWS Municipal, Blackrock Muniholdings, Eaton Vance, Guggenheim Taxable, BlackRock Core, and Blackrock Municipal. Nuveen Taxable Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc More
Nuveen Build 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 Build'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 Build America upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7048 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.77 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.22 |
Nuveen Build Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Build's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Build's standard deviation. In reality, there are many statistical measures that can use Nuveen Build historical prices to predict the future Nuveen Build's volatility.| Risk Adjusted Performance | 0.0206 | |||
| Jensen Alpha | 0.0156 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.22) |
Nuveen Build America Backtested Returns
At this point, Nuveen Build is very steady. Nuveen Build America has Sharpe Ratio of 0.0189, which conveys that the entity had a 0.0189% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nuveen Build, which you can use to evaluate the volatility of the etf. Please verify Nuveen Build's Downside Deviation of 0.7048, mean deviation of 0.5746, and Risk Adjusted Performance of 0.0206 to check out if the risk estimate we provide is consistent with the expected return of 0.0142%. The etf secures a Beta (Market Risk) of -0.046, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen Build are expected to decrease at a much lower rate. During the bear market, Nuveen Build is likely to outperform the market.
Auto-correlation | -0.84 |
Excellent reverse predictability
Nuveen Build America has excellent reverse predictability. Overlapping area represents the amount of predictability between Nuveen Build time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Build America price movement. The serial correlation of -0.84 indicates that around 84.0% of current Nuveen Build price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Nuveen Build America lagged returns against current returns
Autocorrelation, which is Nuveen Build 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 Build's etf expected returns. We can calculate the autocorrelation of Nuveen Build returns to help us make a trade decision. For example, suppose you find that Nuveen Build 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 Build 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 Build etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Build etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Build etf over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Build Lagged Returns
When evaluating Nuveen Build's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Build etf have on its future price. Nuveen Build 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 Build autocorrelation shows the relationship between Nuveen Build etf current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Build America.
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 Build 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 Build security.