Nuveen Esg High Etf Market Value
| NUHY Etf | USD 21.51 0.02 0.09% |
| Symbol | Nuveen |
The market value of Nuveen ESG High 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.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Nuveen ESG on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen ESG High or generate 0.0% return on investment in Nuveen ESG over 30 days. Nuveen ESG is related to or competes with Nuveen ESG, PGIM Active, Xtrackers High, Goldman Sachs, and Xtrackers Short. The index utilizes certain environmental, social, and governance criteria to select from the securities included in the ... 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 High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2222 | |||
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 0.9393 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.2838 |
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 | 0.0706 | |||
| Jensen Alpha | 0.0028 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.44) | |||
| Treynor Ratio | 0.138 |
Nuveen ESG High Backtested Returns
At this stage we consider Nuveen Etf to be very steady. Nuveen ESG High has Sharpe Ratio of 0.13, which conveys that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nuveen ESG, which you can use to evaluate the volatility of the etf. Please verify Nuveen ESG's Downside Deviation of 0.2222, mean deviation of 0.1539, and Risk Adjusted Performance of 0.0706 to check out if the risk estimate we provide is consistent with the expected return of 0.0255%. The etf secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. 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 | -0.34 |
Poor reverse predictability
Nuveen ESG High has poor reverse predictability. Overlapping area represents the amount of predictability between Nuveen ESG time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 ESG High price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Nuveen ESG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen ESG High 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 High.
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 ESG High offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nuveen ESG'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 Esg High Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Nuveen Esg High Etf: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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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.