Nuveen New York Stock Market Value
| NXN Stock | USD 11.93 0.06 0.51% |
| Symbol | Nuveen |
Nuveen New York Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nuveen New. If investors know Nuveen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nuveen New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Dividend Share 0.463 | Earnings Share 0.81 | Revenue Per Share 0.526 | Quarterly Revenue Growth 0.115 |
The market value of Nuveen New York 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 New's value that differs from its market value or its book value, called intrinsic value, which is Nuveen New'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 New's market value can be influenced by many factors that don't directly affect Nuveen New'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 New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen New'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 New '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 New's stock 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 New.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Nuveen New on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen New York or generate 0.0% return on investment in Nuveen New over 180 days. Nuveen New is related to or competes with Western Asset, Nuveen Massachusetts, Fiera Capital, European Equity, Nuveen Amt-free, Eaton Vance, and Pimco New. Nuveen New York Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investmen... More
Nuveen New 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 New's stock 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 New York upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4857 | |||
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 2.08 | |||
| Value At Risk | (0.59) | |||
| Potential Upside | 0.7481 |
Nuveen New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen New's standard deviation. In reality, there are many statistical measures that can use Nuveen New historical prices to predict the future Nuveen New's volatility.| Risk Adjusted Performance | 0.0375 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | (1.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen New'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 New York Backtested Returns
As of now, Nuveen Stock is very steady. Nuveen New York has Sharpe Ratio of 0.0574, which conveys that the firm had a 0.0574% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen New, which you can use to evaluate the volatility of the firm. Please verify Nuveen New's Mean Deviation of 0.3308, risk adjusted performance of 0.0375, and Downside Deviation of 0.4857 to check out if the risk estimate we provide is consistent with the expected return of 0.0247%. Nuveen New has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0137, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen New are expected to decrease at a much lower rate. During the bear market, Nuveen New is likely to outperform the market. Nuveen New York right now secures a risk of 0.43%. Please verify Nuveen New York sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Nuveen New York will be following its current price movements.
Auto-correlation | -0.61 |
Very good reverse predictability
Nuveen New York has very good reverse predictability. Overlapping area represents the amount of predictability between Nuveen New time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 New York price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Nuveen New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nuveen New York lagged returns against current returns
Autocorrelation, which is Nuveen New stock'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 New's stock expected returns. We can calculate the autocorrelation of Nuveen New returns to help us make a trade decision. For example, suppose you find that Nuveen New has exhibited high autocorrelation historically, and you observe that the stock 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 New 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 New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen New stock over time.
Current vs Lagged Prices |
| Timeline |
Nuveen New Lagged Returns
When evaluating Nuveen New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen New stock have on its future price. Nuveen New 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 New autocorrelation shows the relationship between Nuveen New stock current value and its past values and can show if there is a momentum factor associated with investing in Nuveen New York.
Regressed Prices |
| Timeline |
Pair Trading with Nuveen New
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 Nuveen New 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 Nuveen New will appreciate offsetting losses from the drop in the long position's value.Moving against Nuveen Stock
| 0.74 | ALLY | Ally Financial Normal Trading | PairCorr |
| 0.56 | L | Loews Corp | PairCorr |
| 0.52 | AX | Axos Financial | PairCorr |
| 0.52 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.38 | DFS | Discover Financial Fiscal Year End 15th of January 2025 | PairCorr |
The ability to find closely correlated positions to Nuveen New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nuveen New 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 Nuveen New - 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 Nuveen New York to buy it.
The correlation of Nuveen New 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 Nuveen New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen New York 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 Nuveen New 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.Check out Nuveen New Correlation, Nuveen New Volatility and Nuveen New Alpha and Beta module to complement your research on Nuveen New. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Nuveen New technical stock 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, stock market cycles, or different charting patterns.