Nuveen Nasdaq 100 Etf Market Value
| QQQX Etf | USD 24.20 0.62 2.63% |
| Symbol | Nuveen |
The market value of Nuveen NASDAQ 100 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 NASDAQ's value that differs from its market value or its book value, called intrinsic value, which is Nuveen NASDAQ'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 NASDAQ's market value can be influenced by many factors that don't directly affect Nuveen NASDAQ'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 NASDAQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen NASDAQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen NASDAQ'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 NASDAQ '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 NASDAQ'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 NASDAQ.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Nuveen NASDAQ on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen NASDAQ 100 or generate 0.0% return on investment in Nuveen NASDAQ over 90 days. Nuveen NASDAQ is related to or competes with BlackRock Science, BlackRock Health, BlackRock Health, Cohen Steers, Cohen, Neuberger Berman, and Doubleline Yield. Nuveen Nasdaq 100 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, In... More
Nuveen NASDAQ 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 NASDAQ'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 NASDAQ 100 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 5.24 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 1.71 |
Nuveen NASDAQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen NASDAQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen NASDAQ's standard deviation. In reality, there are many statistical measures that can use Nuveen NASDAQ historical prices to predict the future Nuveen NASDAQ's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.0311 | |||
| Treynor Ratio | (0.15) |
Nuveen NASDAQ 100 Backtested Returns
Nuveen NASDAQ 100 has Sharpe Ratio of -0.11, which conveys that the entity had a -0.11 % return per unit of risk over the last 3 months. Nuveen NASDAQ exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen NASDAQ's Risk Adjusted Performance of (0.08), mean deviation of 0.8927, and Standard Deviation of 1.14 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.75, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nuveen NASDAQ's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen NASDAQ is expected to be smaller as well.
Auto-correlation | -0.48 |
Modest reverse predictability
Nuveen NASDAQ 100 has modest reverse predictability. Overlapping area represents the amount of predictability between Nuveen NASDAQ time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 NASDAQ 100 price movement. The serial correlation of -0.48 indicates that about 48.0% of current Nuveen NASDAQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
Nuveen NASDAQ 100 lagged returns against current returns
Autocorrelation, which is Nuveen NASDAQ 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 NASDAQ's etf expected returns. We can calculate the autocorrelation of Nuveen NASDAQ returns to help us make a trade decision. For example, suppose you find that Nuveen NASDAQ 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 NASDAQ 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 NASDAQ etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen NASDAQ etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen NASDAQ etf over time.
Current vs Lagged Prices |
| Timeline |
Nuveen NASDAQ Lagged Returns
When evaluating Nuveen NASDAQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen NASDAQ etf have on its future price. Nuveen NASDAQ 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 NASDAQ autocorrelation shows the relationship between Nuveen NASDAQ etf current value and its past values and can show if there is a momentum factor associated with investing in Nuveen NASDAQ 100.
Regressed Prices |
| Timeline |
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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 NASDAQ 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 NASDAQ security.