Nuveen Esg Small Cap Etf Market Value
| NUSC Etf | USD 39.28 0.62 1.60% |
| Symbol | Nuveen |
The market value of Nuveen ESG Small 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.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Nuveen ESG on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen ESG Small Cap or generate 0.0% return on investment in Nuveen ESG over 60 days. Nuveen ESG is related to or competes with OShares Quality, OShares Europe, OShares Global, and ProShares. Under normal market conditions, the fund invests at least 80 percent of the sum of its net assets and the amount of any ... 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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.14 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.69 |
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 | 0.0366 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0303 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen ESG'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 ESG Small Backtested Returns
We consider Nuveen ESG very steady. Nuveen ESG Small has Sharpe Ratio of 0.0398, which conveys that the entity had a 0.0398% 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 Mean Deviation of 0.8844, risk adjusted performance of 0.0366, and Downside Deviation of 1.27 to check out if the risk estimate we provide is consistent with the expected return of 0.0447%. The etf secures a Beta (Market Risk) of 1.59, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nuveen ESG will likely underperform.
Auto-correlation | -0.27 |
Weak reverse predictability
Nuveen ESG Small Cap has weak reverse predictability. Overlapping area represents the amount of predictability between Nuveen ESG time series from 24th of February 2024 to 25th of March 2024 and 25th of March 2024 to 24th of April 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 Small price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Nuveen ESG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
Nuveen ESG Small 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 Small Cap.
Regressed Prices |
| Timeline |
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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.