Nuveen Nasdaq 100 Etf Buy Hold or Sell Recommendation
| QQQX Etf | USD 22.86 0.06 0.26% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Nuveen NASDAQ 100 is 'Hold'. Macroaxis provides Nuveen NASDAQ buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding QQQX positions. The advice algorithm takes into account all of Nuveen NASDAQ's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Nuveen NASDAQ's buy or sell advice are summarized below:
Real Value 22.97 | Hype Value 22.86 | Market Value 22.86 | Naive Value 22.42 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Nuveen NASDAQ 100 given historical horizon and risk tolerance towards Nuveen NASDAQ. When Macroaxis issues a 'buy' or 'sell' recommendation for Nuveen NASDAQ 100, the advice is generated through an automated system that utilizes algorithms and statistical models.
Nuveen |
Execute Nuveen NASDAQ Buy or Sell Advice
The Nuveen recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Nuveen NASDAQ 100. Macroaxis does not own or have any residual interests in Nuveen NASDAQ 100 or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nuveen NASDAQ's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details |
Nuveen NASDAQ Returns Distribution Density
The distribution of Nuveen NASDAQ's historical returns is an attempt to chart the uncertainty of Nuveen NASDAQ's future price movements. The chart of the probability distribution of Nuveen NASDAQ daily returns describes the distribution of returns around its average expected value. We use Nuveen NASDAQ 100 price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nuveen NASDAQ returns is essential to provide solid investment advice for Nuveen NASDAQ.
| Mean Return | 0.01 | Value At Risk | -1.54 | Potential Upside | 1.24 | Standard Deviation | 0.85 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Nuveen NASDAQ historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Nuveen NASDAQ Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nuveen NASDAQ or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nuveen NASDAQ's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nuveen etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.08 | |
β | Beta against NYSE Composite | 1.01 | |
σ | Overall volatility | 0.88 | |
Ir | Information ratio | -0.1 |
Nuveen NASDAQ Volatility Alert
Nuveen NASDAQ 100 has relatively low volatility with skewness of -0.35 and kurtosis of -0.06. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nuveen NASDAQ's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Nuveen NASDAQ's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Nuveen NASDAQ Fundamentals Vs Peers
Comparing Nuveen NASDAQ's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Nuveen NASDAQ's direct or indirect competition across all of the common fundamentals between Nuveen NASDAQ and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nuveen NASDAQ or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Nuveen NASDAQ's fundamental indicators could also be used in its relative valuation, which is a method of valuing Nuveen NASDAQ by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Nuveen NASDAQ to competition |
| Fundamentals | Nuveen NASDAQ | Peer Average |
| Price To Earning | 4.69 X | 3.15 X |
| Beta | 1.07 | |
| Annual Yield | 0.02 % | 0.28 % |
| Year To Date Return | 2.73 % | (2.35) % |
| One Year Return | 18.08 % | (0.97) % |
| Three Year Return | 3.64 % | 3.23 % |
| Five Year Return | 9.37 % | 1.12 % |
| Last Dividend Paid | 1.97 | 0.14 |
Note: Insider Trading [view details]
Nuveen NASDAQ Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Nuveen . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 3058.99 | |||
| Daily Balance Of Power | (0.18) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 22.98 | |||
| Day Typical Price | 22.94 | |||
| Price Action Indicator | (0.15) | |||
| Period Momentum Indicator | (0.06) | |||
| Relative Strength Index | 64.51 |
About Nuveen NASDAQ Buy or Sell Advice
When is the right time to buy or sell Nuveen NASDAQ 100? Buying financial instruments such as Nuveen Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out Nuveen NASDAQ Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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.