Nuveen Sp 500 Etf Market Value
BXMX Etf | USD 12.66 0.14 1.09% |
Symbol | Nuveen |
The market value of Nuveen SP 500 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 SP's value that differs from its market value or its book value, called intrinsic value, which is Nuveen SP'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 SP's market value can be influenced by many factors that don't directly affect Nuveen SP'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 SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen SP'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 SP '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 SP'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 SP.
03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Nuveen SP on March 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen SP 500 or generate 0.0% return on investment in Nuveen SP over 30 days. Nuveen SP is related to or competes with Brandywineglobal, John Hancock, RiverNorth Specialty, Western Asset, Stone Harbor, Aberdeen Global, and Miller/howard High. Nuveen SP 500 Buy-Write Income Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc More
Nuveen SP 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 SP'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 SP 500 upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.6159 | |||
Information Ratio | (0.15) | |||
Maximum Drawdown | 2.71 | |||
Value At Risk | (0.91) | |||
Potential Upside | 0.774 |
Nuveen SP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen SP's standard deviation. In reality, there are many statistical measures that can use Nuveen SP historical prices to predict the future Nuveen SP's volatility.Risk Adjusted Performance | 0.0022 | |||
Jensen Alpha | (0.01) | |||
Total Risk Alpha | (0.08) | |||
Sortino Ratio | (0.14) | |||
Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen SP'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 SP 500 Backtested Returns
Nuveen SP 500 has Sharpe Ratio of -0.0165, which conveys that the entity had a -0.0165% return per unit of risk over the last 3 months. Nuveen SP exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen SP's Mean Deviation of 0.4601, risk adjusted performance of 0.0022, and Downside Deviation of 0.6159 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.0367, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen SP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen SP is expected to be smaller as well.
Auto-correlation | 0.12 |
Insignificant predictability
Nuveen SP 500 has insignificant predictability. Overlapping area represents the amount of predictability between Nuveen SP time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th 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 SP 500 price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Nuveen SP price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.12 | |
Spearman Rank Test | 0.39 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
Nuveen SP 500 lagged returns against current returns
Autocorrelation, which is Nuveen SP 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 SP's etf expected returns. We can calculate the autocorrelation of Nuveen SP returns to help us make a trade decision. For example, suppose you find that Nuveen SP 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 SP 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 SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen SP etf over time.
Current vs Lagged Prices |
Timeline |
Nuveen SP Lagged Returns
When evaluating Nuveen SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen SP etf have on its future price. Nuveen SP 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 SP autocorrelation shows the relationship between Nuveen SP etf current value and its past values and can show if there is a momentum factor associated with investing in Nuveen SP 500.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nuveen SP in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nuveen SP's short interest history, or implied volatility extrapolated from Nuveen SP options trading.
Pair Trading with Nuveen SP
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 SP 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 SP will appreciate offsetting losses from the drop in the long position's value.Moving together with Nuveen Etf
0.85 | INTL | Main International ETF | PairCorr |
Moving against Nuveen Etf
0.7 | FNGD | MicroSectors FANG Index | PairCorr |
0.7 | VXX | iPath Series B | PairCorr |
The ability to find closely correlated positions to Nuveen SP 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 SP 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 SP - 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 SP 500 to buy it.
The correlation of Nuveen SP 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 SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen SP 500 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 SP 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 SP Correlation, Nuveen SP Volatility and Nuveen SP Alpha and Beta module to complement your research on Nuveen SP. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Nuveen SP 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.