Nuveen Mortgage's market value is the price at which a share of Nuveen Mortgage stock trades on a public exchange. It measures the collective expectations of Nuveen Mortgage Opportunity investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Nuveen Mortgage Opportunity and determine expected loss or profit from investing in Nuveen Mortgage over a given investment horizon. Check out Nuveen Mortgage Correlation, Nuveen Mortgage Volatility and Nuveen Mortgage Alpha and Beta module to complement your research on Nuveen Mortgage.
The market value of Nuveen Mortgage Oppo 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 Mortgage's value that differs from its market value or its book value, called intrinsic value, which is Nuveen Mortgage'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 Mortgage's market value can be influenced by many factors that don't directly affect Nuveen Mortgage'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 Mortgage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Mortgage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Mortgage'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 Mortgage '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 Mortgage'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 Mortgage.
No Change 0.00
In 1 year 11 months and 21 days
If you would invest 0.00 in Nuveen Mortgage on March 4, 2022 and sell it all today you would earn a total of 0.00 from holding Nuveen Mortgage Opportunity or generate 0.0% return on investment in Nuveen Mortgage over 720 days. Nuveen Mortgage is related to or competes with Global X, JPMorgan Active, Main International, Global X, FT Cboe, Xtrackers California, and GraniteShares 125x. Nuveen Mortgage and Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc More
Nuveen Mortgage 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 Mortgage'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 Mortgage Opportunity upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Mortgage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Mortgage's standard deviation. In reality, there are many statistical measures that can use Nuveen Mortgage historical prices to predict the future Nuveen Mortgage's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Nuveen Mortgage'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. Please use the tools below to analyze the current value of Nuveen Mortgage in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nuveen Mortgage. Your research has to be compared to or analyzed against Nuveen Mortgage's peers to derive any actionable benefits. When done correctly, Nuveen Mortgage's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nuveen Mortgage Oppo.
Nuveen Mortgage Oppo Backtested Returns
We consider Nuveen Mortgage very steady. Nuveen Mortgage Oppo has Sharpe Ratio of 0.0604, which conveys that the entity had 0.0604% return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Nuveen Mortgage, which you can use to evaluate the future volatility of the etf. Please verify Nuveen Mortgage's Mean Deviation of 0.7187, downside deviation of 0.8751, and Risk Adjusted Performance of 0.076 to check out if the risk estimate we provide is consistent with the expected return of 0.0588%. The etf secures a Beta (Market Risk) of 0.0409, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Mortgage returns are expected to increase less than the market. However, during the bear market, the loss on holding Nuveen Mortgage will be expected to be smaller as well.
Very weak reverse predictability
Nuveen Mortgage Opportunity has very weak reverse predictability. Overlapping area represents the amount of predictability between Nuveen Mortgage time series from 4th of March 2022 to 27th of February 2023 and 27th of February 2023 to 22nd of February 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 Mortgage Oppo price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Nuveen Mortgage price fluctuation can be explain by its past prices.
Spearman Rank Test
Nuveen Mortgage Oppo lagged returns against current returns
Autocorrelation, which is Nuveen Mortgage 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 Mortgage's etf expected returns. We can calculate the autocorrelation of Nuveen Mortgage returns to help us make a trade decision. For example, suppose you find that Nuveen Mortgage etf 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 stock movement to match the lagging time series.
Current and Lagged Values
Nuveen Mortgage 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 Mortgage etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Mortgage etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Mortgage etf over time.
Current vs Lagged Prices
Nuveen Mortgage Lagged Returns
When evaluating Nuveen Mortgage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Mortgage etf have on its future price. Nuveen Mortgage 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 Mortgage autocorrelation shows the relationship between Nuveen Mortgage etf current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Mortgage Opportunity.
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Complementary Tools for Nuveen Etf analysis
When running Nuveen Mortgage's price analysis, check to measure Nuveen Mortgage's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nuveen Mortgage is operating at the current time. Most of Nuveen Mortgage's value examination focuses on studying past and present price action to predict the probability of Nuveen Mortgage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nuveen Mortgage's price. Additionally, you may evaluate how the addition of Nuveen Mortgage to your portfolios can decrease your overall portfolio volatility.
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Nuveen Mortgage 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.
A focus of Nuveen Mortgage technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nuveen Mortgage trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
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