Nuveen Mortgage Opportunity Etf Market Value
| JLS Etf | USD 17.39 0.09 0.52% |
| Symbol | Nuveen |
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.
| 01/29/2023 |
| 04/23/2024 |
If you would invest 0.00 in Nuveen Mortgage on January 29, 2023 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 450 days. Nuveen Mortgage is related to or competes with Western Asset, Pioneer Municipal, Gabelli Equity, Eaton Vance, BlackRock Floating, Apollo Senior, and RiverNorth Specialty. 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.
| Downside Deviation | 0.654 | |||
| Information Ratio | 0.0095 | |||
| Maximum Drawdown | 2.96 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 1.03 |
Nuveen Mortgage Market Risk Indicators
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.| Risk Adjusted Performance | 0.091 | |||
| Jensen Alpha | 0.0634 | |||
| Total Risk Alpha | 0.0056 | |||
| Sortino Ratio | 0.0089 | |||
| Treynor Ratio | 0.3441 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Nuveen Mortgage Oppo Backtested Returns
We consider Nuveen Mortgage very steady. Nuveen Mortgage Oppo has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuveen Mortgage, which you can use to evaluate the volatility of the etf. Please verify Nuveen Mortgage's Risk Adjusted Performance of 0.091, downside deviation of 0.654, and Mean Deviation of 0.4951 to check out if the risk estimate we provide is consistent with the expected return of 0.0742%. The etf secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Mortgage's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Mortgage is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
Nuveen Mortgage Opportunity has average predictability. Overlapping area represents the amount of predictability between Nuveen Mortgage time series from 29th of January 2023 to 11th of September 2023 and 11th of September 2023 to 23rd 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 Mortgage Oppo price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Nuveen Mortgage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.87 |
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 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 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 |
| Timeline |
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.
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 Mortgage 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 Mortgage's short interest history, or implied volatility extrapolated from Nuveen Mortgage options trading.
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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.