Nuveen Mortgage Opportunity Etf Technical Analysis
| JLS Etf | USD 17.46 0.07 0.40% |
As of the 24th of April, Nuveen Mortgage secures the Downside Deviation of 0.6646, mean deviation of 0.4975, and Risk Adjusted Performance of 0.1075. Nuveen Mortgage Opportunity technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the etf's future prices. Strictly speaking, you can use this information to find out if the etf will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Nuveen Mortgage, which can be compared to its peers in the industry. Please verify Nuveen Mortgage Oppo jensen alpha and downside variance to decide if Nuveen Mortgage Opportunity is priced some-what accurately, providing market reflects its recent price of 17.46 per share.
Nuveen Mortgage Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nuveen, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NuveenNuveen |
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.
Nuveen Mortgage Oppo Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nuveen Mortgage Oppo volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nuveen Mortgage Oppo Trend Analysis
Use this graph to draw trend lines for Nuveen Mortgage Opportunity. You can use it to identify possible trend reversals for Nuveen Mortgage as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nuveen Mortgage price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nuveen Mortgage Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nuveen Mortgage Opportunity applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that Nuveen Mortgage Opportunity will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 16.17, which is the sum of squared deviations for the predicted Nuveen Mortgage price change compared to its average price change.About Nuveen Mortgage Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nuveen Mortgage Opportunity on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nuveen Mortgage Opportunity based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Nuveen Mortgage Oppo price pattern first instead of the macroeconomic environment surrounding Nuveen Mortgage Oppo. By analyzing Nuveen Mortgage's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nuveen Mortgage's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nuveen Mortgage specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nuveen Mortgage April 24, 2024 Technical Indicators
Most technical analysis of Nuveen help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nuveen from various momentum indicators to cycle indicators. When you analyze Nuveen charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1075 | |||
| Market Risk Adjusted Performance | 0.3825 | |||
| Mean Deviation | 0.4975 | |||
| Semi Deviation | 0.4824 | |||
| Downside Deviation | 0.6646 | |||
| Coefficient Of Variation | 579.38 | |||
| Standard Deviation | 0.6146 | |||
| Variance | 0.3777 | |||
| Information Ratio | 0.0175 | |||
| Jensen Alpha | 0.0741 | |||
| Total Risk Alpha | 0.012 | |||
| Sortino Ratio | 0.0162 | |||
| Treynor Ratio | 0.3725 | |||
| Maximum Drawdown | 2.96 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 1.03 | |||
| Downside Variance | 0.4417 | |||
| Semi Variance | 0.2327 | |||
| Expected Short fall | (0.56) | |||
| Skewness | (0.47) | |||
| Kurtosis | 0.2078 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Mortgage Opportunity. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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.