Nuveen California Select Stock Statistic Functions Beta
| NXC Stock | USD 13.44 0.02 0.15% |
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The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Nuveen California Select correlated with the market. If Beta is less than 0 Nuveen California generally moves in the opposite direction as compared to the market. If Nuveen California Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nuveen California Select is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nuveen California is generally in the same direction as the market. If Beta > 1 Nuveen California moves generally in the same direction as, but more than the movement of the benchmark.
Nuveen California Technical Analysis Modules
Most technical analysis of Nuveen California 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 other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Nuveen California Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nuveen California Select. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nuveen California Select based on widely used predictive technical indicators. In general, we focus on analyzing Nuveen Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nuveen California's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Nuveen California's intrinsic value. In addition to deriving basic predictive indicators for Nuveen California, we also check how macroeconomic factors affect Nuveen California price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen California'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.
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Nuveen California Select pair trading
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 California 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 California will appreciate offsetting losses from the drop in the long position's value.Nuveen California Pair Trading
Nuveen California Select Pair Trading Analysis
The ability to find closely correlated positions to Nuveen California 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 California 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 California - 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 California Select to buy it.
The correlation of Nuveen California 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 California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen California Select 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 California 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen California Select. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nuveen California. If investors know Nuveen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nuveen California listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nuveen California Select 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 California's value that differs from its market value or its book value, called intrinsic value, which is Nuveen California'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 California's market value can be influenced by many factors that don't directly affect Nuveen California'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 California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen California'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.