Nushares Etf Trust Etf Three Year Return
| NUDV Etf | USD 26.77 0.02 0.07% |
Nushares ETF Trust fundamentals help investors to digest information that contributes to Nushares ETF's financial success or failures. It also enables traders to predict the movement of Nushares Etf. The fundamental analysis module provides a way to measure Nushares ETF's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nushares ETF etf.
Nushares |
Nushares ETF Trust ETF Three Year Return Analysis
Nushares ETF's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
| Competition |
Based on the latest financial disclosure, Nushares ETF Trust has a Three Year Return of 0.0%. This indicator is about the same for the Nuveen average (which is currently at 0.0) family and about the same as Large Value (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Nushares Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nushares ETF's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Nushares ETF could also be used in its relative valuation, which is a method of valuing Nushares ETF by comparing valuation metrics of similar companies.Nushares ETF is currently under evaluation in three year return as compared to similar ETFs.
Fund Asset Allocation for Nushares ETF
The fund invests 99.82% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Nushares ETF's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Nushares Fundamentals
| Total Asset | 7.43 M | |||
| One Year Return | 16.70 % | |||
| Net Asset | 7.43 M | |||
| Equity Positions Weight | 99.82 % |
About Nushares ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nushares ETF Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nushares ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nushares ETF Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Nushares ETF
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 Nushares ETF 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 Nushares ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with Nushares Etf
| 0.89 | VTV | Vanguard Value Index | PairCorr |
| 0.96 | VYM | Vanguard High Dividend | PairCorr |
| 0.97 | IWD | iShares Russell 1000 | PairCorr |
| 0.99 | DGRO | iShares Core Dividend | PairCorr |
| 0.98 | IVE | iShares SP 500 | PairCorr |
The ability to find closely correlated positions to Nushares ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nushares ETF 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 Nushares ETF - 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 Nushares ETF Trust to buy it.
The correlation of Nushares ETF 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 Nushares ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nushares ETF Trust 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 Nushares ETF 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.Additional Information and Resources on Investing in Nushares Etf
When determining whether Nushares ETF Trust is a strong investment it is important to analyze Nushares ETF's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nushares ETF's future performance. For an informed investment choice regarding Nushares Etf, refer to the following important reports:Check out Nushares ETF Piotroski F Score and Nushares ETF Altman Z Score analysis. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
The market value of Nushares ETF Trust is measured differently than its book value, which is the value of Nushares that is recorded on the company's balance sheet. Investors also form their own opinion of Nushares ETF's value that differs from its market value or its book value, called intrinsic value, which is Nushares ETF'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 Nushares ETF's market value can be influenced by many factors that don't directly affect Nushares ETF'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 Nushares ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nushares ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nushares ETF'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.