Nuveen Core Plus Etf Performance
| NCPB Etf | 24.63 0.09 0.36% |
The etf secures a Beta (Market Risk) of 0.0821, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Core is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Nuveen Core Plus has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Nuveen Core is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | Nuveen Bolsters Active ETF Lineup | 03/06/2024 |
Nuveen |
Nuveen Core Relative Risk vs. Return Landscape
If you would invest 2,491 in Nuveen Core Plus on March 1, 2024 and sell it today you would lose (28.00) from holding Nuveen Core Plus or give up 1.12% of portfolio value over 90 days. Nuveen Core Plus is currently does not generate positive expected returns and assumes 0.3148% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% of etfs are less volatile than Nuveen, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Nuveen Core Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Core's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Nuveen Core Plus, and traders can use it to determine the average amount a Nuveen Core's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0583
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| Negative Returns | NCPB |
Estimated Market Risk
| 0.31 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nuveen Core is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nuveen Core by adding Nuveen Core to a well-diversified portfolio.
About Nuveen Core Performance
To evaluate Nuveen Core Plus Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Nuveen Core generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Nuveen Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Nuveen Core Plus market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Nuveen's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Nuveen Core is entity of United States. It is traded as Etf on NASDAQ exchange.| Nuveen Core Plus generated a negative expected return over the last 90 days |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Core Plus. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of Nuveen Core Plus 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 Core's value that differs from its market value or its book value, called intrinsic value, which is Nuveen Core'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 Core's market value can be influenced by many factors that don't directly affect Nuveen Core'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 Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Core'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.