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NAV

Looking to use the NAV for CEFs (Net asset value for closed end funds) e.g. XDNPX for DNP. Maybe the data is accessible but i don't know how. Cheers, Niels
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Hi Robert,

QuantConnect offers many different fundamental analysis metrics, including NetTangibleAssets. Learn more about how fundamental data works in the documentation and in the boot camps, specifically check out the Liquid Value Stocks boot camp, which covers how to access fundamental data.

Best
Rahul

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


Hi Rahul, thanks for the input.

Unfortunately, it's not quite the same thing. For a closed-end fund (similar to an ETF), the NAV is essentially the sum of the values of its underlying holdings, which may differ to the trading price of the CEF due to supply and demand. 

In QuantConnect these funds (for example GDL, USA, JDD) don't have any fundamental data associated with them. In fact many of the existing fundamentals-oriented tutorials explicitly screen out listed funds. This is sensible, because the funds don't really have important fundamentals (income statements etc), except for the NAV (and possibly the expense ratio).

On Yahoo Finance, you can find price data for these funds (and you can do so on QuantConnect also). However, there is a nice trick where if you prepend and append an "X" to the ticker, it gives you the NAV. So if you pull GDL from Yahoo Finance, it gives you the price (at which you can buy or sell shares of the CEF), but if you pull XGDLX, it gives you the timeseries of NAVs (which is not tradable). I believe this is an industry convention that exists beyond Yahoo Finance.

In any case, I've figured out a work-around: I can just pull in custom data directly into my QC algo directly from yfinance.

Cheers,

Robert

 

 

 

 

 

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


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