Nuveen Municipal Credit Fund Fundamentals
| NMCO Fund | USD 11.10 0.09 0.82% |
Nuveen Municipal Credit fundamentals help investors to digest information that contributes to Nuveen Municipal's financial success or failures. It also enables traders to predict the movement of Nuveen Fund. The fundamental analysis module provides a way to measure Nuveen Municipal'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 Nuveen Municipal fund.
Nuveen |
Nuveen Municipal Credit Fund Price To Earning Analysis
Nuveen Municipal's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Nuveen Municipal Price To Earning | 3.26 X |
Most of Nuveen Municipal's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nuveen Municipal Credit is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Nuveen Municipal Credit has a Price To Earning of 3.26 times. This is much higher than that of the family and significantly higher than that of the High Yield Muni category. The price to earning for all United States funds is notably lower than that of the firm.
Nuveen Municipal Credit Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nuveen Municipal's current stock value. Our valuation model uses many indicators to compare Nuveen Municipal value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nuveen Municipal competition to find correlations between indicators driving Nuveen Municipal's intrinsic value. More Info.Nuveen Municipal Credit is number one fund in price to earning among similar funds. It also is number one fund in price to book among similar funds fabricating about 0.25 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Nuveen Municipal Credit is roughly 3.93 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nuveen Municipal's earnings, one of the primary drivers of an investment's value.Nuveen Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nuveen Municipal's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Nuveen Municipal could also be used in its relative valuation, which is a method of valuing Nuveen Municipal by comparing valuation metrics of similar companies.Nuveen Municipal is currently under evaluation in price to earning among similar funds.
Nuveen Fundamentals
| Return On Equity | -7.28 | ||||
| Return On Asset | 2.36 | ||||
| Profit Margin | (92.17) % | ||||
| Operating Margin | 78.66 % | ||||
| Current Valuation | 1.02 B | ||||
| Shares Outstanding | 53.32 M | ||||
| Shares Owned By Institutions | 14.41 % | ||||
| Number Of Shares Shorted | 26.22 K | ||||
| Price To Earning | 3.26 X | ||||
| Price To Book | 0.83 X | ||||
| Price To Sales | 9.88 X | ||||
| Revenue | 59.47 M | ||||
| Gross Profit | 61.21 M | ||||
| Net Income | (54.81 M) | ||||
| Cash And Equivalents | 4.77 M | ||||
| Cash Per Share | 0.09 X | ||||
| Total Debt | 474.86 M | ||||
| Debt To Equity | 0.67 % | ||||
| Current Ratio | 1.68 X | ||||
| Book Value Per Share | 13.23 X | ||||
| Cash Flow From Operations | 31.29 M | ||||
| Short Ratio | 0.12 X | ||||
| Earnings Per Share | 3.38 X | ||||
| Beta | 0.6 | ||||
| Market Capitalization | 587.55 M | ||||
| Annual Yield | 0 % | ||||
| Year To Date Return | 9.69 % | ||||
| One Year Return | 16.67 % | ||||
| Three Year Return | (3.72) % | ||||
| Five Year Return | 0.64 % | ||||
| Last Dividend Paid | 0.69 |
About Nuveen Municipal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nuveen Municipal Credit's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nuveen Municipal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nuveen Municipal Credit based on its fundamental data. In general, a quantitative approach, as applied to this fund, 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.Nuveen Municipal is entity of United States. It is traded as Fund on NYSE exchange.
Pair Trading with Nuveen Municipal
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 Municipal 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 Municipal will appreciate offsetting losses from the drop in the long position's value.Moving together with Nuveen Fund
Moving against Nuveen Fund
The ability to find closely correlated positions to Nuveen Municipal 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 Municipal 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 Municipal - 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 Municipal Credit to buy it.
The correlation of Nuveen Municipal 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 Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Municipal Credit 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 Municipal 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.Other Information on Investing in Nuveen Fund
Nuveen Municipal financial ratios help investors to determine whether Nuveen Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nuveen with respect to the benefits of owning Nuveen Municipal security.
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