Nuveen Pennsylvania Quality Fund Beta
| NQP Fund | USD 11.77 0.01 0.08% |
Nuveen Pennsylvania Quality fundamentals help investors to digest information that contributes to Nuveen Pennsylvania'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 Pennsylvania'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 Pennsylvania fund.
Nuveen |
Nuveen Pennsylvania Quality Fund Beta Analysis
Nuveen Pennsylvania's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Nuveen Pennsylvania Beta | 0.31 |
Most of Nuveen Pennsylvania's fundamental indicators, such as Beta, 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 Pennsylvania Quality is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Nuveen Pennsylvania Quality has a Beta of 0.31. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The beta for all United States funds is notably lower than that of the firm.
Nuveen Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nuveen Pennsylvania's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Nuveen Pennsylvania could also be used in its relative valuation, which is a method of valuing Nuveen Pennsylvania by comparing valuation metrics of similar companies.Nuveen Pennsylvania is currently under evaluation in beta among similar funds.
As returns on the market increase, Nuveen Pennsylvania's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Pennsylvania is expected to be smaller as well.
Nuveen Fundamentals
| Return On Equity | 1.85 | ||||
| Return On Asset | 1.77 | ||||
| Profit Margin | 33.29 % | ||||
| Operating Margin | 82.17 % | ||||
| Current Valuation | 713.32 M | ||||
| Shares Outstanding | 37.38 M | ||||
| Shares Owned By Institutions | 12.89 % | ||||
| Number Of Shares Shorted | 9.52 K | ||||
| Price To Earning | 47.63 X | ||||
| Price To Book | 0.73 X | ||||
| Price To Sales | 13.30 X | ||||
| Revenue | 32.12 M | ||||
| Gross Profit | 32.12 M | ||||
| Net Income | 10.69 M | ||||
| Cash And Equivalents | 5.16 M | ||||
| Cash Per Share | 0.14 X | ||||
| Total Debt | 331.56 M | ||||
| Debt To Equity | 0.58 % | ||||
| Current Ratio | 0.05 X | ||||
| Book Value Per Share | 15.64 X | ||||
| Cash Flow From Operations | 44.05 M | ||||
| Short Ratio | 0.15 X | ||||
| Earnings Per Share | 0.24 X | ||||
| Number Of Employees | 22 | ||||
| Beta | 0.31 | ||||
| Market Capitalization | 460.19 M | ||||
| Total Asset | 358.06 M | ||||
| Retained Earnings | (10.4 M) | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 0.63 % | ||||
| One Year Return | 7.88 % | ||||
| Three Year Return | (2.75) % | ||||
| Five Year Return | 0.42 % | ||||
| Last Dividend Paid | 0.44 |
About Nuveen Pennsylvania Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nuveen Pennsylvania Quality's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nuveen Pennsylvania using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nuveen Pennsylvania Quality 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.
Pair Trading with Nuveen Pennsylvania
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 Pennsylvania 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 Pennsylvania will appreciate offsetting losses from the drop in the long position's value.Moving against Nuveen Fund
| 0.79 | BTO | John Hancock Financial | PairCorr |
| 0.76 | VIGAX | Vanguard Growth Index | PairCorr |
| 0.75 | TTP | Tortoise Pipeline And | PairCorr |
| 0.75 | LTFOX | Lord Abbett Affiliated | PairCorr |
| 0.73 | EMO | Clearbridge Energy Mlp | PairCorr |
The ability to find closely correlated positions to Nuveen Pennsylvania 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 Pennsylvania 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 Pennsylvania - 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 Pennsylvania Quality to buy it.
The correlation of Nuveen Pennsylvania 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 Pennsylvania moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Pennsylvania 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 Pennsylvania 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 Pennsylvania 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 Pennsylvania security.
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