Nuveen New York Stock Beta
| NXN Stock | USD 11.88 0.07 0.59% |
Nuveen New York fundamentals help investors to digest information that contributes to Nuveen New's financial success or failures. It also enables traders to predict the movement of Nuveen Stock. The fundamental analysis module provides a way to measure Nuveen New'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 New stock.
Nuveen | Beta |
Nuveen New York Company Beta Analysis
Nuveen New'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 New Beta | 0.3 |
Most of Nuveen New'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 New York is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Nuveen Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Nuveen New is extremely important. It helps to project a fair market value of Nuveen Stock properly, considering its historical fundamentals such as Beta. Since Nuveen New's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Nuveen New's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Nuveen New's interrelated accounts and indicators.
Click cells to compare fundamentals
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 New York has a Beta of 0.297. This is 63.78% lower than that of the Capital Markets sector and 75.66% lower than that of the Financials industry. The beta for all United States stocks 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 New's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nuveen New could also be used in its relative valuation, which is a method of valuing Nuveen New by comparing valuation metrics of similar companies.Nuveen New is currently under evaluation in beta category among its peers.
As returns on the market increase, Nuveen New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen New is expected to be smaller as well.
Nuveen Fundamentals
| Return On Equity | -0.0753 | ||||
| Return On Asset | 0.0209 | ||||
| Profit Margin | 0.46 % | ||||
| Operating Margin | 0.90 % | ||||
| Current Valuation | 45.67 M | ||||
| Shares Outstanding | 3.92 M | ||||
| Shares Owned By Institutions | 19.09 % | ||||
| Number Of Shares Shorted | 9.53 K | ||||
| Price To Earning | 41.99 X | ||||
| Price To Book | 0.93 X | ||||
| Price To Sales | 22.45 X | ||||
| Revenue | 1.66 M | ||||
| Gross Profit | 1.84 M | ||||
| EBITDA | 2.99 M | ||||
| Net Income | 2.99 M | ||||
| Cash And Equivalents | 788.04 K | ||||
| Cash Per Share | 0.20 X | ||||
| Total Debt | 224.92 K | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 10.81 X | ||||
| Book Value Per Share | 12.48 X | ||||
| Short Ratio | 1.00 X | ||||
| Earnings Per Share | 0.81 X | ||||
| Beta | 0.3 | ||||
| Market Capitalization | 46.35 M | ||||
| Total Asset | 50.28 M | ||||
| Retained Earnings | (3.84 M) | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 3.59 % | ||||
| Net Asset | 50.28 M | ||||
| Last Dividend Paid | 0.46 |
About Nuveen New Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nuveen New York's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nuveen New using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nuveen New York based on its fundamental data. In general, a quantitative approach, as applied to this company, 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 New
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 New 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 New will appreciate offsetting losses from the drop in the long position's value.Moving against Nuveen Stock
The ability to find closely correlated positions to Nuveen New 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 New 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 New - 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 New York to buy it.
The correlation of Nuveen New 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 New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen New York 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 New 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.Check out Nuveen New Piotroski F Score and Nuveen New Altman Z Score analysis. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nuveen New. If investors know Nuveen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nuveen New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Dividend Share 0.463 | Earnings Share 0.81 | Revenue Per Share 0.526 | Quarterly Revenue Growth 0.115 |
The market value of Nuveen New York 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 New's value that differs from its market value or its book value, called intrinsic value, which is Nuveen New'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 New's market value can be influenced by many factors that don't directly affect Nuveen New'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 New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen New'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.