Nuveen Historical Balance Sheet
| NXP Stock | USD 14.62 0.06 0.41% |
Trend analysis of Nuveen Select Tax Free balance sheet accounts such as Retained Earnings of 23.1 M provides information on Nuveen Select's total assets, liabilities, and equity, which is the actual value of Nuveen Select Tax to its prevalent stockholders. By breaking down trends over time using Nuveen Select balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Nuveen Select Tax latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Nuveen Select Tax is a good buy for the upcoming year.
Nuveen Select Inventory |
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About Nuveen Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Nuveen Select Tax at a specified time, usually calculated after every quarter, six months, or one year. Nuveen Select Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nuveen Select and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Nuveen currently owns. An asset can also be divided into two categories, current and non-current.
Nuveen Select Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Nuveen Select assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Nuveen Select Tax books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most accounts from Nuveen Select's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Nuveen Select Tax current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Select Tax Free. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. At this time, Nuveen Select's Other Stockholder Equity is relatively stable compared to the past year. As of 11/26/2024, Total Current Assets is likely to grow to about 14.8 M, while Retained Earnings are likely to drop slightly above 23.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Net Tangible Assets | 708.2M | 682.1M | 784.4M | 823.6M | Total Stockholder Equity | 708.2M | 682.1M | 702.3M | 737.4M |
Nuveen Select balance sheet Correlations
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Nuveen Select Account Relationship Matchups
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Nuveen Select balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 262.3M | 272.5M | 710.8M | 684.7M | 713.2M | 374.8M | |
| Other Current Liab | 191.7K | (500K) | (2.0M) | (2.2M) | (10.6M) | (10.1M) | |
| Total Stockholder Equity | 261.4M | 271.1M | 708.2M | 682.1M | 702.3M | 737.4M | |
| Net Tangible Assets | 261.4M | 271.1M | 708.2M | 682.1M | 784.4M | 823.6M | |
| Retained Earnings | 31.0M | 40.5M | 52.7M | 26.5M | 30.4M | 23.1M | |
| Accounts Payable | 715.5K | 500K | 2.0M | 2.2M | 10.5M | 11.1M | |
| Other Assets | 66.0K | 75.7K | 233.5K | 213.6K | 713.2M | 748.9M | |
| Net Receivables | 2.4M | 2.3M | 8.9M | 6.7M | 13.8M | 14.5M | |
| Total Liab | 907.2K | 1.4M | 2.6M | 2.6M | 10.9M | 11.4M | |
| Long Term Investments | 259.8M | 269.1M | 700.4M | 677.7M | 698.8M | 384.6M | |
| Common Stock | 165.8K | 165.9K | 468.0K | 468.0K | 479.4K | 249.3K | |
| Cash | 94.3K | 974.5K | 1.3M | 138.7K | 275.2K | 261.4K | |
| Common Stock Shares Outstanding | 16.6M | 16.6M | 46.8M | 46.8M | 47.9M | 26.0M | |
| Total Current Liabilities | 907.2K | 1.4M | 2.6M | 2.6M | 12.9M | 13.6M | |
| Net Debt | (94.3K) | (974.5K) | (1.3M) | (138.7K) | (225.5K) | (236.8K) | |
| Non Current Assets Total | 259.8M | 269.1M | 700.4M | 677.7M | 699.1M | 398.0M | |
| Non Currrent Assets Other | (259.8M) | (269.1M) | (700.4M) | (677.7M) | (698.8M) | (663.8M) | |
| Cash And Short Term Investments | 94.3K | 974.5K | 1.3M | 138.7K | 275.2K | 261.4K | |
| Other Stockholder Equity | (31.2M) | 230.4M | 655.0M | 655.1M | 671.5M | 705.1M | |
| Total Current Assets | 2.5M | 3.3M | 10.2M | 6.8M | 14.1M | 14.8M | |
| Non Current Liabilities Total | 907.2K | 1.4M | 2.6M | 2.6M | 10.8M | 11.4M | |
| Liabilities And Stockholders Equity | 262.3M | 272.5M | 710.8M | 684.7M | 713.2M | 468.1M | |
| Other Current Assets | (4.7M) | (4.6M) | (10.2M) | (8.3M) | (14.1M) | (13.4M) | |
| Capital Stock | 165.8K | 165.9K | 468.0K | 468.0K | 479.4K | 350.7K |
Pair Trading with Nuveen Select
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 Select 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 Select will appreciate offsetting losses from the drop in the long position's value.Moving against Nuveen Stock
| 0.8 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.8 | LC | LendingClub Corp | PairCorr |
| 0.76 | DIST | Distoken Acquisition | PairCorr |
| 0.76 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.69 | V | Visa Class A | PairCorr |
The ability to find closely correlated positions to Nuveen Select 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 Select 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 Select - 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 Select Tax Free to buy it.
The correlation of Nuveen Select 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 Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Select Tax 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 Select 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.Additional Tools for Nuveen Stock Analysis
When running Nuveen Select's price analysis, check to measure Nuveen Select's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nuveen Select is operating at the current time. Most of Nuveen Select's value examination focuses on studying past and present price action to predict the probability of Nuveen Select's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nuveen Select's price. Additionally, you may evaluate how the addition of Nuveen Select to your portfolios can decrease your overall portfolio volatility.