Nuveen Interest Coverage vs Net Income Per Share Analysis

NXP Stock

USD 15.01 0.09 0.60%

Nuveen Select financial indicator trend analysis is infinitely more than just investigating Nuveen Select Tax recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nuveen Select Tax is a good investment. Please check the relationship between Nuveen Select Interest Coverage and its Net Income Per Share accounts. 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.

Interest Coverage vs Net Income Per Share

Interest Coverage vs Net Income Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nuveen Select Tax Interest Coverage account and Net Income Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Nuveen Select's Interest Coverage and Net Income Per Share is -0.44. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Nuveen Select Tax Free, assuming nothing else is changed. The correlation between historical values of Nuveen Select's Interest Coverage and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Nuveen Select Tax Free are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Interest Coverage i.e., Nuveen Select's Interest Coverage and Net Income Per Share go up and down completely randomly.

Correlation Coefficient

-0.44

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Interest Coverage

Net Income Per Share

Most indicators from Nuveen Select's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Selling General Administrative is relatively stable compared to the past year. As of 12/01/2024, Enterprise Value is likely to grow to about 726.1 M, while Sales General And Administrative To Revenue is likely to drop 0.05.

	2021	2022	2023	2024 (projected)
Operating Income	14.0M	23.8M	28.6M	30.0M
Gross Profit	15.0M	25.5M	30.2M	31.7M

Operating Income Gross Profit

Nuveen Select fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Total Liab	Long Term Investments	Common Stock	Cash	Common Stock Shares Outstanding	Total Current Liabilities	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Other Stockholder Equity	Total Current Assets	Non Current Liabilities Total	Capital Surpluse	Common Stock Total Equity	Short Term Investments	Inventory	Other Current Assets
Total Assets		-0.61	0.84	0.86	0.57	0.45	0.41	0.71	0.46	1.0	1.0	-0.18	1.0	0.49	0.18	1.0	-0.42	-0.17	0.86	0.67	0.55	0.86	0.49	-0.74	-0.26	-0.6
Other Current Liab	-0.61		-0.8	-0.87	-0.22	-0.93	-0.96	-0.94	-0.9	-0.62	-0.61	0.28	-0.62	-0.96	-0.29	-0.63	-0.38	0.28	-0.82	-0.87	-0.98	-0.87	-0.95	0.63	-0.03	0.85
Total Stockholder Equity	0.84	-0.8		0.93	0.5	0.57	0.62	0.83	0.6	0.84	0.83	-0.36	0.84	0.66	0.36	0.86	-0.2	-0.35	0.94	0.73	0.73	0.92	0.61	-0.83	-0.28	-0.63
Net Tangible Assets	0.86	-0.87	0.93		0.45	0.76	0.74	0.94	0.75	0.87	0.86	-0.25	0.87	0.79	0.25	0.88	-0.1	-0.24	0.96	0.88	0.84	1.0	0.72	-0.76	-0.13	-0.81
Retained Earnings	0.57	-0.22	0.5	0.45		0.07	0.09	0.3	0.13	0.56	0.53	-0.05	0.53	0.15	0.04	0.56	-0.41	-0.04	0.43	0.32	0.22	0.42	0.13	-0.72	-0.78	-0.07
Accounts Payable	0.45	-0.93	0.57	0.76	0.07		0.97	0.9	0.94	0.46	0.45	-0.2	0.47	0.97	0.2	0.47	0.53	-0.19	0.65	0.85	0.95	0.77	0.94	-0.42	0.22	-0.89
Other Assets	0.41	-0.96	0.62	0.74	0.09	0.97		0.89	0.93	0.42	0.42	-0.24	0.43	0.98	0.25	0.44	0.59	-0.23	0.64	0.83	0.97	0.75	0.97	-0.47	0.16	-0.85
Net Receivables	0.71	-0.94	0.83	0.94	0.3	0.9	0.89		0.87	0.72	0.71	-0.3	0.72	0.92	0.3	0.73	0.2	-0.29	0.85	0.9	0.93	0.94	0.87	-0.62	-0.01	-0.91
Total Liab	0.46	-0.9	0.6	0.75	0.13	0.94	0.93	0.87		0.47	0.46	-0.08	0.47	0.98	0.08	0.48	0.48	-0.07	0.66	0.88	0.97	0.76	0.9	-0.45	0.15	-0.84
Long Term Investments	1.0	-0.62	0.84	0.87	0.56	0.46	0.42	0.72	0.47		1.0	-0.2	1.0	0.5	0.19	1.0	-0.42	-0.19	0.87	0.68	0.56	0.87	0.5	-0.74	-0.25	-0.61
Common Stock	1.0	-0.61	0.83	0.86	0.53	0.45	0.42	0.71	0.46	1.0		-0.19	1.0	0.49	0.19	1.0	-0.42	-0.18	0.86	0.67	0.55	0.86	0.5	-0.72	-0.22	-0.61
Cash	-0.18	0.28	-0.36	-0.25	-0.05	-0.2	-0.24	-0.3	-0.08	-0.2	-0.19		-0.19	-0.15	-1.0	-0.2	-0.05	1.0	-0.24	0.12	-0.21	-0.25	-0.24	0.29	-0.04	0.12
Common Stock Shares Outstanding	1.0	-0.62	0.84	0.87	0.53	0.47	0.43	0.72	0.47	1.0	1.0	-0.19		0.5	0.19	1.0	-0.42	-0.18	0.87	0.68	0.56	0.87	0.5	-0.72	-0.22	-0.62
Total Current Liabilities	0.49	-0.96	0.66	0.79	0.15	0.97	0.98	0.92	0.98	0.5	0.49	-0.15	0.5		0.15	0.51	0.5	-0.14	0.7	0.9	0.99	0.8	0.95	-0.51	0.13	-0.87
Net Debt	0.18	-0.29	0.36	0.25	0.04	0.2	0.25	0.3	0.08	0.19	0.19	-1.0	0.19	0.15		0.2	0.06	-1.0	0.24	-0.12	0.21	0.25	0.24	-0.28	0.04	-0.13
Non Current Assets Total	1.0	-0.63	0.86	0.88	0.56	0.47	0.44	0.73	0.48	1.0	1.0	-0.2	1.0	0.51	0.2		-0.41	-0.19	0.88	0.69	0.57	0.88	0.51	-0.75	-0.25	-0.62
Non Currrent Assets Other	-0.42	-0.38	-0.2	-0.1	-0.41	0.53	0.59	0.2	0.48	-0.42	-0.42	-0.05	-0.42	0.5	0.06	-0.41		-0.05	-0.19	0.18	0.43	-0.09	0.57	0.21	0.4	-0.29
Cash And Short Term Investments	-0.17	0.28	-0.35	-0.24	-0.04	-0.19	-0.23	-0.29	-0.07	-0.19	-0.18	1.0	-0.18	-0.14	-1.0	-0.19	-0.05		-0.23	0.13	-0.2	-0.24	-0.23	0.28	-0.04	0.12
Other Stockholder Equity	0.86	-0.82	0.94	0.96	0.43	0.65	0.64	0.85	0.66	0.87	0.86	-0.24	0.87	0.7	0.24	0.88	-0.19	-0.23		0.8	0.76	0.95	0.63	-0.8	-0.25	-0.7
Total Current Assets	0.67	-0.87	0.73	0.88	0.32	0.85	0.83	0.9	0.88	0.68	0.67	0.12	0.68	0.9	-0.12	0.69	0.18	0.13	0.8		0.89	0.88	0.81	-0.57	-0.03	-0.88
Non Current Liabilities Total	0.55	-0.98	0.73	0.84	0.22	0.95	0.97	0.93	0.97	0.56	0.55	-0.21	0.56	0.99	0.21	0.57	0.43	-0.2	0.76	0.89		0.84	0.94	-0.59	0.06	-0.85
Capital Surpluse	0.86	-0.87	0.92	1.0	0.42	0.77	0.75	0.94	0.76	0.87	0.86	-0.25	0.87	0.8	0.25	0.88	-0.09	-0.24	0.95	0.88	0.84		0.73	-0.74	-0.1	-0.82
Common Stock Total Equity	0.49	-0.95	0.61	0.72	0.13	0.94	0.97	0.87	0.9	0.5	0.5	-0.24	0.5	0.95	0.24	0.51	0.57	-0.23	0.63	0.81	0.94	0.73		-0.48	0.14	-0.84
Short Term Investments	-0.74	0.63	-0.83	-0.76	-0.72	-0.42	-0.47	-0.62	-0.45	-0.74	-0.72	0.29	-0.72	-0.51	-0.28	-0.75	0.21	0.28	-0.8	-0.57	-0.59	-0.74	-0.48		0.59	0.29
Inventory	-0.26	-0.03	-0.28	-0.13	-0.78	0.22	0.16	-0.01	0.15	-0.25	-0.22	-0.04	-0.22	0.13	0.04	-0.25	0.4	-0.04	-0.25	-0.03	0.06	-0.1	0.14	0.59		-0.25
Other Current Assets	-0.6	0.85	-0.63	-0.81	-0.07	-0.89	-0.85	-0.91	-0.84	-0.61	-0.61	0.12	-0.62	-0.87	-0.13	-0.62	-0.29	0.12	-0.7	-0.88	-0.85	-0.82	-0.84	0.29	-0.25

Click cells to compare fundamentals

Nuveen Select Account Relationship Matchups

Nuveen Select fundamental ratios 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	47.6M	26.0M
Total Current Liabilities	907.2K	1.4M	2.6M	2.6M	13.3M	13.9M
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)	374.1K	392.8K
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

0.62	TETEU	Technology Telecommunicatio	Pair Corr
0.58	V	Visa Class A	Pair Corr
0.52	DIST	Distoken Acquisition	Pair Corr
0.47	MA	Mastercard	Pair Corr
0.44	DYCQ	DT Cloud Acquisition	Pair Corr

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.

Pair Correlation Correlation Matching

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC