Nuveen Municipalome Beta vs. Price To Book
| NMI Fund | USD 9.52 0.04 0.42% |
For Nuveen Municipalome profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nuveen Municipalome to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nuveen Municipalome utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nuveen Municipalome's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nuveen Municipalome over time as well as its relative position and ranking within its peers.
Nuveen |
Nuveen Municipalome Price To Book vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nuveen Municipalome's current stock value. Our valuation model uses many indicators to compare Nuveen Municipalome value to that of its competitors to determine the firm's financial worth. Nuveen Municipalome is number one fund in beta among similar funds. It also is number one fund in price to book among similar funds fabricating about 6.38 of Price To Book per Beta. 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 Municipalome's earnings, one of the primary drivers of an investment's value.Nuveen Price To Book vs. Beta
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.
Nuveen Municipalome |
| = | 0.13 |
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.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Nuveen Municipalome |
| = | 0.83 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Nuveen Price To Book Comparison
Nuveen Municipalome is currently under evaluation in price to book among similar funds.
Beta Analysis
As returns on the market increase, Nuveen Municipalome's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Municipalome is expected to be smaller as well.
Nuveen Municipalome Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nuveen Municipalome, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nuveen Municipalome will eventually generate negative long term returns. The profitability progress is the general direction of Nuveen Municipalome's change in net profit over the period of time. It can combine multiple indicators of Nuveen Municipalome, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Nuveen Municipal Income Fund, Inc. is a closed ended fixed income mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations issued by state and local government authorities. Its investment portfolio comprises investment in companies operating in various industries, including healthcare, materials, education and civic organizations, and consumer staples. Nuveen Municipal Income Fund was formed on April 20, 1988 and is based in the United States.
Nuveen Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nuveen Municipalome. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Nuveen Municipalome position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Nuveen Municipalome's important profitability drivers and their relationship over time.
Use Nuveen Municipalome in pair-trading
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 Municipalome 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 Municipalome will appreciate offsetting losses from the drop in the long position's value.Nuveen Municipalome Pair Trading
Nuveen Municipalome Pair Trading Analysis
The ability to find closely correlated positions to Nuveen Municipalome 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 Municipalome 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 Municipalome - 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 Municipalome to buy it.
The correlation of Nuveen Municipalome 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 Municipalome moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Municipalome 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 Municipalome 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.Use Investing Themes to Complement your Nuveen Municipalome position
In addition to having Nuveen Municipalome in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Nuveen Fund
To fully project Nuveen Municipalome's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nuveen Municipalome at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Nuveen Municipalome's income statement, its balance sheet, and the statement of cash flows.
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