Nuveen Missouri Book Value Per Share vs. Beta
| NOM Fund | USD 10.67 0.01 0.09% |
For Nuveen Missouri profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nuveen Missouri to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nuveen Missouri Quality utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nuveen Missouri's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nuveen Missouri Quality over time as well as its relative position and ranking within its peers.
Nuveen |
Nuveen Missouri Quality Beta vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nuveen Missouri's current stock value. Our valuation model uses many indicators to compare Nuveen Missouri value to that of its competitors to determine the firm's financial worth. Nuveen Missouri Quality is number one fund in book value per share among similar funds. It is rated below average in beta among similar funds totaling about 0.02 of Beta per Book Value Per Share. The ratio of Book Value Per Share to Beta for Nuveen Missouri Quality is roughly 50.14 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Nuveen Missouri by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Nuveen Beta vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Nuveen Missouri |
| = | 14.04 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
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 Missouri |
| = | 0.28 |
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.
Nuveen Beta Comparison
Nuveen Missouri is currently under evaluation in beta among similar funds.
Beta Analysis
As returns on the market increase, Nuveen Missouri's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Missouri is expected to be smaller as well.
Nuveen Missouri Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nuveen Missouri, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nuveen Missouri will eventually generate negative long term returns. The profitability progress is the general direction of Nuveen Missouri's change in net profit over the period of time. It can combine multiple indicators of Nuveen Missouri, 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 Missouri Quality Municipal Income Fund 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 Missouri. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal and Missouri income taxes. It seeks to invest in investment grade securities. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against Standard Poors Missouri Municipal Bond Index and Standard Poors National Municipal Bond Index. The fund was formerly known as Nuveen Missouri Premium Income Municipal Fund. Nuveen Missouri Quality Municipal Income Fund was formed on March 29, 1993 and is domiciled in the United States.
Nuveen Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nuveen Missouri. 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 Missouri 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 Missouri's important profitability drivers and their relationship over time.
Use Nuveen Missouri 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 Missouri 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 Missouri will appreciate offsetting losses from the drop in the long position's value.Nuveen Missouri Pair Trading
Nuveen Missouri Quality Pair Trading Analysis
The ability to find closely correlated positions to Nuveen Missouri 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 Missouri 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 Missouri - 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 Missouri Quality to buy it.
The correlation of Nuveen Missouri 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 Missouri moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Missouri Quality 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 Missouri 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 Missouri position
In addition to having Nuveen Missouri 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?
Run Wireless Thematic Idea Now
Wireless
Companies providing wireless technology and communication services. The Wireless theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Wireless Theme or any other thematic opportunities.
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Other Information on Investing in Nuveen Fund
To fully project Nuveen Missouri's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nuveen Missouri Quality 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 Missouri's income statement, its balance sheet, and the statement of cash flows.
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