Nuveen Price Book Value Ratio from 2010 to 2024
| NXP Stock | USD 14.87 0.10 0.68% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter 0.97745198 | Current Value 0.77 | Quarterly Volatility 0.05975542 |
Check Nuveen Select financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nuveen Select's main balance sheet or income statement drivers, such as Interest Expense of 18.6 K, Selling General Administrative of 1.6 M or Total Revenue of 31.7 M, as well as many indicators such as Price To Sales Ratio of 21.61, Dividend Yield of 0.0 or PTB Ratio of 0.77. Nuveen financial statements analysis is a perfect complement when working with Nuveen Select Valuation or Volatility modules.
Nuveen | Price Book Value Ratio |
Latest Nuveen Select's Price Book Value Ratio Growth Pattern
Below is the plot of the Price Book Value Ratio of Nuveen Select Tax Free over the last few years. It is Nuveen Select's Price Book Value Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nuveen Select's overall financial position and show how it may be relating to other accounts over time.
| Price Book Value Ratio | 10 Years Trend |
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Price Book Value Ratio |
| Timeline |
Nuveen Price Book Value Ratio Regression Statistics
| Arithmetic Mean | 0.95 | |
| Geometric Mean | 0.95 | |
| Coefficient Of Variation | 6.29 | |
| Mean Deviation | 0.03 | |
| Median | 0.96 | |
| Standard Deviation | 0.06 | |
| Sample Variance | 0 | |
| Range | 0.2942 | |
| R-Value | (0.25) | |
| Mean Square Error | 0 | |
| R-Squared | 0.06 | |
| Significance | 0.37 | |
| Slope | (0) | |
| Total Sum of Squares | 0.05 |
Nuveen Price Book Value Ratio History
About Nuveen Select Financial Statements
Nuveen Select shareholders use historical fundamental indicators, such as Price Book Value Ratio, to determine how well the company is positioned to perform in the future. Although Nuveen Select investors may analyze each financial statement separately, they are all interrelated. The changes in Nuveen Select's assets and liabilities, for example, are also reflected in the revenues and expenses on on Nuveen Select's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price Book Value Ratio | 0.98 | 0.77 |
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
| 0.59 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.57 | COF | Capital One Financial Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.54 | AMP | Ameriprise Financial Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.49 | ENVA | Enova International | PairCorr |
| 0.47 | 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.