Nuveen Ohio Quality Fund Fundamentals
Nuveen Ohio Quality fundamentals help investors to digest information that contributes to Nuveen Ohio's financial success or failures. It also enables traders to predict the movement of Nuveen Fund. The fundamental analysis module provides a way to measure Nuveen Ohio's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nuveen Ohio fund.
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Nuveen Ohio Quality Fund Price To Earning Analysis
Nuveen Ohio's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Nuveen Ohio Price To Earning | 17.82 X |
Most of Nuveen Ohio's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nuveen Ohio Quality is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
CompetitionNuveen Ohio Price To Earning Component Assessment
Based on the latest financial disclosure, Nuveen Ohio Quality has a Price To Earning of 17.82 times. This is 2.52% lower than that of the Financial Services family and 22.39% higher than that of the Asset Management category. The price to earning for all United States funds is 37.95% higher than that of the company.
Nuveen Ohio Quality Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nuveen Ohio's current stock value. Our valuation model uses many indicators to compare Nuveen Ohio value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nuveen Ohio competition to find correlations between indicators driving Nuveen Ohio's intrinsic value. More Info.Nuveen Ohio Quality is rated below average in price to earning among similar funds. It is rated below average in price to book among similar funds fabricating about 0.04 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Nuveen Ohio Quality is roughly 24.75 . 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 Ohio's earnings, one of the primary drivers of an investment's value.Nuveen Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nuveen Ohio's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Nuveen Ohio could also be used in its relative valuation, which is a method of valuing Nuveen Ohio by comparing valuation metrics of similar companies.Nuveen Ohio is currently under evaluation in price to earning among similar funds.
Nuveen Fundamentals
| Return On Equity | -0.99 | |||
| Return On Asset | 1.62 | |||
| Profit Margin | (19.77) % | |||
| Operating Margin | 79.87 % | |||
| Current Valuation | 383.34 M | |||
| Shares Outstanding | 18.32 M | |||
| Shares Owned By Institutions | 25.86 % | |||
| Number Of Shares Shorted | 3.58 K | |||
| Price To Earning | 17.82 X | |||
| Price To Book | 0.72 X | |||
| Price To Sales | 14.81 X | |||
| Revenue | 15.56 M | |||
| Gross Profit | 15.56 M | |||
| Net Income | (3.08 M) | |||
| Cash And Equivalents | 954.64 K | |||
| Cash Per Share | 0.05 X | |||
| Total Debt | 167.79 M | |||
| Debt To Equity | 0.55 % | |||
| Current Ratio | 4.35 X | |||
| Book Value Per Share | 17.59 X | |||
| Cash Flow From Operations | 12.16 M | |||
| Short Ratio | 0.06 X | |||
| Earnings Per Share | 0.71 X | |||
| Number Of Employees | 24 | |||
| Beta | 0.27 | |||
| Market Capitalization | 230.43 M | |||
| Total Asset | 219.53 M | |||
| Retained Earnings | (6.03 M) | |||
| Z Score | 0.6 | |||
| Five Year Return | 3.93 % | |||
| Last Dividend Paid | 0.39 |
Pair Trading with Nuveen Ohio
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 Ohio 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 Ohio will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Discover Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Discover Financial 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 Discover Financial - 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 Discover Financial Services to buy it.
The correlation of Discover Financial 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 Discover Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Discover Financial 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 Discover Financial 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.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Other Consideration for investing in Nuveen Fund
If you are still planning to invest in Nuveen Ohio Quality check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nuveen Ohio's history and understand the potential risks before investing.
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