Nuveen Select Tax Free Stock Market Value
| NXP Stock | USD 14.87 0.10 0.68% |
| Symbol | Nuveen |
Nuveen Select Tax Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nuveen Select. If investors know Nuveen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nuveen Select listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.118 | Dividend Share 0.582 | Earnings Share 1.57 | Revenue Per Share 0.63 | Quarterly Revenue Growth 0.057 |
The market value of Nuveen Select Tax is measured differently than its book value, which is the value of Nuveen that is recorded on the company's balance sheet. Investors also form their own opinion of Nuveen Select's value that differs from its market value or its book value, called intrinsic value, which is Nuveen Select's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nuveen Select's market value can be influenced by many factors that don't directly affect Nuveen Select's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nuveen Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Select's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nuveen Select 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nuveen Select's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nuveen Select.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Nuveen Select on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen Select Tax Free or generate 0.0% return on investment in Nuveen Select over 30 days. Nuveen Select is related to or competes with Nuveen Dividend, Nuveen Amt, Nuveen Municipal, Nuveen Amt, Munivest Fund, Eaton Vance, and Eaton Vance. Nuveen Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc More
Nuveen Select Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nuveen Select's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nuveen Select Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5847 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.09 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 0.677 |
Nuveen Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen Select's standard deviation. In reality, there are many statistical measures that can use Nuveen Select historical prices to predict the future Nuveen Select's volatility.| Risk Adjusted Performance | 0.0014 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Select's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nuveen Select Tax Backtested Returns
Nuveen Select Tax has Sharpe Ratio of -0.0226, which conveys that the firm had a -0.0226% return per unit of risk over the last 3 months. Nuveen Select exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen Select's Mean Deviation of 0.3872, risk adjusted performance of 0.0014, and Downside Deviation of 0.5847 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen Select is expected to be smaller as well. At this point, Nuveen Select Tax has a negative expected return of -0.0123%. Please make sure to verify Nuveen Select's sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Nuveen Select Tax performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.49 |
Modest reverse predictability
Nuveen Select Tax Free has modest reverse predictability. Overlapping area represents the amount of predictability between Nuveen Select time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nuveen Select Tax price movement. The serial correlation of -0.49 indicates that about 49.0% of current Nuveen Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nuveen Select Tax lagged returns against current returns
Autocorrelation, which is Nuveen Select stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nuveen Select's stock expected returns. We can calculate the autocorrelation of Nuveen Select returns to help us make a trade decision. For example, suppose you find that Nuveen Select has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nuveen Select regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nuveen Select stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen Select stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen Select stock over time.
Current vs Lagged Prices |
| Timeline |
Nuveen Select Lagged Returns
When evaluating Nuveen Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen Select stock have on its future price. Nuveen Select autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nuveen Select autocorrelation shows the relationship between Nuveen Select stock current value and its past values and can show if there is a momentum factor associated with investing in Nuveen Select Tax Free.
Regressed Prices |
| Timeline |
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.