Nuveen Municipal Three Year Return vs. Price To Sales

NMZ Fund  USD 11.46  0.11  0.95%   
Taking into consideration Nuveen Municipal's profitability measurements, Nuveen Municipal High may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Nuveen Municipal's ability to earn profits and add value for shareholders.
For Nuveen Municipal profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nuveen Municipal to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nuveen Municipal High utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nuveen Municipal's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nuveen Municipal High over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Nuveen Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Municipal'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 Municipal High Price To Sales vs. Three Year Return Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Nuveen Municipal's current stock value. Our valuation model uses many indicators to compare Nuveen Municipal value to that of its competitors to determine the firm's financial worth.
Nuveen Municipal High is regarded fourth largest fund in three year return among similar funds. It is rated below average in price to sales among similar funds . 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 Municipal's earnings, one of the primary drivers of an investment's value.

Nuveen Price To Sales vs. Three Year Return

Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.

Nuveen Municipal

Three Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
(2.74) %
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

Nuveen Municipal

P/S

 = 

MV Per Share

Revenue Per Share

 = 
11.83 X
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.

Nuveen Price To Sales Comparison

Nuveen Municipal is currently under evaluation in price to sales among similar funds.

Nuveen Municipal Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Nuveen Municipal, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nuveen Municipal will eventually generate negative long term returns. The profitability progress is the general direction of Nuveen Municipal's change in net profit over the period of time. It can combine multiple indicators of Nuveen Municipal, 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 High Income Opportunity Fund is a closed-end 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 investment grade tax-exempt municipal securities. The fund was formerly known as Nuveen Municipal High Yield Opportunity Fund. Nuveen Municipal High Income Opportunity Fund was founded in November 19, 2003 and is based in the United States.

Nuveen Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Nuveen Municipal. 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 Municipal 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 Municipal's important profitability drivers and their relationship over time.

Use Nuveen Municipal 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 Municipal 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 Municipal will appreciate offsetting losses from the drop in the long position's value.

Nuveen Municipal Pair Trading

Nuveen Municipal High Pair Trading Analysis

The ability to find closely correlated positions to Nuveen Municipal 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 Municipal 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 Municipal - 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 Municipal High to buy it.
The correlation of Nuveen Municipal 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 Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Municipal High 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 Municipal 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.
Pair CorrelationCorrelation Matching

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Other Information on Investing in Nuveen Fund

To fully project Nuveen Municipal's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nuveen Municipal High 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 Municipal's income statement, its balance sheet, and the statement of cash flows.
Potential Nuveen Municipal investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Nuveen Municipal investors may work on each financial statement separately, they are all related. The changes in Nuveen Municipal's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Nuveen Municipal's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
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