Nuveen Dow 30sm Etf Fundamentals
| DIAX Etf | USD 13.94 0.04 0.29% |
Nuveen Dow 30Sm fundamentals help investors to digest information that contributes to Nuveen Dow's financial success or failures. It also enables traders to predict the movement of Nuveen Etf. The fundamental analysis module provides a way to measure Nuveen Dow'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 Dow etf.
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Nuveen Dow 30Sm ETF Beta Analysis
Nuveen Dow's 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.
Current Nuveen Dow Beta | 0.96 |
Most of Nuveen Dow's fundamental indicators, such as Beta, 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 Dow 30Sm is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
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In accordance with the recently published financial statements, Nuveen Dow 30Sm has a Beta of 0.96. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The beta for all United States etfs is notably lower than that of the firm.
Nuveen Dow 30Sm Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nuveen Dow's current stock value. Our valuation model uses many indicators to compare Nuveen Dow value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nuveen Dow competition to find correlations between indicators driving Nuveen Dow's intrinsic value. More Info.Nuveen Dow 30Sm is rated below average in price to earning as compared to similar ETFs. It is rated # 3 ETF in price to book as compared to similar ETFs fabricating about 0.16 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Nuveen Dow 30Sm is roughly 6.43 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Nuveen Dow by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nuveen Dow's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 Dow's earnings, one of the primary drivers of an investment's value.Nuveen Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nuveen Dow's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Nuveen Dow could also be used in its relative valuation, which is a method of valuing Nuveen Dow by comparing valuation metrics of similar companies.Nuveen Dow is currently under evaluation in beta as compared to similar ETFs.
Nuveen Dow returns are very sensitive to returns on the market. As the market goes up or down, Nuveen Dow is expected to follow.
Nuveen Fundamentals
| Return On Equity | -5.93 | ||||
| Return On Asset | 0.65 | ||||
| Profit Margin | (290.93) % | ||||
| Operating Margin | 52.73 % | ||||
| Current Valuation | 536.41 M | ||||
| Shares Outstanding | 36.37 M | ||||
| Shares Owned By Institutions | 28.57 % | ||||
| Number Of Shares Shorted | 9.74 K | ||||
| Price To Earning | 6.17 X | ||||
| Price To Book | 0.96 X | ||||
| Price To Sales | 46.51 X | ||||
| Revenue | 12.51 M | ||||
| Gross Profit | 12.14 M | ||||
| Net Income | (36.4 M) | ||||
| Cash And Equivalents | 8.64 K | ||||
| Total Debt | 4.9 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 0.46 X | ||||
| Book Value Per Share | 16.65 X | ||||
| Short Ratio | 0.10 X | ||||
| Earnings Per Share | (0.43) X | ||||
| Number Of Employees | 25 | ||||
| Beta | 0.96 | ||||
| Market Capitalization | 448.04 M | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 0.45 % | ||||
| One Year Return | 7.74 % | ||||
| Three Year Return | 3.42 % | ||||
| Five Year Return | 4.55 % | ||||
| Last Dividend Paid | 1.15 |
About Nuveen Dow Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nuveen Dow 30Sm's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nuveen Dow using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nuveen Dow 30Sm based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Nuveen Dow 30 Dynamic Overwrite Fund is a closed-ended equity mutual fund launched by Nuveen Investments, Inc. Nuveen Dow is traded on New York Stock Exchange in the United States.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nuveen Dow in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nuveen Dow's short interest history, or implied volatility extrapolated from Nuveen Dow options trading.
Pair Trading with Nuveen Dow
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 Dow 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 Dow will appreciate offsetting losses from the drop in the long position's value.Moving together with Nuveen Etf
| 0.67 | GREI | Goldman Sachs Future | PairCorr |
Moving against Nuveen Etf
| 0.41 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
The ability to find closely correlated positions to Nuveen Dow 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 Dow 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 Dow - 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 Dow 30Sm to buy it.
The correlation of Nuveen Dow 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 Dow moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Dow 30Sm 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 Dow 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 Nuveen Dow Piotroski F Score and Nuveen Dow Altman Z Score analysis. Note that the Nuveen Dow 30Sm information on this page should be used as a complementary analysis to other Nuveen Dow's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
The market value of Nuveen Dow 30Sm 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 Dow's value that differs from its market value or its book value, called intrinsic value, which is Nuveen Dow'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 Dow's market value can be influenced by many factors that don't directly affect Nuveen Dow'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 Dow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Dow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Dow'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.