Nuveen Mortgage Opportunity Etf Price To Earning
| JLS Etf | USD 17.56 0.07 0.40% |
Nuveen Mortgage Opportunity fundamentals help investors to digest information that contributes to Nuveen Mortgage'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 Mortgage'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 Mortgage etf.
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Nuveen Mortgage Opportunity ETF Price To Earning Analysis
Nuveen Mortgage'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 Mortgage Price To Earning | 16.08 X |
Most of Nuveen Mortgage'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 Mortgage Opportunity 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.
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Based on the latest financial disclosure, Nuveen Mortgage Opportunity has a Price To Earning of 16.08 times. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The price to earning for all United States etfs is notably lower than that of the firm.
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 Mortgage's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Nuveen Mortgage could also be used in its relative valuation, which is a method of valuing Nuveen Mortgage by comparing valuation metrics of similar companies.Nuveen Mortgage is currently under evaluation in price to earning as compared to similar ETFs.
Nuveen Fundamentals
| Shares Outstanding | 5.49 M | ||||
| Shares Owned By Institutions | 53.97 % | ||||
| Number Of Shares Shorted | 2.19 K | ||||
| Price To Earning | 16.08 X | ||||
| Short Ratio | 0.21 X | ||||
| Earnings Per Share | 0.99 X | ||||
| Number Of Employees | 22 | ||||
| Beta | 0.15 | ||||
| Market Capitalization | 97.46 M | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 7.56 % | ||||
| One Year Return | 12.93 % | ||||
| Three Year Return | 1.77 % | ||||
| Five Year Return | 2.38 % | ||||
| Last Dividend Paid | 1.0 |
About Nuveen Mortgage Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nuveen Mortgage Opportunity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nuveen Mortgage using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nuveen Mortgage Opportunity 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.
Pair Trading with Nuveen Mortgage
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 Mortgage 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 Mortgage will appreciate offsetting losses from the drop in the long position's value.Moving together with Nuveen Etf
| 0.64 | USD | ProShares Ultra Semi | PairCorr |
| 0.66 | DIG | ProShares Ultra Oil | PairCorr |
The ability to find closely correlated positions to Nuveen Mortgage 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 Mortgage 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 Mortgage - 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 Mortgage Opportunity to buy it.
The correlation of Nuveen Mortgage 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 Mortgage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Mortgage Oppo 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 Mortgage 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 Mortgage Piotroski F Score and Nuveen Mortgage Altman Z Score analysis. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
The market value of Nuveen Mortgage Oppo 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 Mortgage's value that differs from its market value or its book value, called intrinsic value, which is Nuveen Mortgage'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 Mortgage's market value can be influenced by many factors that don't directly affect Nuveen Mortgage'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 Mortgage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen Mortgage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen Mortgage'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.