Nvent Electric Plc Stock Beta
| NVT Stock | USD 85.43 3.07 3.73% |
nVent Electric PLC fundamentals help investors to digest information that contributes to NVent Electric's financial success or failures. It also enables traders to predict the movement of NVent Stock. The fundamental analysis module provides a way to measure NVent Electric'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 NVent Electric stock.
NVent | Beta |
nVent Electric PLC Company Beta Analysis
NVent Electric'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 NVent Electric Beta | 1.34 |
Most of NVent Electric'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, nVent Electric PLC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
NVent Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for NVent Electric is extremely important. It helps to project a fair market value of NVent Stock properly, considering its historical fundamentals such as Beta. Since NVent Electric's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NVent Electric's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NVent Electric's interrelated accounts and indicators.
Click cells to compare fundamentals
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.
| Competition |
In accordance with the recently published financial statements, nVent Electric PLC has a Beta of 1.338. This is 2.34% lower than that of the Electrical Equipment sector and significantly higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.
NVent Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NVent Electric's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NVent Electric could also be used in its relative valuation, which is a method of valuing NVent Electric by comparing valuation metrics of similar companies.NVent Electric is currently under evaluation in beta category among related companies.
NVent Electric ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, NVent Electric's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NVent Electric's managers, analysts, and investors.Environmental | Governance | Social |
NVent Electric Institutional Holders
Institutional Holdings refers to the ownership stake in NVent Electric that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of NVent Electric's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing NVent Electric's value.| Shares | Geode Capital Management, Llc | 2023-12-31 | 2.6 M | Clean Energy Transition Llp | 2023-12-31 | 2.5 M | Congress Asset Management Company, Llp | 2024-03-31 | 2.2 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 2.2 M | Hhg Plc | 2023-12-31 | 2.1 M | Clark Capital Management Group Inc | 2023-12-31 | 2 M | Norges Bank | 2023-12-31 | 1.9 M | Ariel Investments, Llc | 2023-12-31 | 1.8 M | Fiduciary Management, Inc. Of Milwaukee | 2023-12-31 | 1.8 M | Vanguard Group Inc | 2023-12-31 | 16.9 M | Blackrock Inc | 2023-12-31 | 15.1 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NVent Electric will likely underperform.
NVent Fundamentals
| Return On Equity | 0.19 | ||||
| Return On Asset | 0.0712 | ||||
| Profit Margin | 0.17 % | ||||
| Operating Margin | 0.18 % | ||||
| Current Valuation | 15.87 B | ||||
| Shares Outstanding | 166.02 M | ||||
| Shares Owned By Insiders | 1.03 % | ||||
| Shares Owned By Institutions | 93.46 % | ||||
| Number Of Shares Shorted | 1.74 M | ||||
| Price To Earning | 19.99 X | ||||
| Price To Book | 3.92 X | ||||
| Price To Sales | 3.77 X | ||||
| Revenue | 3.26 B | ||||
| Gross Profit | 1.1 B | ||||
| EBITDA | 587.4 M | ||||
| Net Income | 567.1 M | ||||
| Cash And Equivalents | 297.5 M | ||||
| Cash Per Share | 1.16 X | ||||
| Total Debt | 1.9 B | ||||
| Debt To Equity | 0.44 % | ||||
| Current Ratio | 1.88 X | ||||
| Book Value Per Share | 19.35 X | ||||
| Cash Flow From Operations | 528.1 M | ||||
| Short Ratio | 1.27 X | ||||
| Earnings Per Share | 3.43 X | ||||
| Price To Earnings To Growth | 1.97 X | ||||
| Target Price | 87.65 | ||||
| Number Of Employees | 11.3 K | ||||
| Beta | 1.34 | ||||
| Market Capitalization | 14.18 B | ||||
| Total Asset | 6.16 B | ||||
| Retained Earnings | 905.3 M | ||||
| Working Capital | 602.5 M | ||||
| Current Asset | 811.11 M | ||||
| Current Liabilities | 440.24 M | ||||
| Annual Yield | 0.01 % | ||||
| Net Asset | 6.16 B | ||||
| Last Dividend Paid | 0.73 |
About NVent Electric Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze nVent Electric PLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NVent Electric using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of nVent Electric PLC based on its fundamental data. In general, a quantitative approach, as applied to this company, 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 NVent Electric
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 NVent Electric 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 NVent Electric will appreciate offsetting losses from the drop in the long position's value.Moving together with NVent Stock
| 0.84 | BE | Bloom Energy Corp Trending | PairCorr |
| 0.75 | ROBOF | RoboGroup TEK | PairCorr |
Moving against NVent Stock
| 0.7 | ELVA | Electrovaya Common Shares | PairCorr |
| 0.65 | FCEL | FuelCell Energy Financial Report 13th of June 2024 | PairCorr |
| 0.6 | EOSE | Eos Energy Enterprises | PairCorr |
| 0.59 | EPOW | Sunrise New Energy | PairCorr |
| 0.57 | FLUX | Flux Power Holdings Fiscal Year End 19th of September 2024 | PairCorr |
The ability to find closely correlated positions to NVent Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NVent Electric 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 NVent Electric - 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 nVent Electric PLC to buy it.
The correlation of NVent Electric 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 NVent Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if nVent Electric PLC 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 NVent Electric 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 NVent Electric Piotroski F Score and NVent Electric Altman Z Score analysis. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for NVent Stock analysis
When running NVent Electric's price analysis, check to measure NVent Electric'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 NVent Electric is operating at the current time. Most of NVent Electric's value examination focuses on studying past and present price action to predict the probability of NVent Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NVent Electric's price. Additionally, you may evaluate how the addition of NVent Electric to your portfolios can decrease your overall portfolio volatility.
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Is NVent Electric's industry 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 NVent Electric. If investors know NVent 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 NVent Electric 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 0.107 | Dividend Share 0.73 | Earnings Share 3.43 | Revenue Per Share 20.511 | Quarterly Revenue Growth 0.181 |
The market value of nVent Electric PLC is measured differently than its book value, which is the value of NVent that is recorded on the company's balance sheet. Investors also form their own opinion of NVent Electric's value that differs from its market value or its book value, called intrinsic value, which is NVent Electric'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 NVent Electric's market value can be influenced by many factors that don't directly affect NVent Electric'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 NVent Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if NVent Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NVent Electric'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.