Northview Residential Reit Stock Book Value Per Share
| NRR-UN Stock | 16.26 0.11 0.68% |
Northview Residential REIT fundamentals help investors to digest information that contributes to Northview Residential's financial success or failures. It also enables traders to predict the movement of Northview Stock. The fundamental analysis module provides a way to measure Northview Residential'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 Northview Residential stock.
Northview | Book Value Per Share |
Northview Residential REIT Company Book Value Per Share Analysis
Northview Residential's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
More About Book Value Per Share | All Equity Analysis
Book Value per Share | = | Common EquityAverage Shares |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
| Competition |
In accordance with the recently published financial statements, the book value per share of Northview Residential REIT is about 0.0 times. This is 100.0% lower than that of the Oil, Gas & Consumable Fuels sector and 100.0% lower than that of the Energy industry. The book value per share for all Canada stocks is 100.0% higher than that of the company.
Northview Book Value Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Northview Residential's direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Northview Residential could also be used in its relative valuation, which is a method of valuing Northview Residential by comparing valuation metrics of similar companies.Northview Residential is currently under evaluation in book value per share category among its peers.
Northview Fundamentals
| Current Valuation | 2.23 B | ||||
| Shares Outstanding | 3.56 M | ||||
| Number Of Shares Shorted | 1.27 K | ||||
| Price To Book | 0.72 X | ||||
| Price To Sales | 2.10 X | ||||
| Revenue | 228.47 M | ||||
| Net Income | 163.03 M | ||||
| Total Debt | 590.21 M | ||||
| Cash Flow From Operations | 44.32 M | ||||
| Short Ratio | 0.24 X | ||||
| Earnings Per Share | 0.53 X | ||||
| Target Price | 19.33 | ||||
| Market Capitalization | 637.17 M | ||||
| Total Asset | 2.75 B | ||||
| Working Capital | (692.11 M) | ||||
| Annual Yield | 5,917 % | ||||
| Net Asset | 2.75 B |
About Northview Residential Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Northview Residential REIT's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Northview Residential using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Northview Residential REIT 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 Northview Residential
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 Northview Residential 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 Northview Residential will appreciate offsetting losses from the drop in the long position's value.Moving against Northview Stock
| 0.86 | JPM | JPMorgan Chase | PairCorr |
| 0.86 | BOFA | Bank of America | PairCorr |
| 0.84 | RY-PM | Royal Bank | PairCorr |
| 0.81 | RY-PS | Royal Bank | PairCorr |
| 0.79 | RY-PJ | Royal Bank | PairCorr |
The ability to find closely correlated positions to Northview Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northview Residential 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 Northview Residential - 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 Northview Residential REIT to buy it.
The correlation of Northview Residential 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 Northview Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northview Residential 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 Northview Residential 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.Other Information on Investing in Northview Stock
Northview Residential financial ratios help investors to determine whether Northview Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Northview with respect to the benefits of owning Northview Residential security.