NRZ New Residential stock Story

NRZ -  USA Stock  

USD 10.39  0.26  2.44%

While some millenniums are indifferent towards real estate space, it makes sense to break down New Residential Investment in terms of its current potentials. As we have suggested previously, New Residential is beginning its slide as investors shift to be more bearish due to the increased sector volatility. New Residential Inve follows the market closely. The returns on the market and returns on New Residential appear slightly correlated for the last few months. Strong basic indicators of the company may suggest signs of short-term price drift for investors. New Residential Inve is scheduled to announce its earnings today. The next earnings report is expected on the 4th of February 2021.
Published over six months ago
View all stories for New Residential | View All Stories
Will New Residential (NYSE:NRZ) continue to slide in November?
The company's average rating is Buy from 6 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on New Residential market sentiment investors' perception of the future value of New Residential. Let us look at a few aspects of New Residential technical analysis. About 51.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.76. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. New Residential Inve recorded a loss per share of 2.83. The entity last dividend was issued on the 2nd of October 2020. The firm had 1:2 split on the 20th of October 2014.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of New Residential Investment. In general, we focus on analyzing New Residential stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build New Residential's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of New Residential's intrinsic value. In addition to deriving basic predictive indicators for New Residential, we also check how macroeconomic factors affect New Residential price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of New Residential's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of New Residential in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as New Residential. Your research has to be compared to or analyzed against New Residential's peers to derive any actionable benefits. When done correctly, New Residential's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in New Residential Inve.

How does NRZ New Residential Stands against Peers?

Analyzing New Residential competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to New Residential across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out New Residential Competition Details

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
It is good to see analyst projects for New Residential, but it might be worth checking our own buy vs. sell analysis

New Residential exotic insider transaction detected

Legal trades by New Residential insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
New Residential insider trading alert for general transaction of common stock by Andrew Sloves, the corporate stakeholder, on 1st of June 2021. This event was filed by New Residential Investmen with SEC on 2021-06-01. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Closer look at New Residential Semi Variance

New Residential Investment has current Semi Variance of 3.36. Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level.

Semi-variance is the square of semi-deviation. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.

Semi Variance 
 = 
SUM(RET DEV)2 
N(ZERO) 
 = 
3.36
SUM = Summation notation
RET DEV = Actual return deviation over selected period
N(ZERO) = Number of points with returns less than zero
Let's now compare New Residential Semi Variance to its closest peers:
NRZ
DX
EARN
ABR
NRZ3.3621255285486873
DX1.36
EARN1.95
ABR2.77

Breaking up New Residential current price slide

Current Sortino Ratio is up to 0.05. Price may slide again. New Residential Investment has relatively low volatility with skewness of 0.88 and kurtosis of 2.03. However, we advise all investors to independently investigate New Residential Investment to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns.

Our Final Take On New Residential

While other entities within the reit—mortgage industry are still a little expensive, even after the recent corrections, New Residential may offer a potential longer-term growth to investors. With an impartial outlook on the current market volatility, it may be better to hold off any inventment activity and neither acquire nor exit any shares of New Residential at this time. The New Residential Investment risk-reward trade off is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to New Residential.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of New Residential Investment. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com