Nuveen Kansas Competition

FRKSX Fund

USD 10.16 0.01 0.1%

Nuveen Kansas Municipal competes with Ab Bond, The Hartford, Ab Bond, Aqr Managed, and Western Asset; as well as few others. The fund is listed under Muni Single State Long category and is part of Nuveen family. Analyzing Nuveen Kansas competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Nuveen Kansas to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Nuveen Kansas Correlation with its peers.

Nuveen Kansas vs Western Asset Correlation

Weak diversification

The correlation between Nuveen Kansas Municipal and WAFAX is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Kansas Municipal and WAFAX in the same portfolio, assuming nothing else is changed.

Moving together with Nuveen Mutual Fund

0.69	TEMRX	Tiaa Cref Emerging	Pair Corr
0.7	TEQLX	Tiaa Cref Emerging	Pair Corr
0.65	FREAX	Nuveen Real Estate	Pair Corr
0.68	FREGX	Nuveen Real Estate	Pair Corr

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Kansas' 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.

Hype

Prediction

Low	Estimated	High
10.09	10.19	10.29

Details

Intrinsic

Valuation

Low	Real	High
10.05	10.15	10.25

Details

Nuveen Kansas Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nuveen Kansas and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Nuveen and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Nuveen Kansas Municipal does not affect the price movement of the other competitor.

	FODVX	ABNOX	HIPAX	QCILIX	ABNTX	QMHIX	WAFAX
FODVX		0.64	0.72	0.65	0.66	0.4	0.76	FODVX
ABNOX	0.64		0.83	0.89	0.98	0.82	0.52	ABNOX
HIPAX	0.72	0.83		0.92	0.83	0.71	0.81	HIPAX
QCILIX	0.65	0.89	0.92		0.89	0.71	0.74	QCILIX
ABNTX	0.66	0.98	0.83	0.89		0.82	0.53	ABNTX
QMHIX	0.4	0.82	0.71	0.71	0.82		0.27	QMHIX
WAFAX	0.76	0.52	0.81	0.74	0.53	0.27		WAFAX
	FODVX	ABNOX	HIPAX	QCILIX	ABNTX	QMHIX	WAFAX

Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Kansas Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Nuveen Kansas' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FODVX	0.13	(0.01)	(0.50)	(0.03)	0.10	(0.18)	0.28	(0.19)	0.75
ABNOX	0.07	0.00	(0.81)	0.23	0.00	(0.11)	0.19	(0.10)	0.39
HIPAX	0.11	0.00	(0.59)	0.17	0.00	(0.14)	0.20	(0.19)	0.58
QCILIX	0.09	0.00	(0.69)	0.17	0.00	(0.10)	0.21	(0.16)	0.46
ABNTX	0.08	0.00	(0.73)	(0.06)	0.00	(0.11)	0.10	(0.19)	0.39
QMHIX	0.71	0.11	0.05	0.35	0.79	(0.77)	1.42	(1.32)	4.87
WAFAX	0.14	0.00	(0.44)	0.06	0.09	(0.18)	0.32	(0.21)	0.74

Nuveen Kansas Competitive Analysis

The better you understand Nuveen Kansas competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nuveen Kansas' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Nuveen Kansas' competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	FRKSX	FODVX	ABNOX	HIPAX	QCILIX	ABNTX	QMHIX	WAFAX
	0.1 10.16 Nuveen	0.19 10.75 Oklahoma	0.1 10.33 ABNOX	0.1 10.35 The	0.12 91.71 Cref	0.19 10.32 ABNTX	0.74 10.78 Aqr	0.21 9.46 Western
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Mild	Fair	Fair	Fair	Good	Good	Soft
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Fair	Low	Low	Fair	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Over Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Hold	Cautious Hold	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Hold	Cautious Hold
Net Asset	235.78 M	N/A	625.25 M	356.83 M	N/A	625.25 M	1.03 B	40.28 M
Minimum Initial Investment	100 K	N/A	N/A	2 K	N/A	5 M	N/A	N/A
Price To Book	N/A	N/A	N/A	N/A	N/A	N/A	1.98 X	N/A
Five Year Return	1.20 %	N/A	2.28 %	1.93 %	N/A	2.40 %	15.94 %	0.13 %
One Year Return	4.68 %	N/A	5.94 %	7.35 %	N/A	6.04 %	28.16 %	5.44 %
Last Dividend Paid	0.02	N/A	0.06	0.18	N/A	0.06	0.66	0.18
Price To Earning	N/A	N/A	N/A	N/A	N/A	N/A	16.90 X	N/A
Price To Sales	N/A	N/A	N/A	N/A	N/A	N/A	1.51 X	N/A
Cash Position Weight	1.04 %	N/A	20.73 %	2.13 %	N/A	42.81 %	(522.08) %	1.03 %
Equity Positions Weight	1.47 %	N/A	0.02 %	N/A	N/A	N/A	(0.27) %	N/A
Three Year Return	3.01 %	N/A	4.91 %	4.42 %	N/A	5.02 %	14.89 %	2.45 %
Annual Yield	0.03 %	N/A	0.04 %	0.04 %	N/A	0.04 %	0.02 %	0.04 %
Year To Date Return	1.05 %	N/A	0.49 %	0.88 %	N/A	0.58 %	9.24 %	0.43 %
Bond Positions Weight	97.49 %	N/A	3.86 %	95.00 %	N/A	53.01 %	8.42 %	5.07 %
Ten Year Return	3.95 %	N/A	2.82 %	2.40 %	N/A	2.91 %	N/A	2.62 %
Daily Balance Of Power	0	0	0	9.2 T	9.2 T	0	0	9.2 T
Day Typical Price	10.16	10.75	10.33	10.35	91.71	10.32	10.78	9.46
Period Momentum Indicator	(0.01)	(0.02)	(0.01)	0.01	0.11	(0.02)	(0.08)	0.02
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	0.99	1.0
Day Median Price	10.16	10.75	10.33	10.35	91.71	10.32	10.78	9.46
Price Action Indicator	(0.01)	(0.01)	(0.01)	0.005	0.055	(0.01)	(0.04)	0.01
Coefficient Of Variation	438.11	1938.79	904.34	744.63	628.92	1081.47	592.54	1175.74
Mean Deviation	0.0621	0.1271	0.075	0.1108	0.0906	0.0758	0.7106	0.1365
Jensen Alpha	0.012	(0.01)	2.0E-4	0.0036	0.0034	(0)	0.1063	(0)
Total Risk Alpha	0.001	(0.02)	(0.01)	(0.01)	(0.01)	(0.01)	0.0367	(0.02)
Sortino Ratio	N/A	(0.50)	(0.81)	(0.59)	(0.69)	(0.73)	0.048	(0.44)
Downside Variance	N/A	0.0361	0.0131	0.0211	0.0152	0.0166	1.15	0.0414
Standard Deviation	0.0999	0.1671	0.0936	0.1322	0.1122	0.096	0.9177	0.172
Kurtosis	5.82	(0.02)	(0.62)	(0.65)	(0.66)	(0.47)	0.6761	(0.37)
Potential Upside	0.0998	0.2817	0.194	0.1955	0.2094	0.0976	1.42	0.3195
Treynor Ratio	1.54	(0.03)	0.2305	0.1724	0.1652	(0.06)	0.351	0.0634
Maximum Drawdown	0.5973	0.7487	0.3889	0.5839	0.4617	0.3895	4.87	0.7443
Variance	0.01	0.0279	0.0088	0.0175	0.0126	0.0092	0.8422	0.0296
Market Risk Adjusted Performance	1.55	(0.02)	0.2405	0.1824	0.1752	(0.05)	0.361	0.0734
Risk Adjusted Performance	0.1116	0.0034	0.0129	0.0565	0.0654	8.0E-4	0.1351	0.0313
Skewness	0.2315	0.1291	(0)	(0.07)	0.0242	(0.28)	(0.49)	(0.15)
Semi Deviation	N/A	0.1027	0.0	0.0	0.0	0.0	0.7888	0.0888
Information Ratio	(0.81)	(0.57)	(0.99)	(0.65)	(0.76)	(0.98)	0.0561	(0.52)
Value At Risk	(0.1)	(0.19)	(0.1)	(0.19)	(0.16)	(0.19)	(1.32)	(0.21)
Expected Short fall	N/A	(0.18)	(0.11)	(0.14)	(0.1)	(0.11)	(0.77)	(0.18)
Downside Deviation	N/A	0.19	0.1144	0.1452	0.1232	0.129	1.07	0.2035
Semi Variance	N/A	0.0105	(0)	(0.01)	(0.01)	(0)	0.6222	0.0079

Nuveen Kansas Competition Performance Charts

Five steps to successful analysis of Nuveen Kansas Competition

Nuveen Kansas' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Nuveen Kansas Municipal in relation to its competition. Nuveen Kansas' competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Nuveen Kansas in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Nuveen Kansas' competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nuveen Kansas Municipal, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Information on Investing in Nuveen Mutual Fund

Nuveen Kansas financial ratios help investors to determine whether Nuveen Mutual Fund 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 Nuveen with respect to the benefits of owning Nuveen Kansas security.

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