Nuveen Arizona Competition

NAZ Fund

USD 12.07 0.06 0.50%

Nuveen Arizona Quality competes with Nuveen New, Eaton Vance, Blackstone Gso, John Hancock, and Credit Suisse; as well as few others. The fund is not categorized under any group at the present time. Analyzing Nuveen Arizona 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 Arizona to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Nuveen Arizona Correlation with its peers.

Nuveen Arizona vs Carlyle Credit Correlation

Excellent diversification

The correlation between Nuveen Arizona Quality and CCIF is -0.65 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Arizona Quality and CCIF in the same portfolio, assuming nothing else is changed.

Moving together with Nuveen Fund

0.85	NCZ	Allianzgi Convertible	Pair Corr
0.87	NYM	AB Active ETFs	Pair Corr
0.86	KF	Korea Closed	Pair Corr

Moving against Nuveen Fund

0.76

RCS

Pimco Strategic Income

Pair Corr

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Hype

Prediction

Low	Estimated	High
11.65	12.07	12.49

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Intrinsic

Valuation

Low	Real	High
11.60	12.02	12.44

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Naive

Forecast

Low	Next	High
11.71	12.13	12.56

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
10.73	12.01	13.30

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nuveen Arizona. Your research has to be compared to or analyzed against Nuveen Arizona's peers to derive any actionable benefits. When done correctly, Nuveen Arizona's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nuveen Arizona Quality.

Nuveen Arizona Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nuveen Arizona 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 Arizona Quality does not affect the price movement of the other competitor.

	NNY	EVG	BGX	HEQ	CIK	WEA	FSAZX	MCN	EDF	CCIF
NNY		0.33	0.04	0.55	0.6	0.54	0.47	0.64	0.45	-0.35	NNY
EVG	0.33		-0.46	0.8	0.39	0.79	0.85	0.77	0.82	-0.59	EVG
BGX	0.04	-0.46		-0.53	0.26	-0.19	-0.63	-0.35	-0.66	0.8	BGX
HEQ	0.55	0.8	-0.53		0.55	0.75	0.93	0.93	0.9	-0.77	HEQ
CIK	0.6	0.39	0.26	0.55		0.7	0.42	0.67	0.37	-0.12	CIK
WEA	0.54	0.79	-0.19	0.75	0.7		0.79	0.82	0.71	-0.42	WEA
FSAZX	0.47	0.85	-0.63	0.93	0.42	0.79		0.89	0.93	-0.81	FSAZX
MCN	0.64	0.77	-0.35	0.93	0.67	0.82	0.89		0.86	-0.67	MCN
EDF	0.45	0.82	-0.66	0.9	0.37	0.71	0.93	0.86		-0.82	EDF
CCIF	-0.35	-0.59	0.8	-0.77	-0.12	-0.42	-0.81	-0.67	-0.82		CCIF
	NNY	EVG	BGX	HEQ	CIK	WEA	FSAZX	MCN	EDF	CCIF

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High positive correlations

FSAZX	+ 0.93	HEQ
MCN	+ 0.93	HEQ
EDF	+ 0.93	FSAZX
EDF	+ 0.9	HEQ
MCN	+ 0.89	FSAZX
EDF	+ 0.86	MCN

High negative correlations

CCIF	- 0.82	EDF
CCIF	- 0.81	FSAZX
CCIF	- 0.77	HEQ
CCIF	- 0.67	MCN
EDF	- 0.66	BGX
FSAZX	- 0.63	BGX

Risk-Adjusted Indicators

There is a big difference between Nuveen Fund performing well and Nuveen Arizona 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 Arizona's 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
NNY	0.45	0.04	(0.04)	0.49	0.44	(0.54)	0.94	(0.93)	3.80
EVG	0.28	0.00	(0.16)	0.07	0.34	(0.32)	0.47	(0.55)	1.66
BGX	0.35	(0.08)	0.00	(0.25)	0.00	0.00	0.70	(0.79)	2.21
HEQ	0.37	0.09	0.09	0.31	0.17	(0.43)	0.95	(0.56)	2.03
CIK	0.41	(0.02)	(0.11)	(0.01)	0.47	(0.63)	1.09	(0.73)	2.20
WEA	0.39	0.00	(0.14)	0.11	0.39	(0.46)	1.00	(0.63)	2.30
FSAZX	0.07	0.00	(0.29)	0.00	0.00	(0.13)	0.17	(0.09)	0.60
MCN	0.55	0.10	0.05	1.53	0.57	(0.64)	1.21	(1.34)	3.36
EDF	0.65	0.11	0.05	0.94	0.70	(0.72)	1.26	(1.06)	4.43
CCIF	1.62	(0.43)	0.00	(5.04)	0.00	0.00	2.70	(3.66)	14.27

Nuveen Arizona Competitive Analysis

The better you understand Nuveen Arizona competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nuveen Arizona's 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 Arizona's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	NAZ	NNY	EVG	BGX	HEQ	CIK	WEA	FSAZX	MCN	EDF
	0.50 12.07 Nuveen	1.05 8.69 Nuveen	0.27 10.91 Eaton	0.54 11.07 Blackstone	0.96 11.53 John	0.72 2.75 Credit	0.27 11.03 Western	0.09 11.71 Fidelity	0.16 6.12 Madison	1.90 5.15 Stone
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Not too volatile	Very steady	Very steady	Very steady	Not too volatile
Market Performance (90 Days Performance)	Fair	Fair	Soft	Weakest	Solid	Soft	Mild	Solid	Solid	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Small	Low	Average	Small	Low	Small	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued	Over Valued	Under 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	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Hold	Hold	Cautious Hold	Hold	Strong Buy	Hold	Cautious Hold	Strong Sell	Hold	Hold
Net Asset	N/A	N/A	N/A	N/A	N/A	N/A	N/A	124.04 M	N/A	N/A
Price To Book	0.94	0.83	0.84	N/A	N/A	0.8	0.7	N/A	1.04	N/A
Five Year Return	-0.31	0.73	4.9	4.15	8.74	4.12	2.05	0.85	8.54	7.89
One Year Return	5.4	3.78	9.88	2.41	15.6	0.39	10.93	5.16	12.33	24.77
Last Dividend Paid	0.49	0.31	1.05	0.94	1.16	0.27	0.79	0.02	0.72	0.72
Price To Earning	398.0	77.04	8.79	8.15	8.71	13.37	10.73	N/A	16.03	45.0
Beta	0.33	0.19	0.4	0.48	0.74	0.62	0.62	N/A	0.84	0.84
Price To Sales	14.61	26.51	13.29	N/A	N/A	10.38	9.94	N/A	65.9	N/A
Cash Position Weight	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.38	N/A	N/A
Three Year Return	4.0	3.87	10.41	8.05	11.5	8.61	8.26	3.62	7.59	23.3
Annual Yield	0.0047	0.0049	0.0056	0.0052	0.0181	0.0143	0.0069	0.0263	0.02	0.0072
Year To Date Return	2.42	1.35	1.24	0.31	5.33	0.35	1.92	1.28	3.57	5.08
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	N/A	N/A	98.62	N/A	N/A
Ten Year Return	N/A	N/A	N/A	N/A	N/A	N/A	N/A	4.09	N/A	N/A
Day Typical Price	12.07	8.69	10.95	11.11	11.5	2.75	11.04	11.71	6.12	5.18
Accumulation Distribution	39.45	1638.39	588.25	3612.24	431.16	7482.83	50.1	N/A	0.0114	6721.57
Market Facilitation Index	0.0	0.0	0.0	N/A	0.0	N/A	0.0	N/A	0.07	N/A
Daily Balance Of Power	2.0	0.5	(0.27)	(0.43)	0.9167	(0.50)	(0.75)	9.2 T	(0.14)	(0.77)
Period Momentum Indicator	0.06	0.09	(0.03)	(0.06)	0.11	(0.02)	(0.03)	0.01	(0.01)	(0.10)
Rate Of Daily Change	1.0	1.01	1.0	0.99	1.01	0.99	1.0	1.0	1.0	0.98
Day Median Price	12.07	8.69	10.97	11.13	11.48	2.75	11.05	11.71	6.12	5.2
Price Action Indicator	0.035	0.045	(0.07)	(0.09)	0.1	(0.01)	(0.04)	0.005	N/A	(0.1)
Relative Strength Index	59.36	59.5	59.63	33.22	63.45	36.44	43.32	77.05	58.17	63.22
Coefficient Of Variation	788.2	1068.89	2340.43	(889.59)	386.26	7897.54	2367.9	374.72	634.56	664.72
Mean Deviation	0.3779	0.4477	0.2846	0.3453	0.3725	0.4131	0.3901	0.0707	0.553	0.6524
Jensen Alpha	0.0457	0.0418	3.0E-4	(0.08)	0.0898	(0.02)	0.0035	N/A	0.1009	0.1073
Total Risk Alpha	0.0059	(0.01)	(0.03)	(0.10)	0.0709	(0.05)	(0.03)	0.008	0.0378	0.0385
Sortino Ratio	(0.05)	(0.04)	(0.16)	N/A	0.0931	(0.11)	(0.14)	(0.29)	0.0481	0.0525
Downside Variance	0.2112	0.3234	0.1619	N/A	0.2364	0.4653	0.1973	0.033	0.538	0.7521
Standard Deviation	0.4622	0.6285	0.3756	0.4461	0.4859	0.5563	0.4858	0.103	0.7346	0.8377
Kurtosis	(0.39)	3.65	1.34	0.7344	0.3549	(0.13)	(0.16)	3.68	0.424	0.7599
Potential Upside	0.7647	0.9357	0.4664	0.6957	0.9452	1.09	0.9955	0.1739	1.21	1.26
Treynor Ratio	1.17	0.4914	0.074	(0.25)	0.3143	(0.01)	0.1053	N/A	1.53	0.9357
Maximum Drawdown	2.14	3.8	1.66	2.21	2.03	2.2	2.3	0.6049	3.36	4.43
Variance	0.2136	0.395	0.1411	0.199	0.2361	0.3094	0.236	0.0106	0.5396	0.7018
Market Risk Adjusted Performance	1.18	0.5014	0.084	(0.24)	0.3243	(0)	0.1153	N/A	1.54	0.9457
Risk Adjusted Performance	0.0902	0.0692	0.0223	(0.09)	0.1917	0.0059	0.0265	0.1394	0.1198	0.1156
Skewness	0.0773	1.05	(0.26)	0.5545	0.2719	(0.01)	0.4503	(0.14)	0.0948	0.1057
Semi Deviation	0.3333	0.4431	0.3418	N/A	0.1705	0.4691	0.3858	0.0	0.5734	0.7014
Information Ratio	(0.05)	(0.03)	(0.17)	(0.29)	0.0932	(0.13)	(0.12)	(0.52)	0.048	0.0543
Value At Risk	(0.76)	(0.93)	(0.55)	(0.79)	(0.56)	(0.73)	(0.63)	(0.09)	(1.34)	(1.06)
Expected Short fall	(0.44)	(0.54)	(0.32)	N/A	(0.43)	(0.63)	(0.46)	(0.13)	(0.64)	(0.72)
Downside Deviation	0.4595	0.5687	0.4024	N/A	0.4863	0.6821	0.4442	0.1817	0.7335	0.8672
Semi Variance	0.1111	0.1963	0.1168	N/A	0.0291	0.22	0.1488	(0.02)	0.3287	0.492

Nuveen Arizona Competition Performance Charts

Five steps to successful analysis of Nuveen Arizona Competition

Nuveen Arizona's 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 Arizona Quality in relation to its competition. Nuveen Arizona's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Nuveen Arizona 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 Arizona's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nuveen Arizona Quality, 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.

Complement your Nuveen Arizona position

In addition to having Nuveen Arizona in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Agriculture ETFs theme has 11 constituents at this time.

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Other Information on Investing in Nuveen Fund

Nuveen Arizona financial ratios help investors to determine whether Nuveen 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 Arizona security.

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Nuveen Arizona Competition

Nuveen Arizona vs Carlyle Credit Correlation

Excellent diversification

Moving together with Nuveen Fund

Moving against Nuveen Fund

Specify up to 10 symbols:

Nuveen Arizona Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

Nuveen Arizona Competitive Analysis

Nuveen Arizona Competition Performance Charts

Five steps to successful analysis of Nuveen Arizona Competition

Complement your Nuveen Arizona position

Did You Try This Idea?

Run Agriculture ETFs Thematic Idea Now

Agriculture ETFs

Other Information on Investing in Nuveen Fund

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