Nuveen California Competition

NCHAX Fund

USD 7.89 0.01 0.13%

Nuveen California High competes with T Rowe, Adams Diversified, Huber Capital, Blackrock, and Small Cap; as well as few others. The fund is listed under Muni California Long category and is part of Nuveen family. Analyzing Nuveen California 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 California to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Nuveen California Correlation with its peers.

Nuveen California vs Delaware Limited Correlation

Very poor diversification

The correlation between Nuveen California High and DTICX is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen California High and DTICX in the same portfolio, assuming nothing else is changed.

Moving together with Nuveen Mutual Fund

0.81	TEMRX	Tiaa Cref Emerging	Pair Corr
0.81	TEQLX	Tiaa Cref Emerging	Pair Corr
0.69	EMGRX	Nuveen Small Cap	Pair Corr
0.82	FREAX	Nuveen Real Estate	Pair Corr
0.84	FREGX	Nuveen Real Estate	Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
7.73	7.89	8.05

Details

Intrinsic

Valuation

Low	Real	High
7.09	7.25	8.68

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nuveen California. Your research has to be compared to or analyzed against Nuveen California's peers to derive any actionable benefits. When done correctly, Nuveen California'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 California High.

Nuveen California Competition Correlation Matrix

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

	PASVX	ADX	HUDEX	MDSKX	USCAX	MDBLX	DTICX
PASVX		0.66	0.91	0.94	0.99	0.79	0.86	PASVX
ADX	0.66		0.7	0.71	0.67	0.75	0.68	ADX
HUDEX	0.91	0.7		0.9	0.92	0.82	0.85	HUDEX
MDSKX	0.94	0.71	0.9		0.95	0.88	0.84	MDSKX
USCAX	0.99	0.67	0.92	0.95		0.8	0.87	USCAX
MDBLX	0.79	0.75	0.82	0.88	0.8		0.83	MDBLX
DTICX	0.86	0.68	0.85	0.84	0.87	0.83		DTICX
	PASVX	ADX	HUDEX	MDSKX	USCAX	MDBLX	DTICX

Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen California 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 California'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
PASVX	0.99	0.25	0.30	0.27	0.47	(1.21)	2.39	(1.48)	14.45
ADX	0.68	0.02	(0.02)	0.12	0.72	(0.71)	1.51	(1.18)	3.09
HUDEX	0.58	0.10	0.00	(0.92)	0.63	(0.64)	1.35	(1.24)	3.95
MDSKX	0.95	0.08	0.08	0.16	1.02	(1.01)	2.00	(1.82)	4.61
USCAX	0.89	0.20	0.19	0.29	0.63	(1.09)	2.13	(1.87)	7.96
MDBLX	0.12	0.00	(0.40)	0.11	0.07	(0.16)	0.24	(0.24)	0.59
DTICX	0.06	0.00	(0.65)	0.04	0.00	(0.16)	0.13	(0.13)	0.38

Nuveen California Competitive Analysis

The better you understand Nuveen California competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nuveen California'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 California'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

	NCHAX	PASVX	ADX	HUDEX	MDSKX	USCAX	MDBLX	DTICX
	0.13 7.89 Nuveen	0.27 56.07 PASVX	0.65 23.25 Adams	2.76 27.15 Huber	0.70 28.96 Blackrock	0.28 14.47 Small	0.24 8.48 Massmutual	0.13 7.93 Delaware
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)	Good	Good	Mild	Fair	Good	Solid	Fair	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Under Valued	Fairly Valued	Over Valued	Under Valued	Under Valued	Fairly Valued	Over 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)	Strong Sell	Strong Buy	Strong Hold	Strong Sell	Strong Buy	Strong Buy	Cautious Hold	Strong Sell
Net Asset	966.23 M	10.76 B	N/A	5.02 M	3.18 B	827.5 M	207.76 M	651.49 M
Price To Book	9.12 X	1.72 X	0.77 X	1.39 X	1.83 X	1.87 X	N/A	N/A
Five Year Return	(1.38) %	7.71 %	13.35 %	12.34 %	5.84 %	4.73 %	0.45 %	1.10 %
One Year Return	2.86 %	13.08 %	15.46 %	10.52 %	17.22 %	11.00 %	8.86 %	3.92 %
Last Dividend Paid	0.03	N/A	0.2	0.27	0.02	N/A	0.42	0.01
Price To Earning	9.25 X	20.87 X	4.93 X	14.06 X	19.77 X	20.73 X	N/A	N/A
Beta	N/A	N/A	0.96	N/A	N/A	N/A	N/A	N/A
Price To Sales	1.15 X	1.28 X	50.73 X	1.19 X	1.09 X	0.88 X	N/A	N/A
Cash Position Weight	0.02 %	2.82 %	N/A	1.46 %	0.68 %	1.59 %	7.82 %	1.25 %
Equity Positions Weight	0.11 %	97.18 %	N/A	98.54 %	99.32 %	98.41 %	N/A	N/A
Three Year Return	2.46 %	9.71 %	20.46 %	14.71 %	12.82 %	9.02 %	5.19 %	3.72 %
Annual Yield	0 %	0 %	0 %	0.01 %	0.01 %	0 %	0.04 %	0.03 %
Year To Date Return	0.98 %	7.16 %	1.46 %	3.43 %	6.92 %	4.54 %	0.66 %	2.14 %
Bond Positions Weight	11.52 %	N/A	N/A	N/A	N/A	N/A	15.06 %	17.18 %
Ten Year Return	6.65 %	8.37 %	N/A	N/A	8.93 %	8.66 %	3.86 %	0.90 %
Day Typical Price	7.89	56.07	23.18	27.15	28.96	14.47	8.48	7.93
Accumulation Distribution	N/A	N/A	2349.99	N/A	N/A	N/A	N/A	N/A
Daily Balance Of Power	9.2 T	9.2 T	0.5357	9.2 T	9.2 T	9.2 T	9.2 T	0
Period Momentum Indicator	0.01	0.15	0.15	0.73	0.2	0.04	0.02	(0.01)
Rate Of Daily Change	1.0	1.0	1.01	1.03	1.01	1.0	1.0	1.0
Day Median Price	7.89	56.07	23.14	27.15	28.96	14.47	8.48	7.93
Price Action Indicator	0.005	0.075	0.18	0.36	0.1	0.02	0.01	(0.01)
Coefficient Of Variation	617.16	490.23	1102.93	789.27	625.72	440.78	1070.43	762.9
Mean Deviation	0.1068	0.9908	0.6759	0.5773	0.9527	0.8893	0.1212	0.0569
Jensen Alpha	0.0148	0.2515	0.0185	0.0992	0.0849	0.1956	9.0E-4	(0)
Total Risk Alpha	(0)	0.1664	(0.03)	0.0031	0.0506	0.141	(0.01)	(0.01)
Sortino Ratio	(0.35)	0.3006	(0.02)	0.0028	0.0765	0.186	(0.40)	(0.65)
Downside Variance	0.0441	0.899	0.7382	0.6061	1.59	1.1	0.0429	0.0178
Standard Deviation	0.1561	1.88	0.8494	0.7934	1.22	1.29	0.155	0.0881
Kurtosis	3.56	31.06	(0.43)	2.21	0.2005	5.41	(0.14)	1.22
Potential Upside	0.2554	2.39	1.51	1.35	2.0	2.13	0.2372	0.1272
Treynor Ratio	2.51	0.2706	0.1219	(0.92)	0.1633	0.2851	0.1101	0.0402
Maximum Drawdown	1.02	14.45	3.09	3.95	4.61	7.96	0.595	0.3796
Variance	0.0244	3.53	0.7215	0.6294	1.49	1.67	0.024	0.0078
Market Risk Adjusted Performance	2.52	0.2806	0.1319	(0.91)	0.1733	0.2951	0.1201	0.0502
Risk Adjusted Performance	0.0886	0.1693	0.0733	0.1015	0.1316	0.1858	0.0332	0.0241
Skewness	0.3056	4.71	0.0385	0.0425	0.0248	1.43	(0.49)	0.7217
Semi Deviation	0.0	0.4702	0.7244	0.6295	1.02	0.6259	0.074	0.0
Information Ratio	(0.47)	0.1517	(0.03)	0.0028	0.0792	0.1508	(0.54)	(0.99)
Value At Risk	(0.13)	(1.48)	(1.18)	(1.24)	(1.82)	(1.87)	(0.24)	(0.13)
Expected Short fall	(0.18)	(1.21)	(0.71)	(0.64)	(1.01)	(1.09)	(0.16)	(0.16)
Downside Deviation	0.21	0.9481	0.8592	0.7785	1.26	1.05	0.2072	0.1334
Semi Variance	(0.01)	0.2211	0.5248	0.3962	1.03	0.3918	0.0055	(0.01)

Nuveen California Competition Performance Charts

Five steps to successful analysis of Nuveen California Competition

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

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

In addition to having Nuveen California 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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Other Information on Investing in Nuveen Mutual Fund

Nuveen California 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 California security.

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