Nuveen Symphony Competition

Mutual Funds . USA . 
Fund . Nuveen Symphony Credit
NCOIX Fund  USD 17.97  0.01  0.06%   
Nuveen Symphony Credit competes with Hartford Balanced, Hartford Balanced, The Hartford, The Hartford, and Invesco Value; as well as few others. The fund is listed under High Yield Bond category and is part of Nuveen family. Analyzing Nuveen Symphony 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 Symphony to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Nuveen Symphony Correlation with its peers.

Nuveen Symphony vs Dreyfus Intermediate Correlation

Very poor diversification

The correlation between Nuveen Symphony Credit and DITEX is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Symphony Credit and DITEX in the same portfolio, assuming nothing else is changed.

Moving together with Nuveen Mutual Fund

  0.98AHTCX American High IncomePairCorr
  0.98BHYCX Blackrock Hi YldPairCorr
  0.99BHYIX Blackrock High YieldPairCorr
  0.99BHYSX Blackrock Hi YldPairCorr
  0.99BHYAX Blackrock High YieldPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
17.7817.9718.16
Details
Intrinsic
Valuation
LowRealHigh
16.3016.4919.77
Details
Naive
Forecast
LowNextHigh
17.7617.9518.14
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.7617.9118.06
Details

Nuveen Symphony Competition Correlation Matrix

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

High positive correlations

ITTAX
+ 1.0
ITTIX
IHAYX
+ 1.0
ITTIX
HAFCX
+ 1.0
ITTIX
IHAYX
+ 1.0
ITTAX
HAFCX
+ 1.0
ITTAX
HAFCX
+ 1.0
IHAYX
  

High negative correlations

MVALX
- 0.05
IIM
RSIVX
- 0.03
IIM
CSVAX
- 0.01
IIM

Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Symphony 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 Symphony'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ITTIX  0.22  0.02 (0.13) 0.37  0.21 
(0.26)
 0.46 
(0.41)
 1.35 
ITTAX  0.22  0.02 (0.13) 0.55  0.25 
(0.25)
 0.46 
(0.46)
 1.40 
IHAYX  0.22  0.02 (0.13) 0.41  0.21 
(0.26)
 0.45 
(0.45)
 1.37 
HAFCX  0.22  0.02 (0.14) 0.44  0.25 
(0.24)
 0.46 
(0.45)
 1.38 
IIM  0.43 (0.03) 0.00  0.89  0.00 
 0.00 
 0.97 
(0.89)
 4.42 
BIT  0.31  0.03 (0.06) 0.16  0.25 
(0.35)
 0.63 
(0.55)
 1.88 
RSIVX  0.07  0.00 (0.30) 0.22  0.00 
(0.14)
 0.12 
(0.12)
 0.47 
MVALX  1.16  0.32  0.22  11.21  0.89 
(1.48)
 1.86 
(1.90)
 16.94 
CSVAX  0.57  0.17  0.14  14.84  0.47 
(0.64)
 1.26 
(1.14)
 3.21 
DITEX  0.06  0.01 (0.61) 0.55  0.00 
(0.12)
 0.23 
(0.08)
 0.47 

Nuveen Symphony Competitive Analysis

The better you understand Nuveen Symphony competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nuveen Symphony'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 Symphony'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
NCOIX ITTIX ITTAX IHAYX HAFCX IIM BIT RSIVX MVALX CSVAX
 0.06 
 17.97 
Nuveen
 0.05 
 20.22 
Hartford
 0.1 
 20.30 
Hartford
 0.1 
 20.75 
The
 0.05 
 20.49 
The
 0.16 
 12.17 
Invesco
 0.23 
 13.17 
Blackrock
 0.12 
 8.59 
Riverpark
 1.33 
 43.02 
Meridian
 0.58 
 24.41 
Columbia
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Somewhat reliable
Very steady
Market Performance
(90 Days Performance)
Good
Fair
Fair
Fair
Fair
Weakest
Mild
Fair
Good
Solid
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Average
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Under Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Strong Sell
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Cautious Hold
Cautious Hold
Cautious Hold
Cautious Hold
Cautious Hold
Hold
Strong Sell
Not Rated
Strong Buy
Current Ratio
N/A
N/A
N/A
N/A
N/A
1.21
N/A
N/A
N/A
N/A
Net Asset
707.6 M
566.79 M
566.79 M
566.79 M
566.79 M
909.67 M
949.25 M
249.68 M
602.1 M
614.26 M
Profit Margin
N/A
N/A
N/A
N/A
N/A
-0.61
N/A
N/A
N/A
N/A
EBITDA
N/A
N/A
N/A
N/A
N/A
21.42 M
63.96 M
N/A
N/A
N/A
Price To Book
N/A
N/A
2.31
2.29
2.31
1.01
0.96
N/A
2.52
2.24
Operating Margin
N/A
N/A
N/A
N/A
N/A
0.88
N/A
N/A
N/A
N/A
Current Valuation
N/A
N/A
N/A
N/A
N/A
876.1 M
N/A
N/A
N/A
N/A
Five Year Return
5.0
4.87
4.56
4.59
3.41
4.96
8.02
6.01
9.27
9.05
Retained Earnings
N/A
N/A
N/A
N/A
N/A
(42.95 M)
(64.73 M)
N/A
N/A
N/A
One Year Return
7.79
13.67
13.35
12.34
11.14
N/A
N/A
6.34
25.12
35.18
Beta
N/A
N/A
N/A
N/A
N/A
0.82
0.49
N/A
N/A
N/A
Cash Position Weight
5.37
5.57
2.03
0.52
0.52
N/A
N/A
17.51
2.62
3.58
Equity Positions Weight
0.4
35.78
29.0
30.9
30.9
N/A
N/A
15.29
97.38
95.91
Number Of Employees
1
1
1
1
1
37
N/A
1
1
1
Shares Outstanding
N/A
N/A
N/A
N/A
N/A
47.07 M
43.9 M
N/A
N/A
N/A
Three Year Return
9.1
9.38
9.07
9.26
7.93
N/A
N/A
7.9
13.76
15.34
Cash Flow From Operations
N/A
N/A
N/A
N/A
N/A
62.91 M
(30.72 M)
N/A
N/A
N/A
Annual Yield
0.0782
0.0663
0.0628
0.0646
0.0537
0.076
0.11
0.0694
0.0031
0.0253
Total Debt
N/A
N/A
N/A
N/A
N/A
86.9 M
347.48 M
N/A
N/A
N/A
Return On Equity
N/A
N/A
N/A
N/A
N/A
-0.0448
-4.92
N/A
N/A
N/A
Bond Positions Weight
93.61
46.95
6.12
6.04
6.04
N/A
N/A
59.98
N/A
N/A
Return On Asset
N/A
N/A
N/A
N/A
N/A
0.0261
N/A
N/A
N/A
N/A
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
90.03 K
45.73 K
N/A
N/A
N/A
Book Value Per Share
N/A
N/A
N/A
N/A
N/A
12.04
N/A
N/A
N/A
N/A
Minimum Initial Investment
100 K
2 K
N/A
N/A
N/A
N/A
N/A
1 K
1 K
N/A
Total Asset
639.13 M
45.41 M
451.44 M
2.58 M
14.02 M
909.67 M
949.25 M
18.88 M
592.04 M
101.93 M
Last Dividend Paid
0.09
0.06
0.06
0.06
0.04
0.93
N/A
0.03
0.94
0.12
Debt To Equity
N/A
N/A
N/A
N/A
N/A
0.62
N/A
N/A
N/A
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
0.56
0.13
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
18.04
41.46
N/A
N/A
N/A
Market Capitalization
N/A
N/A
N/A
N/A
N/A
572.82 M
578.22 M
N/A
N/A
N/A
Price To Earning
N/A
N/A
18.2
17.7
18.33
28.92
8.25
N/A
22.56
16.58
Price To Sales
N/A
N/A
2.29
2.22
2.34
12.93
9.68
N/A
1.64
1.56
Net Income
N/A
N/A
N/A
N/A
N/A
21.42 M
47.19 M
N/A
N/A
N/A
Earnings Per Share
N/A
N/A
N/A
N/A
N/A
-0.58
1.41
N/A
N/A
N/A
Year To Date Return
0.46
1.15
1.15
0.83
0.2
N/A
N/A
0.6
8.3
4.09
Revenue
N/A
N/A
N/A
N/A
N/A
44.15 M
56.36 M
N/A
N/A
N/A
Ten Year Return
5.99
8.05
7.65
8.08
6.89
N/A
N/A
N/A
10.64
5.36
Cash And Equivalents
N/A
N/A
N/A
N/A
N/A
3.47 M
N/A
N/A
N/A
N/A
Cash Per Share
N/A
N/A
N/A
N/A
N/A
0.07
N/A
N/A
N/A
N/A
Gross Profit
N/A
N/A
N/A
N/A
N/A
44.31 M
N/A
N/A
N/A
N/A
Day Typical Price
17.97
20.22
20.3
20.75
20.49
12.19
13.2
8.59
43.02
24.41
Accumulation Distribution
N/A
N/A
N/A
N/A
N/A
0.0041
0.006
N/A
N/A
N/A
Market Facilitation Index
N/A
N/A
N/A
N/A
N/A
0.05
0.08
N/A
N/A
N/A
Daily Balance Of Power
0
9.2 T
9.2 T
9.2 T
9.2 T
(0.40)
(0.38)
0
0
9.2 T
Period Momentum Indicator
(0.01)
0.01
0.02
0.02
0.01
(0.02)
(0.03)
(0.01)
(0.58)
0.14
Rate Of Daily Change
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
0.99
1.01
Day Median Price
17.97
20.22
20.3
20.75
20.49
12.2
13.21
8.59
43.02
24.41
Price Action Indicator
(0.01)
0.005
0.01
0.01
0.005
(0.04)
(0.06)
(0.01)
(0.29)
0.07
Relative Strength Index
66.01
60.86
60.24
60.96
59.52
44.64
58.12
65.37
67.07
69.66
Coefficient Of Variation
590.44
882.68
929.2
862.62
1039.57
(2,639)
679.35
735.87
666.09
404.67
Mean Deviation
0.1192
0.2175
0.225
0.2199
0.2211
0.4327
0.3054
0.074
1.16
0.5675
Jensen Alpha
0.02
0.0184
0.019
0.0195
0.0154
(0.03)
0.0263
0.0035
0.3241
0.1669
Total Risk Alpha
0.0043
(0)
(0.01)
(0)
(0.01)
(0.09)
0.0109
(0.01)
0.1171
0.1006
Sortino Ratio
(0.34)
(0.13)
(0.13)
(0.13)
(0.14)
N/A
(0.06)
(0.30)
0.2187
0.1381
Downside Variance
0.0185
0.1293
0.1349
0.129
0.1317
N/A
0.1485
0.0429
1.39
0.5178
Standard Deviation
0.1884
0.2881
0.2948
0.2881
0.2933
0.6407
0.3873
0.1115
2.24
0.7191
Kurtosis
6.19
0.7121
0.5775
0.553
0.529
5.64
0.0974
5.14
33.57
(0.23)
Potential Upside
0.3409
0.4587
0.4589
0.4491
0.4562
0.9724
0.6255
0.1182
1.86
1.26
Treynor Ratio
0.7822
0.3669
0.5486
0.4083
0.4358
0.8858
0.1553
0.2192
11.21
14.84
Maximum Drawdown
0.9587
1.35
1.4
1.37
1.38
4.42
1.88
0.4711
16.94
3.21
Variance
0.0355
0.083
0.0869
0.083
0.0861
0.4105
0.15
0.0124
5.01
0.5171
Market Risk Adjusted Performance
0.7922
0.3769
0.5586
0.4183
0.4458
0.8958
0.1653
0.2292
11.22
14.85
Risk Adjusted Performance
0.0951
0.0675
0.064
0.0695
0.0555
(0.03)
0.0989
0.0438
0.1166
0.1807
Skewness
2.1
(0.57)
(0.65)
(0.55)
(0.56)
1.25
0.1515
(1.22)
4.97
(0.07)
Semi Deviation
0.0
0.2134
0.2453
0.2112
0.2483
N/A
0.2469
0.0
0.891
0.4678
Information Ratio
(0.25)
(0.16)
(0.16)
(0.16)
(0.17)
(0.16)
(0.06)
(0.57)
0.1151
0.1382
Value At Risk
(0.22)
(0.41)
(0.46)
(0.45)
(0.45)
(0.89)
(0.55)
(0.12)
(1.90)
(1.14)
Expected Short fall
(0.19)
(0.26)
(0.25)
(0.26)
(0.24)
N/A
(0.35)
(0.14)
(1.48)
(0.64)
Downside Deviation
0.1361
0.3596
0.3672
0.3592
0.3629
N/A
0.3854
0.2072
1.18
0.7196
Semi Variance
(0.02)
0.0456
0.0602
0.0446
0.0617
N/A
0.0609
(0.01)
0.7938
0.2189

Nuveen Symphony Competition Performance Charts

Five steps to successful analysis of Nuveen Symphony Competition

Nuveen Symphony'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 Symphony Credit in relation to its competition. Nuveen Symphony's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Nuveen Symphony 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 Symphony's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nuveen Symphony Credit, 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 Symphony position

In addition to having Nuveen Symphony 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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Marketing
Marketing Theme
Companies providing marketing and public relation (PR) services as well as news and media distribution. The Marketing theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Marketing Theme or any other thematic opportunities.
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Other Information on Investing in Nuveen Mutual Fund

Nuveen Symphony 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 Symphony security.
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