Nuveen Amt-free Competition
| NUW Fund | USD 14.27 0.02 0.14% |
Nuveen Amt-free vs Nuveen Real Correlation
Good diversification
The correlation between Nuveen Amt Free Municipal and JRS is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Amt Free Municipal and JRS in the same portfolio, assuming nothing else is changed.
Moving together with Nuveen Fund
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen Amt-free'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.
Nuveen Amt-free Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nuveen Amt-free 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 Amt Free does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Nuveen Fund performing well and Nuveen Amt-free 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 Amt-free'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JCE | 0.58 | 0.03 | 0.01 | 0.13 | 0.64 | 1.28 | 3.55 | |||
| SPE | 0.49 | 0.06 | (0.02) | (1.15) | 0.73 | 0.76 | 4.57 | |||
| NCA | 0.53 | 0.11 | 0.03 | (0.61) | 0.55 | 1.19 | 5.74 | |||
| TRRUX | 0.27 | 0.06 | 0.04 | 0.24 | 0.00 | 0.51 | 4.52 | |||
| EMF | 0.90 | 0.26 | 0.22 | 0.57 | 0.64 | 2.06 | 5.66 | |||
| IIF | 0.53 | (0.14) | 0.00 | (0.42) | 0.00 | 0.93 | 4.47 | |||
| OPP | 0.44 | (0.05) | 0.00 | 2.12 | 0.00 | 0.77 | 2.43 | |||
| NSCCX | 1.02 | 0.25 | 0.24 | 0.29 | 0.67 | 2.63 | 14.57 | |||
| FMPFX | 1.04 | 0.05 | 0.04 | 0.11 | 1.14 | 1.85 | 6.63 | |||
| JRS | 0.55 | (0.08) | 0.00 | (0.12) | 0.00 | 1.04 | 3.78 |
Nuveen Amt-free Competitive Analysis
The better you understand Nuveen Amt-free competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nuveen Amt-free'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 Amt-free'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 |
Nuveen Amt-free Competition Performance Charts
Five steps to successful analysis of Nuveen Amt-free Competition
Nuveen Amt-free'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 Amt Free in relation to its competition. Nuveen Amt-free's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Nuveen Amt-free 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 Amt-free's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nuveen Amt Free, 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.
Complement your Nuveen Amt-free position
In addition to having Nuveen Amt-free 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.Did You Try This Idea?
Run Toys Thematic Idea Now
Toys
Companies producing and distributing toys and different gaming products for kids. The Toys theme has 31 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 Toys Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Nuveen Fund
Nuveen Amt-free 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 Amt-free security.
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |