Nuveen New Competition

Funds . USA . 
Fund . Nuveen New Jersey
NXJ Fund  USD 12.39  0.10  0.81%   
Nuveen New Jersey competes with Nuveen Pennsylvania, Nuveen Build, Allianzgi Convertible, Nuveen California, and Calamos Global; as well as few others. The fund is not categorized under any group at the present time. Analyzing Nuveen New 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 New to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Nuveen New Correlation with its peers.

Nuveen New vs Nuveen Variable Correlation

Very good diversification

The correlation between Nuveen New Jersey and NPFD is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen New Jersey and NPFD in the same portfolio, assuming nothing else is changed.

Moving together with Nuveen Fund

  0.67IIF Morgan Stanley IndiaPairCorr

Moving against Nuveen Fund

  0.66FELIX Fidelity Advisor SemPairCorr
  0.64CHI Calamos ConvertiblePairCorr
  0.63TEMZX Templeton Emerging Steady GrowthPairCorr
  0.6EVVCX Evaluator Very ConsePairCorr
  0.59MXF Mexico ClosedPairCorr
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen New'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.
Hype
Prediction
LowEstimatedHigh
12.0412.3912.74
Details
Intrinsic
Valuation
LowRealHigh
12.0512.4012.75
Details
Naive
Forecast
LowNextHigh
12.0712.4212.78
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.1912.4312.66
Details

Nuveen New Competition Correlation Matrix

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

High positive correlations

CHW
+ 0.93
NCV
BGB
+ 0.91
DIAX
DIAX
+ 0.79
NCV
WIW
+ 0.78
NBB
DIAX
+ 0.74
CHW
BGB
+ 0.71
NCV
  

High negative correlations

DIAX
- 0.53
NBB
WIW
- 0.47
DIAX
BGB
- 0.4
NBB
BGB
- 0.38
WIW
NAN
- 0.38
DIAX
NCV
- 0.21
NBB

Risk-Adjusted Indicators

There is a big difference between Nuveen Fund performing well and Nuveen New 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 New'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
NQP  0.29  0.01 (0.07) 0.08  0.30 
(0.33)
 0.58 
(0.51)
 1.68 
NBB  0.43 (0.04) 0.00 (0.12) 0.00 
 0.00 
 0.68 
(0.86)
 2.13 
NCV  0.65  0.06  0.06  0.14  0.69 
(0.69)
 1.48 
(1.31)
 3.41 
NKX  0.34  0.03  0.00  0.17  0.57 
(0.33)
 0.56 
(0.78)
 3.53 
CHW  0.67  0.07  0.06  0.13  0.82 
(0.68)
 1.37 
(1.48)
 3.03 
DIAX  0.47  0.05  0.07  0.11  0.45 
(0.50)
 0.99 
(0.91)
 2.30 
NAN  0.28 (0.01)(0.12)(0.27) 0.33 
(0.31)
 0.62 
(0.61)
 1.34 
WIW  0.32 (0.03) 0.00 (0.10) 0.00 
 0.00 
 0.58 
(0.80)
 2.31 
BGB  0.29  0.02 (0.03) 0.12  0.28 
(0.34)
 0.52 
(0.52)
 2.23 
NPFD  0.32  0.00 (0.08) 0.02  0.37 
(0.37)
 0.78 
(0.68)
 1.72 

Nuveen New Competitive Analysis

The better you understand Nuveen New competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nuveen New'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 New'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
NXJ NQP NBB NCV NKX CHW DIAX NAN WIW BGB
 0.81 
 12.39 
Nuveen
 0.42 
 11.97 
Nuveen
 1.33 
 15.98 
Nuveen
 0.68 
 15.99 
Allianzgi
 0.47 
 12.86 
Nuveen
 0.74 
 8.01 
Calamos
 0.19 
 15.41 
Nuveen
 0.18 
 11.35 
Nuveen
 0.23 
 8.61 
Western
 0.25 
 11.78 
Blackstone
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Weakest
Soft
Weakest
Fair
Soft
Fair
Good
Weakest
Weakest
Soft
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Small
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Under Valued
Fairly 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
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Cautious Hold
Hold
Buy
Hold
Strong Buy
Strong Buy
Cautious Hold
Hold
Cautious Hold
Current Ratio
0.04
0.05
N/A
0.5
0.54
2.98
0.46
0.55
0.07
N/A
Net Asset
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
24.32 M
Profit Margin
-27.34
33.29
N/A
-132.31
-18.83
N/A
-290.93
-7.27
-51.47
N/A
EBITDA
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Book
0.72
0.73
N/A
0.67
0.74
0.78
0.96
0.72
0.69
N/A
Operating Margin
82.95
82.17
N/A
74.09
75.1
41.12
52.73
78.12
91.55
N/A
Current Valuation
781.06 M
713.32 M
N/A
633.16 M
975.85 M
618.59 M
536.41 M
561.73 M
968.1 M
N/A
Five Year Return
-0.73
-0.32
-0.11
3.0
-1.54
7.09
8.24
-1.35
0.54
4.47
Retained Earnings
(8.15 M)
(10.4 M)
N/A
N/A
N/A
N/A
N/A
(10.21 M)
(159.62 M)
N/A
One Year Return
4.46
4.56
7.99
23.07
2.79
22.04
5.2
2.07
8.11
3.28
Beta
0.33
0.31
-0.05
1.22
0.36
1.35
0.96
0.3
0.58
0.48
Shares Outstanding
41.48 M
37.38 M
28.48 M
90.37 M
47.52 M
60.03 M
36.37 M
30.85 M
61.18 M
44.66 M
Three Year Return
2.53
2.03
5.58
14.6
2.12
18.76
9.26
2.01
4.26
8.39
Cash Flow From Operations
29.94 M
44.05 M
N/A
N/A
26 M
18.17 M
N/A
22.41 M
64.06 M
N/A
Annual Yield
0.0045
0.0055
0.0058
0.0081
0.005
0.0073
0.0075
0.0049
0.0041
0.0057
Total Debt
346.53 M
331.56 M
N/A
36.82 M
456.45 M
276.23 M
4.9 M
262.17 M
406.49 M
N/A
Return On Equity
-1.55
1.85
N/A
16.21
-1.1
-17.58
-5.93
-0.39
-5.36
N/A
Return On Asset
1.93
1.77
N/A
1.86
1.7
0.5
0.65
1.66
3.97
N/A
Number Of Shares Shorted
4.57 K
9.52 K
19.18 K
16.08 K
28.34 K
259.49 K
9.74 K
9.12 K
80.11 K
72.31 K
Book Value Per Share
16.26
15.64
N/A
5.43
16.66
8.03
16.65
15.28
13.65
N/A
Total Asset
132.69 M
358.06 M
N/A
N/A
168.38 M
N/A
N/A
189.94 M
806.91 M
19.18 M
Last Dividend Paid
0.5
0.44
1.11
0.51
0.56
0.6
1.15
0.51
0.66
0.82
Debt To Equity
0.54
0.58
N/A
0.04
0.61
0.59
0.007
0.58
0.53
N/A
Short Ratio
0.04
0.15
0.2
0.03
0.29
1.02
0.1
0.12
0.32
0.75
Shares Owned By Institutions
11.01
12.89
27.16
20.5
12.65
19.0
28.57
15.4
64.04
47.42
Market Capitalization
521.86 M
460.19 M
532.57 M
422.95 M
621.09 M
337.2 M
448.04 M
362.5 M
696.89 M
566.79 M
Price To Earning
69.17
47.63
N/A
9.03
21.24
6.47
6.17
72.11
7.2
9.83
Price To Sales
12.89
13.3
N/A
11.33
13.17
23.75
46.51
13.53
6.74
N/A
Net Income
(10.29 M)
10.69 M
N/A
(44.12 M)
(8.37 M)
(93.44 M)
(36.4 M)
(1.82 M)
(44.12 M)
N/A
Earnings Per Share
0.17
0.24
N/A
0.4
0.58
0.96
-0.43
0.15
1.31
1.14
Year To Date Return
0.93
0.87
0.22
4.27
0.79
8.49
1.47
0.63
0.65
0.24
Revenue
37.63 M
32.12 M
N/A
28.87 M
44.45 M
15.77 M
12.51 M
24.98 M
85.73 M
N/A
Gross Profit
37.63 M
32.12 M
N/A
28.87 M
44.45 M
14.76 M
12.14 M
24.98 M
60.28 M
N/A
Day Typical Price
12.35
11.95
15.9
16.01
12.83
8.01
15.41
11.34
8.61
11.8
Accumulation Distribution
0.0097
0.0075
0.0156
0.0149
0.0062
0.0149
0.0052
0.0088
0.0023
0.0101
Market Facilitation Index
0.12
0.09
0.25
0.24
0.08
0.12
0.08
0.1
0.02
0.12
Daily Balance Of Power
0.8333
0.5556
0.84
(0.46)
0.75
(0.50)
(0.38)
(0.20)
1.0
(0.25)
Period Momentum Indicator
0.1
0.05
0.21
(0.11)
0.06
(0.06)
(0.03)
(0.02)
0.02
(0.03)
Rate Of Daily Change
1.01
1.0
1.01
0.99
1.0
0.99
1.0
1.0
1.0
1.0
Day Median Price
12.33
11.94
15.86
16.02
12.82
8.01
15.41
11.34
8.61
11.81
Price Action Indicator
0.11
0.06
0.23
(0.09)
0.07
(0.03)
(0.01)
N/A
0.01
(0.04)
Relative Strength Index
46.87
55.03
53.21
60.7
58.04
65.08
56.65
52.93
54.25
51.52
Coefficient Of Variation
56143.67
1817.42
(2,769)
859.93
1200.37
813.88
660.8
56520.79
(2,903)
1159.02
Mean Deviation
0.2866
0.2876
0.4296
0.6488
0.3403
0.6704
0.4732
0.2762
0.3218
0.2886
Jensen Alpha
(0.01)
0.0055
(0.04)
0.0634
0.0264
0.0657
0.0538
(0.01)
(0.03)
0.0164
Total Risk Alpha
(0.03)
(0.01)
(0.06)
0.0456
0.0081
0.0513
0.0497
(0.03)
(0.05)
0.0046
Sortino Ratio
(0.13)
(0.07)
N/A
0.0595
(0)
0.0603
0.0749
(0.12)
N/A
(0.03)
Downside Variance
0.1199
0.1468
N/A
0.7124
0.4568
0.8669
0.3252
0.1476
N/A
0.1633
Standard Deviation
0.3618
0.3588
0.5345
0.8181
0.5178
0.8224
0.5792
0.3595
0.4308
0.3852
Kurtosis
(0.33)
(0.38)
(0.01)
0.0352
4.61
(0.41)
(0.56)
0.0148
1.1
1.76
Potential Upside
0.6375
0.5833
0.6811
1.48
0.5578
1.37
0.9908
0.6178
0.58
0.5236
Treynor Ratio
(0.84)
0.0799
(0.12)
0.1371
0.172
0.1257
0.1137
(0.27)
(0.1)
0.1192
Maximum Drawdown
1.6
1.68
2.13
3.41
3.53
3.03
2.3
1.34
2.31
2.23
Variance
0.1309
0.1287
0.2857
0.6692
0.2682
0.6763
0.3355
0.1292
0.1856
0.1484
Market Risk Adjusted Performance
(0.83)
0.0899
(0.11)
0.1471
0.182
0.1357
0.1237
(0.26)
(0.09)
0.1292
Risk Adjusted Performance
(0.01)
0.0296
(0.03)
0.0853
0.0563
0.0901
0.107
(0.01)
(0.03)
0.0536
Skewness
0.1507
0.0046
(0.39)
(0.08)
(0.73)
(0.41)
0.0533
0.2217
(0.51)
0.4095
Semi Deviation
0.326
0.3033
N/A
0.6937
0.5693
0.816
0.4486
0.3317
N/A
0.2847
Information Ratio
(0.12)
(0.07)
(0.12)
0.0614
(0)
0.0682
0.0737
(0.12)
(0.14)
(0.03)
Value At Risk
(0.56)
(0.51)
(0.86)
(1.31)
(0.78)
(1.48)
(0.91)
(0.61)
(0.80)
(0.52)
Expected Short fall
(0.34)
(0.33)
N/A
(0.69)
(0.33)
(0.68)
(0.50)
(0.31)
N/A
(0.34)
Downside Deviation
0.3463
0.3832
N/A
0.8441
0.6759
0.9311
0.5703
0.3842
N/A
0.4041
Semi Variance
0.1063
0.092
N/A
0.4812
0.3241
0.6658
0.2012
0.11
N/A
0.0811

Nuveen New Competition Performance Charts

Five steps to successful analysis of Nuveen New Competition

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

In addition to having Nuveen New 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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FinTech
FinTech Theme
High long term potential financial entities that are ranging from payment processing, investment management to commercial and investment banking. The FinTech theme has 81 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 FinTech Theme or any other thematic opportunities.
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Other Information on Investing in Nuveen Fund

Nuveen New 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 New security.
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