Nuveen California Financials
| NAC Fund | USD 11.51 0.10 0.88% |
Nuveen |
Please note that past performance is not an indicator of the future performance of Nuveen California, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future.
Nuveen California Fund Summary
Nuveen California competes with Pimco California, Eaton Vance, Invesco California, Pimco California, and BlackRock California. Nuveen California Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes. It primarily invests in securities that are rated Baa or BBB or better by Moodys Investors Service, Inc. or Standard Poors, and have an average maturity of 20.96 years. The fund employs fundamental analysis with a bottom-up approach to create its portfolio. It benchmarks the performance of its portfolio against the Standard Poors California Municipal Bond Index and Standard Poors National Municipal Bond Index. The fund was formerly known as Nuveen California Dividend Advantage Municipal Fund. Nuveen California Quality Municipal Income Fund was formed on December 1, 1998 and is domiciled in the United States.Specialization | null, Muni California Long |
| Instrument | USA Fund View All |
| Exchange | New York Stock Exchange |
| ISIN | US67066Y1055 |
| CUSIP | 67066Y105 |
| Location | Illinois; U.S.A |
| Business Address | 333 West Wacker |
| Fund Family | Financial Services |
| Fund Category | Asset Management |
| Benchmark | Dow Jones Industrial |
| Website | www.nuveen.com/cef/product/overview.aspx?fundcode=nac&refsrc=vu_nuveen.com/nac |
| Phone | 312 917 7700 |
| Currency | USD - US Dollar |
Nuveen California Key Financial Ratios
Nuveen Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nuveen California's current stock value. Our valuation model uses many indicators to compare Nuveen California value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nuveen California competition to find correlations between indicators driving Nuveen California's intrinsic value. More Info.Nuveen California Dividend is regarded fourth largest fund in price to earning among similar funds. It also is regarded fourth largest fund in price to book among similar funds fabricating about 0.02 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Nuveen California Dividend is roughly 42.94 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nuveen California's earnings, one of the primary drivers of an investment's value.Nuveen California Systematic Risk
Nuveen California's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nuveen California volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Nuveen California correlated with the market. If Beta is less than 0 Nuveen California generally moves in the opposite direction as compared to the market. If Nuveen California Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nuveen California is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nuveen California is generally in the same direction as the market. If Beta > 1 Nuveen California moves generally in the same direction as, but more than the movement of the benchmark.
Nuveen California November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Nuveen California help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nuveen California Dividend. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nuveen California Dividend based on widely used predictive technical indicators. In general, we focus on analyzing Nuveen Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nuveen California's daily price indicators and compare them against related drivers.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 2.45 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.7705 |
Other Information on Investing in Nuveen Fund
Nuveen California 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 California security.
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