Nuveen New Financials
| NXJ Fund | USD 12.21 0.03 0.25% |
Nuveen |
Nuveen New Fund Summary
Nuveen New competes with Munivest Fund, Blackrock Muni, Blackrock Muniyield, Blackrock Muniyield, and Gabelli Equity. Nuveen New Jersey 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 New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard Poors New Jersey Municipal Bond Index. The fund was formerly known as Nuveen New Jersey Dividend Advantage Municipal Fund. Nuveen New Jersey Quality Municipal Income Fund was formed on June 1, 1999 and is domiciled in the United States.Specialization | null, Muni New Jersey |
| Instrument | USA Fund View All |
| Exchange | New York Stock Exchange |
| ISIN | US67069Y1029 |
| CUSIP | 67069Y102 67069Y300 |
| 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=nxj&refsrc=vu_nuveen.com/nxj |
| Phone | 312 917 7700 |
| Currency | USD - US Dollar |
Nuveen New Key Financial Ratios
Nuveen Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nuveen New's current stock value. Our valuation model uses many indicators to compare Nuveen New value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nuveen New competition to find correlations between indicators driving Nuveen New's intrinsic value. More Info.Nuveen New Jersey is regarded third largest fund in price to earning among similar funds. It is rated below average in price to book among similar funds fabricating about 0.01 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Nuveen New Jersey is roughly 96.07 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Nuveen New by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Nuveen New Jersey Systematic Risk
Nuveen New's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nuveen New 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 thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Nuveen New Jersey correlated with the market. If Beta is less than 0 Nuveen New generally moves in the opposite direction as compared to the market. If Nuveen New Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nuveen New Jersey is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nuveen New is generally in the same direction as the market. If Beta > 1 Nuveen New moves generally in the same direction as, but more than the movement of the benchmark.
Nuveen New November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Nuveen New help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nuveen New Jersey. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nuveen New Jersey 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 New's daily price indicators and compare them against related drivers.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.32 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.6563 |
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.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |