Nuveen Credit Strategies Fund Price on November 29, 2024
| JQC Fund | USD 5.86 0.06 1.03% |
Below is the normalized historical share price chart for Nuveen Credit Strategies extending back to June 26, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Nuveen Credit stands at 5.86, as last reported on the 3rd of December, with the highest price reaching 5.86 and the lowest price hitting 5.80 during the day.
If you're considering investing in Nuveen Fund, it is important to understand the factors that can impact its price. At this point, Nuveen Credit is not too volatile. Nuveen Credit Strategies has Sharpe Ratio of 0.072, which conveys that the entity had a 0.072% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nuveen Credit, which you can use to evaluate the volatility of the fund. Please verify Nuveen Credit's Downside Deviation of 0.7618, risk adjusted performance of 0.0882, and Mean Deviation of 0.552 to check out if the risk estimate we provide is consistent with the expected return of 0.049%.
Nuveen Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Nuveen |
Sharpe Ratio = 0.072
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| Negative Returns | JQC |
Estimated Market Risk
| 0.68 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Nuveen Credit is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nuveen Credit by adding it to a well-diversified portfolio.
Market Capitalization 810.9 M |
Nuveen Credit Valuation on November 29, 2024
It is possible to determine the worth of Nuveen Credit on a given historical date. On November 29, 2024 Nuveen was worth 5.8 at the beginning of the trading date compared to the closed value of 5.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nuveen Credit fund. Still, in general, we apply an absolute valuation method to find Nuveen Credit's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nuveen Credit where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nuveen Credit's related companies.
| Open | High | Low | Close | Volume | |
| 5.80 | 5.81 | 5.77 | 5.80 | 408,184 | |
11/29/2024 | 5.80 | 5.86 | 5.80 | 5.86 | 429,358 |
| 5.80 | 5.86 | 5.80 | 5.86 | 0.00 |
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Nuveen Credit Trading Date Momentum on November 29, 2024
| On December 03 2024 Nuveen Credit Strategies was traded for 5.86 at the closing time. Highest Nuveen Credit's price during the trading hours was 5.86 and the lowest price during the day was 5.80 . There was no trading activity during the period 0.0. Lack of trading volume on the 3rd of December did not cause price change. The trading delta at closing time to current price is 1.02% . |
Nuveen Credit Strategies Fundamentals Correlations and Trends
By evaluating Nuveen Credit's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nuveen Credit's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nuveen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nuveen Credit Fund history
Nuveen Credit investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nuveen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nuveen Credit Strategies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nuveen Credit stock prices may prove useful in developing a viable investing in Nuveen Credit
Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc. The fund is managed by Symphony Asset Management, LLC. It invests in the fixed income and public equity markets of the United States. The fund invests in senior secured and second lien loans, preferred securities, convertible securities and related instruments. It seeks to invest in investment grade securities. The fund employs fundamental analysis with a focus on bottom-up stock picking approach based on factors such as interest rate levels, conditions and developing trends in the bond and equity markets, analysis of relative valuations for preferred, convertible and other debt instruments, and other economic and market factors, including the overall outlook for the economy and inflation to create its portfolio. The Fund uses leverage .It benchmarks the performance of its portfolio against Barclays Capital U.S. Aggregate Bond Index. The fund was formerly known as Nuveen Multi-Strategy Income Growth Fund 2. Nuveen Credit Strategies Income Fund was formed on June 25, 2003 and is domiciled in the United States.
Nuveen Credit Fund Technical Analysis
Nuveen Credit technical fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Nuveen Credit Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Nuveen Credit Strategies cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nuveen Credit December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Nuveen Credit fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nuveen Credit shares will generate the highest return on investment. By undertsting and applying Nuveen Credit fund market strength indicators, traders can identify Nuveen Credit Strategies entry and exit signals to maximize returns
Nuveen Credit Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nuveen Credit's price direction in advance. Along with the technical and fundamental analysis of Nuveen Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nuveen to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0882 | |||
| Jensen Alpha | 0.0767 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (1.05) |
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Other Information on Investing in Nuveen Fund
Nuveen Credit 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 Credit security.
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