Nuveen New Jersey Fund Price on October 16, 2024
| NXJ Fund | USD 12.35 0.13 1.06% |
Below is the normalized historical share price chart for Nuveen New Jersey extending back to March 28, 2001. 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 New stands at 12.35, as last reported on the 25th of November, with the highest price reaching 12.36 and the lowest price hitting 12.27 during the day.
If you're considering investing in Nuveen Fund, it is important to understand the factors that can impact its price. Nuveen New Jersey has Sharpe Ratio of -0.0397, which conveys that the entity had a -0.0397% return per unit of risk over the last 3 months. Nuveen New exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuveen New's Standard Deviation of 0.4847, mean deviation of 0.3629, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide.
Nuveen Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Nuveen |
Sharpe Ratio = -0.0397
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| Negative Returns | NXJ |
Estimated Market Risk
| 0.48 actual daily | 4 96% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nuveen New is not performing at its full potential. However, 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 New by adding Nuveen New to a well-diversified portfolio.
Market Capitalization 521.9 M |
Nuveen New Valuation on October 16, 2024
It is possible to determine the worth of Nuveen New on a given historical date. On October 16, 2024 Nuveen was worth 12.87 at the beginning of the trading date compared to the closed value of 12.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nuveen New fund. Still, in general, we apply an absolute valuation method to find Nuveen New'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 New where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nuveen New's related companies.
| Open | High | Low | Close | Volume | |
| 12.92 | 12.93 | 12.90 | 12.90 | 102,472 | |
10/16/2024 | 12.87 | 12.95 | 12.86 | 12.94 | 116,329 |
| 12.92 | 12.94 | 12.89 | 12.91 | 49,203 |
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Nuveen New Trading Date Momentum on October 16, 2024
| On October 17 2024 Nuveen New Jersey was traded for 12.91 at the closing time. Highest Nuveen New's price during the trading hours was 12.94 and the lowest price during the day was 12.89 . The net volume was 49.2 K. The overall trading history on the 17th of October 2024 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.23% . The trading delta at closing time to current price is 2.70% . |
Nuveen New Jersey Fundamentals Correlations and Trends
By evaluating Nuveen New'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 New'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 New Fund history
Nuveen New 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 New Jersey 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 New stock prices may prove useful in developing a viable investing in Nuveen New
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.
Nuveen New Fund Technical Analysis
Nuveen New 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 New Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Nuveen New Jersey 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 New November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Nuveen New 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 New shares will generate the highest return on investment. By undertsting and applying Nuveen New fund market strength indicators, traders can identify Nuveen New Jersey entry and exit signals to maximize returns
Nuveen New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nuveen New'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 | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.09) |
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| Volume Indicators |
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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