Nuveen Municipal Credit Fund Price on July 12, 2024
| NZF Fund | USD 13.03 0.08 0.62% |
Below is the normalized historical share price chart for Nuveen Municipal Credit extending back to September 26, 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 Municipal stands at 13.03, as last reported on the 1st of December, with the highest price reaching 13.08 and the lowest price hitting 13.01 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 Municipal is very steady. Nuveen Municipal Credit has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nuveen Municipal, which you can use to evaluate the volatility of the fund. Please verify Nuveen Municipal's Downside Deviation of 0.6431, mean deviation of 0.3822, and Risk Adjusted Performance of 0.0918 to check out if the risk estimate we provide is consistent with the expected return of 0.0588%.
Nuveen Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Nuveen |
Sharpe Ratio = 0.1096
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Estimated Market Risk
| 0.54 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Nuveen Municipal is performing at about 8% 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 Municipal by adding it to a well-diversified portfolio.
Market Capitalization 1.9 B |
Nuveen Municipal Valuation on July 12, 2024
It is possible to determine the worth of Nuveen Municipal on a given historical date. On July 12, 2024 Nuveen was worth 12.08 at the beginning of the trading date compared to the closed value of 12.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nuveen Municipal fund. Still, in general, we apply an absolute valuation method to find Nuveen Municipal'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 Municipal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nuveen Municipal's related companies.
| Open | High | Low | Close | Volume | |
| 12.02 | 12.11 | 12.01 | 12.07 | 803,850 | |
07/12/2024 | 12.08 | 12.17 | 12.06 | 12.15 | 683,572 |
| 12.13 | 12.13 | 12.05 | 12.07 | 742,329 |
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Nuveen Municipal Trading Date Momentum on July 12, 2024
| On July 15 2024 Nuveen Municipal Credit was traded for 12.07 at the closing time. Highest Nuveen Municipal's price during the trading hours was 12.13 and the lowest price during the day was 12.05 . The net volume was 742.3 K. The overall trading history on the 15th of July 2024 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.66% . The trading delta at closing time to current price is 1.07% . |
Nuveen Municipal Credit Fundamentals Correlations and Trends
By evaluating Nuveen Municipal'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 Municipal'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 Municipal Fund history
Nuveen Municipal 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 Municipal Credit 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 Municipal stock prices may prove useful in developing a viable investing in Nuveen Municipal
Nuveen Municipal Credit 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 the United States. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes. It seeks to invest in investment grade securities rated BaaBBB or better with an average maturity of around 18 years. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against Standard Poors National Municipal Bond Index. It was formerly known as Nuveen Enhanced Municipal Credit Opportunities Fund. Nuveen Municipal Credit Income Fund was formed on March 21, 2001 and is domiciled in the United States.
Nuveen Municipal Fund Technical Analysis
Nuveen Municipal 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 Municipal Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Nuveen Municipal Credit 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 Municipal December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Nuveen Municipal 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 Municipal shares will generate the highest return on investment. By undertsting and applying Nuveen Municipal fund market strength indicators, traders can identify Nuveen Municipal Credit entry and exit signals to maximize returns
Nuveen Municipal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nuveen Municipal'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 | 0.0918 | |||
| Jensen Alpha | 0.05 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 1.07 |
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Other Information on Investing in Nuveen Fund
Nuveen Municipal 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 Municipal security.
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