Nuveen New Jersey Fund Manager Performance Evaluation
| XNXJX Fund | USD 13.50 0.06 0.45% |
The fund secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen New are expected to decrease at a much lower rate. During the bear market, Nuveen New is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days Nuveen New Jersey has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong forward-looking indicators, Nuveen New is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 1.5500 |
Nuveen |
Nuveen New Relative Risk vs. Return Landscape
If you would invest 1,367 in Nuveen New Jersey on August 28, 2024 and sell it today you would lose (17.00) from holding Nuveen New Jersey or give up 1.24% of portfolio value over 90 days. Nuveen New Jersey is currently producing negative expected returns and takes up 0.4325% volatility of returns over 90 trading days. Put another way, 3% of traded mutual funds are less volatile than Nuveen, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Nuveen New Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen New's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Nuveen New Jersey, and traders can use it to determine the average amount a Nuveen New's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0438
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | XNXJX |
Estimated Market Risk
| 0.43 actual daily | 3 97% 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.
Nuveen New Fundamentals Growth
Nuveen Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Nuveen New, and Nuveen New fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nuveen Mutual Fund performance.
About Nuveen New Performance
Evaluating Nuveen New's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Nuveen New has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Nuveen New has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Nuveen New is entity of United States. It is traded as Fund on NMFQS exchange.Things to note about Nuveen New Jersey performance evaluation
Checking the ongoing alerts about Nuveen New for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Nuveen New Jersey help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nuveen New Jersey generated a negative expected return over the last 90 days |
- Analyzing Nuveen New's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nuveen New's stock is overvalued or undervalued compared to its peers.
- Examining Nuveen New's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Nuveen New's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nuveen New's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Nuveen New's mutual fund. These opinions can provide insight into Nuveen New's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Nuveen Mutual Fund
Nuveen New financial ratios help investors to determine whether Nuveen Mutual 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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