Saba capital management sells 334,992 in Nuveen New Jersey Quality Municipal Income Fund shares - Investing.com Nigeria
| NXJ Fund | USD 12.35 0.13 1.06% |
Nearly 50% of Nuveen New's stakeholders are presently thinking to get in. The analysis of overall sentiment of trading Nuveen New Jersey fund suggests that some investors are interested at this time. Nuveen New's investing sentiment shows overall attitude of investors towards Nuveen New Jersey.
Nuveen |
Saba capital management sells 334,992 in Nuveen New Jersey Quality Municipal Income Fund shares Investing.com Nigeria
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Nuveen New Fundamental Analysis
We analyze Nuveen New's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nuveen New using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nuveen New based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Nuveen New is currently under evaluation in beta among similar funds. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Nuveen New Jersey Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nuveen New fund to make a market-neutral strategy. Peer analysis of Nuveen New could also be used in its relative valuation, which is a method of valuing Nuveen New by comparing valuation metrics with similar companies.
Peers
Nuveen New Related Equities
| MQY | Blackrock Muniyield | 0.98 | ||||
| MYI | Blackrock Muniyield | 0.71 | ||||
| MVF | Munivest Fund | 0.55 | ||||
| JCE | Nuveen Core | 0.39 | ||||
| GAB-PG | Gabelli Equity | 0.35 | ||||
| SDHY | PGIM Short | 0.30 | ||||
| NCV-PA | Virtus AllianzGI | 0.18 | ||||
| GGT-PE | Gabelli Multimedia | 0.17 | ||||
| GUT-PC | Gabelli Utility | 0.24 | ||||
| GAB-PH | Gabelli Equity | 0.26 | ||||
| MUI | Blackrock Muni | 0.48 | ||||
| OXLCO | Oxford Lane | 1.04 |
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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