Nuveen California Amt Fund Manager Performance Evaluation
| NKX Fund | USD 12.88 0.02 0.16% |
The fund secures a Beta (Market Risk) of -0.0209, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuveen California are expected to decrease at a much lower rate. During the bear market, Nuveen California is likely to outperform the market.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Nuveen California Amt has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong forward-looking signals, Nuveen California is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more1 | NKX stock touches 52-week high at 13.54 amid robust performance - Investing.com | 09/09/2024 |
| Expense Ratio | 1.4100 |
Nuveen |
Nuveen California Relative Risk vs. Return Landscape
If you would invest 1,316 in Nuveen California Amt on August 28, 2024 and sell it today you would lose (28.00) from holding Nuveen California Amt or give up 2.13% of portfolio value over 90 days. Nuveen California Amt is generating negative expected returns assuming volatility of 0.7995% on return distribution over 90 days investment horizon. In other words, 7% of funds are less volatile than Nuveen, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Nuveen California Current Valuation
Fairly Valued
Today
Please note that Nuveen California's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Nuveen California Amt secures a last-minute Real Value of $12.87 per share. The latest price of the fund is $12.88. We determine the value of Nuveen California Amt from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued funds and dropping overvalued funds since, at some point, fund prices and their ongoing real values will merge together.
Since Nuveen California is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Nuveen Fund. However, Nuveen California's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 12.88 | Real 12.87 | Hype 12.89 | Naive 13.13 |
The intrinsic value of Nuveen California's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Nuveen California's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Nuveen California Amt helps investors to forecast how Nuveen fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Nuveen California more accurately as focusing exclusively on Nuveen California's fundamentals will not take into account other important factors: Nuveen California Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen California's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Nuveen California Amt, and traders can use it to determine the average amount a Nuveen California'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 = -0.0381
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NKX |
Estimated Market Risk
| 0.8 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.03 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 California 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 California by adding Nuveen California to a well-diversified portfolio.
Nuveen California Fundamentals Growth
Nuveen Fund prices reflect investors' perceptions of the future prospects and financial health of Nuveen California, and Nuveen California 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 Fund performance.
| Return On Equity | -1.1 | ||||
| Return On Asset | 1.7 | ||||
| Profit Margin | (18.83) % | ||||
| Operating Margin | 75.10 % | ||||
| Current Valuation | 975.85 M | ||||
| Shares Outstanding | 47.52 M | ||||
| Price To Earning | 21.24 X | ||||
| Price To Book | 0.74 X | ||||
| Price To Sales | 13.17 X | ||||
| Revenue | 44.45 M | ||||
| Cash And Equivalents | 6.85 M | ||||
| Cash Per Share | 0.14 X | ||||
| Total Debt | 456.45 M | ||||
| Debt To Equity | 0.61 % | ||||
| Book Value Per Share | 16.66 X | ||||
| Cash Flow From Operations | 26 M | ||||
| Earnings Per Share | 0.58 X | ||||
| Total Asset | 168.38 M | ||||
About Nuveen California Performance
Evaluating Nuveen California's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Nuveen California 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 California 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 California AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of California, United States. The fund primarily invests in undervalued municipal securities and other related investments the income which are exempt from regular federal and California income taxes and are rated Baa, BBB or higher with an average maturity of 20.17 years. It employs fundamental analysis with a bottom-up approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard Poors California Municipal Bond Index and the SP National Municipal Bond Index. It was formerly known as Nuveen California AMT-Free Municipal Income Fund. Nuveen California AMT-Free Quality Municipal Income Fund was formed on November 21, 2002 and is domiciled in the United States.Things to note about Nuveen California Amt performance evaluation
Checking the ongoing alerts about Nuveen California for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Nuveen California Amt help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nuveen California generated a negative expected return over the last 90 days | |
| Nuveen California Amt generated five year return of 0.0% |
- Analyzing Nuveen California'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 California's stock is overvalued or undervalued compared to its peers.
- Examining Nuveen California'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 California's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nuveen California's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Nuveen California's fund. These opinions can provide insight into Nuveen California's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Nuveen Fund
Nuveen California 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 California security.
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