Nuveen New Jersey Fund Manager Performance Evaluation
| NXJ Fund | USD 12.21 0.03 0.25% |
The fund secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuveen New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen New is expected to be smaller as well.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Nuveen New Jersey has generated negative risk-adjusted returns adding no value to fund investors. Even with relatively steady basic indicators, Nuveen New is not utilizing all of its potentials. The recent stock price chaos, may contribute to medium-term losses for the stakeholders.
...more1 | SIT Investment Associates Inc Reduces Stake in Nuveen New Jersey Quality Municipal Income Fund - Yahoo Finance | 10/04/2024 |
2 | Saba capital sells 402,768 in Nuveen New Jersey Quality Municipal Income Fund shares - Investing.com | 11/14/2024 |
| Expense Ratio | 1.3500 |
Nuveen |
Nuveen New Relative Risk vs. Return Landscape
If you would invest 1,231 in Nuveen New Jersey on August 24, 2024 and sell it today you would lose (10.00) from holding Nuveen New Jersey or give up 0.81% of portfolio value over 90 days. Nuveen New Jersey is generating negative expected returns assuming volatility of 0.4924% on return distribution over 90 days investment horizon. In other words, 4% 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 New Current Valuation
Fairly Valued
Today
Please note that Nuveen New's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Nuveen New Jersey secures a last-minute Real Value of $12.3 per share. The latest price of the fund is $12.21. We determine the value of Nuveen New Jersey 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.
Nuveen New's intrinsic value may or may not be the same as its current market price of 12.21, 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 12.21 | Real 12.3 | Hype 12.21 | Naive 12.39 |
The intrinsic value of Nuveen New's stock can be calculated using various methods such as discounted cash flow or dividend analysis. That value may differ from its market price, which is determined by factors such as investor sentiment, market trends, headlines, and other external factors that may influence Nuveen New's stock price.
Estimating the potential upside or downside of Nuveen New Jersey 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 New more accurately as focusing exclusively on Nuveen New's fundamentals will not take into account other important factors: 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 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 = -0.0239
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NXJ |
Estimated Market Risk
| 0.49 actual daily | 4 96% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 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 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 Fund performance.
| Return On Equity | -1.55 | |||
| Return On Asset | 1.93 | |||
| Profit Margin | (27.34) % | |||
| Operating Margin | 82.95 % | |||
| Current Valuation | 781.06 M | |||
| Shares Outstanding | 41.48 M | |||
| Price To Earning | 69.17 X | |||
| Price To Book | 0.72 X | |||
| Price To Sales | 12.89 X | |||
| Revenue | 37.63 M | |||
| Cash And Equivalents | 2.7 M | |||
| Cash Per Share | 0.06 X | |||
| Total Debt | 346.53 M | |||
| Debt To Equity | 0.54 % | |||
| Book Value Per Share | 16.26 X | |||
| Cash Flow From Operations | 29.94 M | |||
| Earnings Per Share | 0.17 X | |||
| Total Asset | 132.69 M | |||
| Retained Earnings | (8.15 M) | |||
About Nuveen New Performance
By evaluating Nuveen New's fundamental ratios, stakeholders can gain valuable insights into Nuveen New's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. 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 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.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. 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 | |
| Latest headline from news.google.com: Saba capital sells 402,768 in Nuveen New Jersey Quality Municipal Income Fund shares - Investing.com | |
| The fund generated three year return of -3.0% |
- 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 Fund's leadership.
- Pay attention to analyst opinions and ratings of Nuveen New's 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 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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