Nuveen California Price To Earning vs. Beta
| NKX Fund | USD 12.88 0.03 0.23% |
For Nuveen California profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nuveen California to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nuveen California Amt utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nuveen California's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nuveen California Amt over time as well as its relative position and ranking within its peers.
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Nuveen California Amt Beta vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nuveen California's current stock value. Our valuation model uses many indicators to compare Nuveen California value to that of its competitors to determine the firm's financial worth. Nuveen California Amt is rated below average in price to earning among similar funds. It is rated below average in beta among similar funds totaling about 0.02 of Beta per Price To Earning. The ratio of Price To Earning to Beta for Nuveen California Amt is roughly 59.00 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nuveen California's earnings, one of the primary drivers of an investment's value.Nuveen Beta vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Nuveen California |
| = | 21.24 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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 California |
| = | 0.36 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Nuveen Beta Comparison
Nuveen California is currently under evaluation in beta among similar funds.
Beta Analysis
As returns on the market increase, Nuveen California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuveen California is expected to be smaller as well.
Nuveen California Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nuveen California, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nuveen California will eventually generate negative long term returns. The profitability progress is the general direction of Nuveen California's change in net profit over the period of time. It can combine multiple indicators of Nuveen California, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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.
Nuveen Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nuveen California. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Nuveen California position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Nuveen California's important profitability drivers and their relationship over time.
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Funds or Etfs that are designed to hedge away market risk by investing in combination of bonds, stocks, derivative instruments as well as short positions to maximize returns irrespective of market conditions. The Long Short Funds theme has 41 constituents at this time.
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Other Information on Investing in Nuveen Fund
To fully project Nuveen California's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nuveen California Amt at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Nuveen California's income statement, its balance sheet, and the statement of cash flows.
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