Nuveen Nebraska Municipal Fund Quote
| NAAFX Fund | USD 9.74 0.03 0.31% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Nuveen Nebraska is trading at 9.74 as of the 19th of April 2024; that is -0.31 percent decrease since the beginning of the trading day. The fund's open price was 9.77. Nuveen Nebraska has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Nuveen Nebraska Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of April 2022 and ending today, the 19th of April 2024. Click here to learn more.
Under normal market conditions, the fund invests at least 80 percent of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal and Nebraska personal income tax. More on Nuveen Nebraska Municipal
Nuveen Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nuveen Nebraska's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nuveen Nebraska or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Nuveen Funds, Large Funds, Muni Single State Long Funds, Muni Single State Long, Nuveen (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 30th of September 2022 |
| Fiscal Year End | May |
Nuveen Nebraska Municipal [NAAFX] is traded in USA and was established 19th of April 2024. Nuveen Nebraska is listed under Nuveen category by Fama And French industry classification. The fund is listed under Muni Single State Long category and is part of Nuveen family. This fund now has accumulated 102.17 M in assets with no minimum investment requirementsNuveen Nebraska Municipal is currently producing year-to-date (YTD) return of 0.03% with the current yeild of 0.0%, while the total return for the last 3 years was -2.89%.
Check Nuveen Nebraska Probability Of Bankruptcy
Instrument Allocation
Nuveen Nebraska Target Price Odds Analysis
Based on a normal probability distribution, the odds of Nuveen Nebraska jumping above the current price in 90 days from now is about 98.0%. The Nuveen Nebraska Municipal probability density function shows the probability of Nuveen Nebraska mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Nuveen Nebraska Municipal has a beta of -0.0255. This indicates as returns on the benchmark increase, returns on holding Nuveen Nebraska are expected to decrease at a much lower rate. During a bear market, however, Nuveen Nebraska Municipal is likely to outperform the market. Additionally, nuveen Nebraska Municipal has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Nuveen Nebraska to move above the current price in 90 days from now is about 98.0 (This Nuveen Nebraska Municipal probability density function shows the probability of Nuveen Mutual Fund to fall within a particular range of prices over 90 days) .
Nuveen Nebraska Municipal Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nuveen Nebraska market risk premium is the additional return an investor will receive from holding Nuveen Nebraska long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nuveen Nebraska. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nuveen Nebraska's alpha and beta are two of the key measurements used to evaluate Nuveen Nebraska's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1403 | |||
| Standard Deviation | 0.1909 | |||
| Variance | 0.0364 | |||
| Risk Adjusted Performance | (0.09) |
Nuveen Nebraska Against Markets
Picking the right benchmark for Nuveen Nebraska mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nuveen Nebraska mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nuveen Nebraska is critical whether you are bullish or bearish towards Nuveen Nebraska Municipal at a given time. Please also check how Nuveen Nebraska's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nuveen Nebraska without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Nuveen Mutual Fund?
Before investing in Nuveen Nebraska, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nuveen Nebraska. To buy Nuveen Nebraska fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nuveen Nebraska. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Nuveen Nebraska fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nuveen Nebraska Municipal fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Nuveen Nebraska Municipal fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Nuveen Nebraska Municipal, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Nuveen Nebraska Municipal?
The danger of trading Nuveen Nebraska Municipal is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nuveen Nebraska is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nuveen Nebraska. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nuveen Nebraska Municipal is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Nebraska Municipal. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Nuveen Nebraska Municipal information on this page should be used as a complementary analysis to other Nuveen Nebraska's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.