Nuveen California Municipal Fund Quote
| NCA Fund | USD 8.61 0.18 2.05% |
Performance0 of 100
| Odds Of DistressLess than 27
|
Nuveen California is trading at 8.61 as of the 16th of April 2024, a -2.05 percent decrease since the beginning of the trading day. The fund's open price was 8.79. Nuveen California has about a 27 % 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 California Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of March 2024 and ending today, the 16th of April 2024. Click here to learn more.
Nuveen California Municipal Value Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. Nuveen California Municipal Value Fund was formed on October 7, 1987 and is domiciled in the United States. Nuveen California is traded on New York Stock Exchange in the United States.. The company has 33.11 M outstanding shares of which 34.43 K shares are now shorted by investors with about 0.51 days to cover. More on Nuveen California Municipal
Nuveen 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 California's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nuveen California or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Terence Toth |
| Old Names | [New Century AIM VCT Plc, Ceiba Energy Services Inc. (NCA, Collector AB (publ)] |
| Fund Concentration | Muni California Long Funds, Asset Management, Financial Services (View all Sectors) |
| Update Date | 31st of March 2024 |
Nuveen California Municipal [NCA] is traded in USA and was established 16th of April 2024. The fund is not categorized under any group at the present time. Nuveen California now has in assets with no minimum investment requirementsThe fund is currently generating return of 0.4% with the current yeild of 0.0%, while the total return for the last 3 years was -1.57%.
Check Nuveen California Probability Of Bankruptcy
Nuveen California Target Price Odds Analysis
What are Nuveen California's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Nuveen California jumping above the current price in 90 days from now is close to 99%. The Nuveen California Municipal probability density function shows the probability of Nuveen California fund to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Nuveen California has a beta of 0.3109. This indicates as returns on the market go up, Nuveen California average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nuveen California Municipal will be expected to be much smaller as well. Additionally, nuveen California 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 California to move above the current price in 90 days from now is close to 99 (This Nuveen California Municipal probability density function shows the probability of Nuveen Fund to fall within a particular range of prices over 90 days) .
Nuveen California Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nuveen California market risk premium is the additional return an investor will receive from holding Nuveen California 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 California. 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 California's alpha and beta are two of the key measurements used to evaluate Nuveen California's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.11) |
Nuveen California Against Markets
Picking the right benchmark for Nuveen California 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 California 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 California is critical whether you are bullish or bearish towards Nuveen California Municipal at a given time. Please also check how Nuveen California'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 California 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 Fund?
Before investing in Nuveen California, 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 California. To buy Nuveen California fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nuveen California. 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 California fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nuveen California 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 California 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 California 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 California Municipal?
The danger of trading Nuveen California Municipal is mainly related to its market volatility and 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 California 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 California. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nuveen California 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 California Municipal. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Nuveen California information on this page should be used as a complementary analysis to other Nuveen California'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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.