Nuveen California Amt Fund Manager Performance Evaluation
| NKX Fund | USD 11.82 0.21 1.75% |
The fund secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. 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.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Nuveen California Amt are ranked lower than 11 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward-looking signals, Nuveen California is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors.
...more1 | Nuveen Calfrna AMT-Free Qlty Mncpl IncFd Stock What Does the Chart Say Tuesday - InvestorsObserver | 01/30/2024 |
2 | Trading Signals - Stock Traders Daily.com | 02/22/2024 |
3 | Do Traders Think Nuveen Calfrna AMT-Free Qlty Mncpl IncFd Can Keep Climbing Tuesday - InvestorsObserver | 03/19/2024 |
4 | On The My Stocks Page - News Stock Traders Daily | 04/23/2024 |
| Expense Ratio | 1.4100 |
Nuveen |
Nuveen California Relative Risk vs. Return Landscape
If you would invest 1,118 in Nuveen California Amt on January 26, 2024 and sell it today you would earn a total of 64.00 from holding Nuveen California Amt or generate 5.72% return on investment over 90 days. Nuveen California Amt is generating 0.0917% of daily returns assuming volatility of 0.6101% on return distribution over 90 days investment horizon. In other words, 5% 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 $11.85 per share. The latest price of the fund is $11.82. 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.
Our valuation method for Nuveen California Amt is useful when determining the fair value of the Nuveen fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Nuveen California. 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 11.82 | Real 11.85 | Hype 11.81 | Naive 11.89 |
The real value of Nuveen Fund, also known as its intrinsic value, is the underlying worth of Nuveen California Amt Fund, which is reflected in its stock price. It is based on Nuveen California's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. 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 = 0.1502
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Estimated Market Risk
| 0.61 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Nuveen California is performing at about 11% of its full potential. 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 it 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
To evaluate Nuveen California Amt Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Nuveen California generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Nuveen Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Nuveen California Amt market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Nuveen's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
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. Nuveen California AMT-Free Quality Municipal Income Fund was formed on November 21, 2002 and is domiciled in the United States. Nuveen Insured is traded on New York Stock Exchange 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.| Latest headline from news.google.com: On The My Stocks Page - News Stock Traders Daily | |
| The fund generated three year return of -4.0% |
- 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen California Amt. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.