Nuveen Strategic Municipal Fund Quote
| NSAOX Fund | USD 9.86 0.01 0.10% |
Performance4 of 100
| Odds Of DistressLess than 21
|
Nuveen Strategic is trading at 9.86 as of the 19th of April 2024; that is 0.10 percent up since the beginning of the trading day. The fund's open price was 9.85. Nuveen Strategic has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Nuveen Strategic Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 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 personal income tax. It may invest in bonds of any maturity. More on Nuveen Strategic Municipal
Moving together with Nuveen Mutual Fund
| 0.73 | EMGRX | Nuveen Small Cap | PairCorr |
| 0.84 | NPSAX | Nuveen Preferred Sec | PairCorr |
| 0.82 | NPSFX | Nuveen Preferred Sec | PairCorr |
| 0.81 | FRMPX | Nuveen Small Cap | PairCorr |
| 0.71 | NQGIX | Nuveen Nwq Global | PairCorr |
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 Strategic's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nuveen Strategic 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, High Yield Muni Funds, High Yield Muni, Nuveen (View all Sectors) |
| Update Date | 31st of March 2024 |
Nuveen Strategic Municipal [NSAOX] is traded in USA and was established 19th of April 2024. Nuveen Strategic is listed under Nuveen category by Fama And French industry classification. The fund is listed under High Yield Muni category and is part of Nuveen family. This fund now has accumulated 138.5 M in assets with no minimum investment requirementsNuveen Strategic Mun is currently producing year-to-date (YTD) return of 1.03% with the current yeild of 0.0%, while the total return for the last 3 years was -1.35%.
Check Nuveen Strategic Probability Of Bankruptcy
Instrument Allocation
Nuveen Strategic Target Price Odds Analysis
Based on a normal probability distribution, the odds of Nuveen Strategic jumping above the current price in 90 days from now is about 74.61%. The Nuveen Strategic Municipal probability density function shows the probability of Nuveen Strategic mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Nuveen Strategic has a beta of 0.1081. This indicates as returns on the market go up, Nuveen Strategic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nuveen Strategic Municipal will be expected to be much smaller as well. Additionally, nuveen Strategic 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 Strategic to move above the current price in 90 days from now is about 74.61 (This Nuveen Strategic Municipal probability density function shows the probability of Nuveen Mutual Fund to fall within a particular range of prices over 90 days) .
Nuveen Strategic Mun Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nuveen Strategic market risk premium is the additional return an investor will receive from holding Nuveen Strategic 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 Strategic. 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 Strategic's alpha and beta are two of the key measurements used to evaluate Nuveen Strategic's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1672 | |||
| Semi Deviation | 0.2225 | |||
| Standard Deviation | 0.2369 | |||
| Variance | 0.0561 |
Nuveen Strategic Against Markets
Picking the right benchmark for Nuveen Strategic 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 Strategic 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 Strategic is critical whether you are bullish or bearish towards Nuveen Strategic Municipal at a given time. Please also check how Nuveen Strategic's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Nuveen Strategic 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 Strategic, 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 Strategic. To buy Nuveen Strategic fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nuveen Strategic. 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 Strategic fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nuveen Strategic 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 Strategic 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 Strategic 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 Strategic Municipal?
The danger of trading Nuveen Strategic 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 Strategic 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 Strategic. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nuveen Strategic Mun 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 Strategic 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 persons. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .