Nuveen California Municipal Fund Fundamentals
| NCSPX Fund | USD 10.01 0.03 0.30% |
Nuveen California Municipal fundamentals help investors to digest information that contributes to Nuveen California's financial success or failures. It also enables traders to predict the movement of Nuveen Mutual Fund. The fundamental analysis module provides a way to measure Nuveen California's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nuveen California mutual fund.
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Nuveen California Municipal Mutual Fund Annual Yield Analysis
Nuveen California's Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Current Nuveen California Annual Yield | 0.01 % |
Most of Nuveen California's fundamental indicators, such as Annual Yield, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nuveen California Municipal is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
| Competition |
In accordance with the recently published financial statements, Nuveen California Municipal has an Annual Yield of 0.0056%. This is 99.47% lower than that of the Nuveen family and significantly higher than that of the Muni California Long category. The annual yield for all United States funds is notably lower than that of the firm.
Nuveen California Fundamental Drivers Relationships
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. You can analyze the relationship between different fundamental ratios across Nuveen California competition to find correlations between indicators driving Nuveen California's intrinsic value. More Info.Nuveen California Municipal is number one fund in annual yield among similar funds. It is number one fund in year to date return among similar funds creating about 7.79 of Year To Date Return per Annual Yield. Comparative valuation analysis is a catch-all model that can be used if you cannot value Nuveen California by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nuveen California's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 Annual Yield Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nuveen California's direct or indirect competition against its Annual Yield to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Nuveen California could also be used in its relative valuation, which is a method of valuing Nuveen California by comparing valuation metrics of similar companies.Nuveen California is currently under evaluation in annual yield among similar funds.
Fund Asset Allocation for Nuveen California
The fund invests most of its asset under management in bonds or other fixed income securities. .Asset allocation divides Nuveen California's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Nuveen Fundamentals
| Total Asset | 2.53 B | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 0.04 % | ||||
| One Year Return | 3.71 % | ||||
| Three Year Return | (1.95) % | ||||
| Five Year Return | 1.00 % | ||||
| Ten Year Return | 5.40 % | ||||
| Net Asset | 1.44 B | ||||
| Minimum Initial Investment | 100 K | ||||
| Last Dividend Paid | 0.02 | ||||
| Cash Position Weight | 0.01 % | ||||
| Bond Positions Weight | 99.97 % |
About Nuveen California Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nuveen California Municipal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nuveen California using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nuveen California Municipal based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.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 California personal income tax. These municipal bonds include obligations issued by the State of California and its subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories.
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Try AI Portfolio ArchitectCheck 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 mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.