Nuveen Mutual Fund Quote

NCSPX -  USA Fund  

USD 11.72  0.01  0.09%

Nuveen California is trading at 11.72 as of the 22nd of September 2021; that is -0.09% down since the beginning of the trading day. The fund's open price was 11.73. Nuveen California has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Nuveen California Tax-Free are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of January 2020 and ending today, the 22nd of September 2021. Click here to learn more.
 Market Performance
7 of 100
  Odds Of Distress
Less than 1

Nuveen California Mutual Fund Profile

The investment seeks a high level of current interest income exempt from regular federal, California State and, in some cases, California local income taxes as is consistent with preservation of capital. Nuveen California is traded on NASDAQ Exchange in the United States. more on Nuveen California
Nuveen California generates negative expected return over the last 90 days
Nuveen California is unlikely to experience financial distress in the next 2 years
The fund maintains about 99.94% of its assets in bonds
Legal NameNuveen California Tax-Free
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Nuveen California's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Beta In Three Year1.29
Startdate31st of January 2003
Nuveen California Tax-Free [NCSPX] is traded in USA and was established 22nd of September 2021. The fund is listed under Muni California Long category and is part of Nuveen family. Nuveen California now has accumulated 2.52 B in assets with minimum initial investment of 100 K. , while the total return for the last 3 years was 3.67%.
Check Nuveen California Probability Of Bankruptcy

Instrument Allocation

Nuveen California Target Price Odds Analysis

What are Nuveen California's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Nuveen California jumping above the current price in 90 days from now is about 90.98%. The Nuveen California Tax-Free probability density function shows the probability of Nuveen California mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Nuveen California has a beta of 0.0076. 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 Tax-Free will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Nuveen California is significantly underperforming DOW.
 Odds Down 11.72HorizonTargetOdds Up 11.72 
8.00%90 days
Based on a normal probability distribution, the odds of Nuveen California to move above the current price in 90 days from now is about 90.98 (This Nuveen California Tax-Free probability density function shows the probability of Nuveen Mutual 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.

Nuveen California Against Markets

Picking the right benchmark for Nuveen California 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 California 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 California is critical whether you are bullish or bearish towards Nuveen California Tax-Free at a given time.

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 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.

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Additionally, see Stocks Correlation. 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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When running Nuveen California price analysis, check to measure Nuveen California's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nuveen California is operating at the current time. Most of Nuveen California's value examination focuses on studying past and present price action to predict the probability of Nuveen California's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nuveen California's price. Additionally, you may evaluate how the addition of Nuveen California to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Nuveen California's value and its price as these two are different measures arrived at by different means. Investors typically determine Nuveen California value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen California's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.