Nuveen California Financials
| NKX Fund | USD 12.78 0.03 0.24% |
Nuveen |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Nuveen California Fund Summary
Nuveen California competes with BlackRock California, Blackrock Muniyield, Munivest Fund, Pimco California, and Pimco California. Nuveen California AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of California, United States. The fund primarily invests in undervalued municipal securities and other related investments the income which are exempt from regular federal and California income taxes and are rated Baa, BBB or higher with an average maturity of 20.17 years. It employs fundamental analysis with a bottom-up approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard Poors California Municipal Bond Index and the SP National Municipal Bond Index. It was formerly known as Nuveen California AMT-Free Municipal Income Fund. Nuveen California AMT-Free Quality Municipal Income Fund was formed on November 21, 2002 and is domiciled in the United States.Specialization | null, Muni California Long |
| Instrument | USA Fund View All |
| Exchange | New York Stock Exchange |
| ISIN | US6706511085 |
| CUSIP | 670651108 |
| Location | Illinois; U.S.A |
| Business Address | 333 West Wacker |
| Fund Family | Financial Services |
| Fund Category | Asset Management |
| Benchmark | Dow Jones Industrial |
| Website | www.nuveen.com/cef/product/overview.aspx?fundcode=nkx |
| Phone | 312 917 7700 |
| Currency | USD - US Dollar |
Nuveen California Key Financial Ratios
Nuveen Financial Ratios 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 Amt is rated below average in price to earning among similar funds. It is rated below average in price to book among similar funds fabricating about 0.03 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Nuveen California Amt is roughly 28.70 . 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 California Amt Systematic Risk
Nuveen California's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nuveen California volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Nuveen California Amt correlated with the market. If Beta is less than 0 Nuveen California generally moves in the opposite direction as compared to the market. If Nuveen California Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nuveen California Amt is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nuveen California is generally in the same direction as the market. If Beta > 1 Nuveen California moves generally in the same direction as, but more than the movement of the benchmark.
Nuveen California March 23, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Nuveen California help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nuveen California Amt. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nuveen California Amt based on widely used predictive technical indicators. In general, we focus on analyzing Nuveen Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nuveen California's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.9301 | |||
| Information Ratio | 0.0811 | |||
| Maximum Drawdown | 4.07 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.45 |
Other Information on Investing in Nuveen Fund
Nuveen California financial ratios help investors to determine whether Nuveen Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nuveen with respect to the benefits of owning Nuveen California security.
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