Nuveen California Select Stock Market Value
| NXC Stock | USD 13.72 0.01 0.07% |
| Symbol | Nuveen |
Nuveen California Select Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nuveen California. If investors know Nuveen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nuveen California listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 13.302 | Dividend Share 0.528 | Earnings Share 0.8 | Revenue Per Share 0.581 | Quarterly Revenue Growth 0.016 |
The market value of Nuveen California Select is measured differently than its book value, which is the value of Nuveen that is recorded on the company's balance sheet. Investors also form their own opinion of Nuveen California's value that differs from its market value or its book value, called intrinsic value, which is Nuveen California's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nuveen California's market value can be influenced by many factors that don't directly affect Nuveen California's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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 if Nuveen California is a good investment 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.
Nuveen California 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nuveen California's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nuveen California.
| 10/11/2024 |
| 11/10/2024 |
If you would invest 0.00 in Nuveen California on October 11, 2024 and sell it all today you would earn a total of 0.00 from holding Nuveen California Select or generate 0.0% return on investment in Nuveen California over 30 days. Nuveen California is related to or competes with Eaton Vance, Invesco High, Blackrock Muniholdings, MFS Investment, and Federated Premier. Nuveen California Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investm... More
Nuveen California Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nuveen California's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nuveen California Select upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6643 | |||
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 2.91 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.9413 |
Nuveen California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuveen California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuveen California's standard deviation. In reality, there are many statistical measures that can use Nuveen California historical prices to predict the future Nuveen California's volatility.| Risk Adjusted Performance | 0.0136 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.094 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuveen California's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nuveen California Select Backtested Returns
At this point, Nuveen California is very steady. Nuveen California Select has Sharpe Ratio of 0.0255, which conveys that the firm had a 0.0255% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nuveen California, which you can use to evaluate the volatility of the firm. Please verify Nuveen California's Downside Deviation of 0.6643, risk adjusted performance of 0.0136, and Mean Deviation of 0.4658 to check out if the risk estimate we provide is consistent with the expected return of 0.0153%. Nuveen California has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0307, which conveys not very significant fluctuations relative to the market. 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. Nuveen California Select right now secures a risk of 0.6%. Please verify Nuveen California Select downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Nuveen California Select will be following its current price movements.
Auto-correlation | -0.63 |
Very good reverse predictability
Nuveen California Select has very good reverse predictability. Overlapping area represents the amount of predictability between Nuveen California time series from 11th of October 2024 to 26th of October 2024 and 26th of October 2024 to 10th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nuveen California Select price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Nuveen California price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuveen California Select lagged returns against current returns
Autocorrelation, which is Nuveen California stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nuveen California's stock expected returns. We can calculate the autocorrelation of Nuveen California returns to help us make a trade decision. For example, suppose you find that Nuveen California has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nuveen California regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nuveen California stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuveen California stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuveen California stock over time.
Current vs Lagged Prices |
| Timeline |
Nuveen California Lagged Returns
When evaluating Nuveen California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuveen California stock have on its future price. Nuveen California autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nuveen California autocorrelation shows the relationship between Nuveen California stock current value and its past values and can show if there is a momentum factor associated with investing in Nuveen California Select.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Nuveen California Select offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nuveen California's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nuveen California Select Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nuveen California Select Stock:Check out Nuveen California Correlation, Nuveen California Volatility and Nuveen California Alpha and Beta module to complement your research on Nuveen California. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Nuveen California technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.