Nuveen NY Select Tax-Freeome Port (Nuveen NY Select Tax-Freeome Port) Beta : 0.31 (As of May. 26, 2024)

Nuveen NY Select Tax-Freeome Port Beta Chart

Nuveen NY Select Tax-Freeome Port Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Aug22	Feb23	Aug23	Feb24
Beta	Get a 7-Day Free Trial								0.23	0.31	0.33	0.31	0.32

Competitive Comparison of Nuveen NY Select Tax-Freeome Port's Beta

For the Asset Management subindustry, Nuveen NY Select Tax-Freeome Port's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nuveen NY Select Tax-Freeome Port's Beta Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen NY Select Tax-Freeome Port's Beta distribution charts can be found below:

* The bar in red indicates where Nuveen NY Select Tax-Freeome Port's Beta falls into.

Nuveen NY Select Tax-Freeome Port Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

Nuveen NY Select Tax-Freeome Port  (NYSE:NXN) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

Nuveen NY Select Tax-Freeome Port Beta Related Terms

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Nuveen NY Select Tax-Freeome Port (Nuveen NY Select Tax-Freeome Port) Business Description