What is Nuveen Arizona Quality Municipalome Fund 6-1 Month Momentum %?
6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-22), Nuveen Arizona Quality Municipalome Fund's 6-1 Month Momentum % is 3.59%.
For the Asset Management subindustry, Nuveen Arizona Quality Municipalome Fund's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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 Arizona Quality Municipalome Fund's 6-1 Month Momentum % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Arizona Quality Municipalome Fund's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Nuveen Arizona Quality Municipalome Fund's 6-1 Month Momentum % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Nuveen Arizona Quality Municipalome Fund 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Nuveen Arizona Quality Municipalome Fund's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Nuveen Arizona Quality Municipalome Fund (Nuveen Arizona Quality Municipalome Fund) Business Description
Nuveen Arizona Quality Municipal Income Fund is a closed-end management investment company. Its primary investment objective is current income exempt from both regular federal income taxes and Arizona individual income taxes. The fund's secondary objective is to enhance the portfolio value relative to the Arizona municipal bond market through investments in tax-exempt Arizona Municipal Obligations that, in the opinion of the Fund's investment adviser, are underrated or undervalued or that represent municipal market sectors that are undervalued.
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