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Nuveen Select Tax Freeome Portfolio (Nuveen Select Tax Freeome Portfolio) Momentum Rank : 5 (As of May. 08, 2024)


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What is Nuveen Select Tax Freeome Portfolio Momentum Rank?

Nuveen Select Tax Freeome Portfolio has the Momentum Rank of 5.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Nuveen Select Tax Freeome Portfolio's Momentum Rank

For the Asset Management subindustry, Nuveen Select Tax Freeome Portfolio's Momentum Rank, along with its competitors' market caps and Momentum Rank 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 Select Tax Freeome Portfolio's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Select Tax Freeome Portfolio's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nuveen Select Tax Freeome Portfolio's Momentum Rank falls into.


Nuveen Select Tax Freeome Portfolio Momentum Rank Related Terms

Thank you for viewing the detailed overview of Nuveen Select Tax Freeome Portfolio's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Nuveen Select Tax Freeome Portfolio (Nuveen Select Tax Freeome Portfolio) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Select Tax Free Income Portfolio (NYSE:NXP) » Definitions » Momentum Rank
Comparable Companies
PHK EIM JPC THQ MYI TCPC FFC FAX VVR BSIG BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Website
https://www.nuveen.com
Nuveen Select Tax Free Income Portfolio is a diversified closed-end investment company. It seeks to provide current income and stable dividends, exempt from regular federal and designated state income taxes, consistent with the preservation of capital by investing primarily in a portfolio of municipal obligations.
Executives
Trey Iii Stenersen officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brett Black officer: Chief Compliance Officer 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
John M. Mccann officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r. other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Joanne Medero other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Matthew Iii Thornton other: Trustee 3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Deann Morgan officer: Vice President TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281
Jon Scott Meissner officer: Vice President 333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Jacques M Longerstaey officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brian J Lockhart officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
E. Scott Wickerham officer: Vice President C/O NUVEEN, STE 3400, CHICAGO IL 60606
Gifford R Zimmerman officer: Chief Administrative Officer 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Demark L Winget officer: Vice President C/O NUVEEN INVESTMENTS, 333 W WACKER DRIVE, CHICAGO IL 60606
William T. Meyers officer: Vice President C/O NUVEEN, 333 W. WACKER DRIVE, CHICAGO IL 60606
Stephen Candido other: Portfolio Manager C/O NUVEEN, 333 W. WACKER DRIVE, CHICAGO IL 60606

Nuveen Select Tax Freeome Portfolio (Nuveen Select Tax Freeome Portfolio) Headlines

From GuruFocus

Nuveen Select Tax-Free Income Portfolios Announce Shareholder Approval of Reorganization

By Business Wire Business Wire • 10-29-2021

Nuveen Select Tax-Free Income Portfolio Announces Monthly Distribution

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Nuveen Select Tax-Free Income Portfolios Announce Proposed Reorganization

By Business Wire Business Wire • 05-26-2021

NXP Is Selling Below What It Bought Itself For

By Mark Yu Mark Yu • 12-27-2018

Nuveen Closed-End Funds Declare Pre-Reorganization Distributions

By Business Wire Business Wire • 11-23-2021

Nuveen Select Tax-Free Income Portfolios Reorganization Complete

By Business Wire Business Wire • 12-06-2021