What is Nuveen Diversified Commodity Fund Net Current Asset Value?
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
The historical rank and industry rank for Nuveen Diversified Commodity Fund's Net Current Asset Value or its related term are showing as below:
CFD's Price-to-Net-Current-Asset-Value is not ranked *
in the Capital Markets industry.
Industry Median: 3.24 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Nuveen Diversified Commodity Fund Net Current Asset Value Historical Data
* 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.
* Premium members only.
Nuveen Diversified Commodity Fund Net Current Asset Value Chart
Competitive Comparison of Nuveen Diversified Commodity Fund's Net Current Asset Value
For the Capital Markets subindustry, Nuveen Diversified Commodity Fund's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Diversified Commodity Fund's Price-to-Net-Current-Asset-Value Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nuveen Diversified Commodity Fund's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Nuveen Diversified Commodity Fund's Price-to-Net-Current-Asset-Value falls into.
Nuveen Diversified Commodity Fund Net Current Asset Value Calculation
Nuveen Diversified Commodity Fund's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2015 is calculated as
* 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.
Nuveen Diversified Commodity Fund (AMEX:CFD) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Nuveen Diversified Commodity Fund Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Nuveen Diversified Commodity Fund's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Nuveen Diversified Commodity Fund (Nuveen Diversified Commodity Fund) Business Description
Nuveen Diversified Commodity Fund was organized as a Delaware statutory trust on December 7, 2005, to operate as a commodity pool. The Fund commenced operations on September 27, 2010, with its initial public offering. Prior to the initial public offering, the Fund was inactive except for matters relating to its organization and registration. The Fund's investment objective is to generate higher risk-adjusted total return than commodity market benchmarks. In pursuing its investment objective, the Fund invests in a diversified portfolio of commodity futures and forward contracts to obtain broad exposure to all principal groups in the commodity markets.
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