NXJ (Nuveen New Jersey Quality Municipalome Fund) Beta: N/A (As of Jul. 05, 2026)


NXJ Nuveen New Jersey Quality Municipal Income Fund NXJ
12 GF Score
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What is Nuveen New Jersey Quality Municipalome Fund Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-05), Nuveen New Jersey Quality Municipalome Fund's Beta is Not available.

Nuveen New Jersey Quality Municipalome Fund  (NYSE:NXJ) 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 New Jersey Quality Municipalome Fund Beta Related Terms

Nuveen New Jersey Quality Municipalome Fund Beta Historical Data

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The historical data trend for Nuveen New Jersey Quality Municipalome Fund's Beta can be seen below:

* 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 New Jersey Quality Municipalome Fund Beta Chart

Nuveen New Jersey Quality Municipalome Fund Annual Data
Trend Apr15 Apr16 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Aug25
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.28 0.46 0.68 0.80

Nuveen New Jersey Quality Municipalome Fund Semi-Annual Data
Oct15 Apr16 Oct16 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.68 0.67 0.70 0.80
NXJ
12GF Score
Nuveen New Jersey Quality Municipal Income Fund NXJ
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Nuveen New Jersey Quality Municipalome Fund 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 New Jersey Quality Municipalome Fund Business Description

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen New Jersey Quality Municipal Income Fund is a closed-end investment management company. The Fund seeks to provide current income exempt from regular federal, New York State and New York City income taxes, and from the federal alternative minimum tax for individuals, while enhancing portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds considered underrated, undervalued, or from undervalued municipal market sectors. It may invest in municipal securities such as lease obligations and certificates of participation, which provide an undivided interest in pools of municipal leases or installment purchase agreements.
12GF Score

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