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NELAX
Mutual Fund ticker: NASDAQ
AS OF
Jun 26 closing price
Price
$60.17
Change
+$0.45 (+0.75%)
Net Assets
144.42M

NELAX Nuveen Equity Long/Short A Forecast, Technical & Fundamental Analysis

The investment seeks long-term capital appreciation with low correlation to the U... Show more

Category: #Long-Short
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Broadcom Inc. (NASDAQ:AVGO), Meta Platforms (NASDAQ:META), JPMorgan Chase & Co (NYSE:JPM), Walt Disney Company (The) (NYSE:DIS), Applied Materials (NASDAQ:AMAT).

Industry description

The investment seeks long-term capital appreciation with low correlation to the U.S. equity market. The fund pursues its investment objective by establishing long and short positions in a diversified portfolio of equity securities. Substantially all of the equity securities in which the fund takes long and short positions will be included in the fund's benchmark index, the Russell 1000 Index, at the time the position is taken. As a result, the fund will invest significantly in large-capitalization companies, though it may also invest in mid-capitalization companies.

Market Cap

The average market capitalization across the Nuveen Equity Long/Short A MF is 1.73T. The market cap for tickers in the group ranges from 173.36B to 3.78T. NVDA holds the highest valuation in this group at 3.78T. The lowest valued company is AMAT at 173.36B.

Volume

The average weekly volume growth across all stocks in the Nuveen Equity Long/Short A MF was 15%. For the same stocks of the MF, the average monthly volume growth was 4% and the average quarterly volume growth was 27%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 67
P/E Growth Rating: 65
Price Growth Rating: 28
SMR Rating: 29
Profit Risk Rating: 30
Seasonality Score: 21 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LongShort

Profile
Fundamentals
Details
Category
Long-Short Equity
Address
C/O John Nuveen & Co Inc333 W Wacker Dr 32nd FlChicago
Phone
N/A
Web
www.nuveen.com
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NELAX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, NELAX has been closely correlated with NLSCX. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if NELAX jumps, then NLSCX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NELAX
1D Price
Change %
NELAX100%
N/A
NLSCX - NELAX
89%
Closely correlated
N/A
DHLSX - NELAX
84%
Closely correlated
N/A
REMIX - NELAX
74%
Closely correlated
N/A
QLERX - NELAX
72%
Closely correlated
N/A
QLENX - NELAX
72%
Closely correlated
N/A
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