Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-17), Nuveen S&P 500 Buy-Writeome Fund's Beta is 0.79.
Nuveen S&P 500 Buy-Writeome Fund Beta 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.
Competitive Comparison of Nuveen S&P 500 Buy-Writeome Fund's Beta
For the Asset Management subindustry, Nuveen S&P 500 Buy-Writeome Fund's Beta, along with its competitors' market caps and Beta 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 S&P 500 Buy-Writeome Fund's Beta Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen S&P 500 Buy-Writeome Fund's Beta distribution charts can be found below:
* The bar in red indicates where Nuveen S&P 500 Buy-Writeome Fund's Beta falls into.
Nuveen S&P 500 Buy-Writeome 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 S&P 500 Buy-Writeome Fund (NYSE:BXMX) 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 S&P 500 Buy-Writeome Fund Beta Related Terms
Thank you for viewing the detailed overview of Nuveen S&P 500 Buy-Writeome Fund's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Nuveen S&P 500 Buy-Writeome Fund (Nuveen S&P 500 Buy-Writeome Fund) Business Description
Nuveen S&P 500 Buy-Write Income Fund is a diversified closed-ended management investment company based in the United States. Its investment objective is to seek attractive total returns with less volatility. The fund invests its managed assets in a diversified equity portfolio that seeks to substantially replicate price movements of the S&P 500 Index. It also uses an index options strategy of writing (selling) index call options in seeking to moderate the volatility of returns relative to an all-equity portfolio. Its revenue is generated mainly from interest and dividend income.
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