Nuveen Dynamic Municipal Opportunities (Nuveen Dynamic Municipal Opportunities) Momentum Rank : 7 (As of May. 12, 2024)

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What is Nuveen Dynamic Municipal Opportunities Momentum Rank?

Nuveen Dynamic Municipal Opportunities has the Momentum Rank of 7.

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 Dynamic Municipal Opportunities's Momentum Rank

For the Asset Management subindustry, Nuveen Dynamic Municipal Opportunities'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 Dynamic Municipal Opportunities's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Dynamic Municipal Opportunities's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nuveen Dynamic Municipal Opportunities's Momentum Rank falls into.

Nuveen Dynamic Municipal Opportunities Momentum Rank Related Terms

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Nuveen Dynamic Municipal Opportunities (Nuveen Dynamic Municipal Opportunities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Dynamic Municipal Opportunities (NYSE:NDMO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 West Wacker Drive, Chicago, IL, USA, 60606

Website

https://www.nuveen.com

Nuveen Dynamic Municipal Opportunities is a closed-end management investment company. The investment objective of the Fund is to seek total return through income exempt from regular federal income taxes and capital appreciation.

Executives

Trey Iii Stenersen	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Toronto Dominion Investments, Inc.	10 percent owner	909 FANIN, SUITE 1950, HOUSTON TX 77010
Toronto Dominion Holdings Usa Inc	10 percent owner	40 WALL STREET, NEW YORK NY 10003
Dominion Bank Toronto	10 percent owner	66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Td Group Us Holdings Llc	10 percent owner	251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
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
Joanne Medero	other: Trustee	333 W. 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
Matthew Iii Thornton	other: Trustee	3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Michael S. Hamilton	other: Portfolio Manager	C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, CHICAGO IL 60606
Christopher L Drahn	other: Portfolio Manager	800 NICOLLET MALL, MAIL STOP BC-MN-H21C, MINNEAPOLIS MN 55402
Judith M Stockdale	other: Trustee	333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Paul L Brennan	other: Portfolio Manager	333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Gifford R Zimmerman	officer: Vice President & Secretary	333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606