JCE Stock Summary and Trading Ideas (Nuveen Core Equity Alpha Common Shares Of Beneficial Interest | NYSE:JCE)

The investment objective of the Fund is to provide an attractive level of total return, primarily through long-term capital appreciation and secondarily through income and gains. The Fund invests in a portfolio of common stocks selected from the stocks comprising the S&P 500® Index, using a proprietary mathematical process designed by INTECH and also employs risk reduction techniques. Typically, the Fund's equity portfolio will hold 150 – 450 stocks included in the S&P 500® Index. The Fund also employs an option strategy that seeks to enhance the Fund's risk-adjusted performance over time by means of attempting to reduce volatility of the Fund's returns relative to the returns of the S&P 500® Index. The Fund expects to write (sell) call options on a custom basket of equities with a notional value of up to 50% of the value of the equity portfolio. The goal of the Fund's equity portfolio is to produce long-term returns in excess of the S&P 500® Index with an equal or lesser amount of risk. The firm's core risk controls are focused on minimizing the volatility of excess returns relative to the S&P 500® Index, so that any excess return is as consistent as possible and any relative underperformance is limited in magnitude and duration. INTECH seeks to generate excess returns by harnessing the natural volatility of stock prices to build a potentially more efficient portfolio than the S&P 500® Index. INTECH's investment process focuses solely on relative volatility and correlation. Specifically, the process searches for stocks with high relative volatility and low correlation, attempting to increase the potential for trading profits at time of rebalancing. The actual positioning of the portfolio from a sector and stock specific standpoint is a residual of the process, and the rationale for over and underweight positions is a function of the stocks' relative volatility and correlation characteristics in aggregate.

Nuveen Core Equity Alpha Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol JCE.

As of April 23, 2024, JCE stock price climbed to $13.81 with 58,682 million shares trading.

JCE has a beta of 1.04, meaning it tends to be more sensitive to market movements. JCE has a correlation of 0.55 to the broad based SPY ETF.

JCE has a market cap of $222.27 million. This is considered a Small Cap stock.

In the last 3 years, JCE stock traded as high as $18.60 and as low as $11.64.

JCE stock has underperformed the market in the last year with a return of +24.0%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in JCE shares. However, JCE has outperformed the market in the last 3 month and 2 week periods, returning +6.2% and -0.4%, while SPY returned +4.9% and -2.5%, respectively. This indicates JCE has been having a stronger performance recently.

JCE support price is $13.41 and resistance is $13.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JCE stock will trade within this expected range on the day.