Nuveen Connecticut Dividend Advantage Municipal Fund (NFC)
Nuveen Connecticut Dividend Advantage Municipal Fund Beneish M-Score
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About Beneish M Score
The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.
The best cut-off point depends on the costs mistakenly classifying in one of two ways:
1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).
Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):
M Score HTML Table:
| Score | Relative Error Costs (Type I:Type II) |
|---|---|
| M Score > -1.49 | (10:1) | M Score > -1.78 | (20:1) | M Score > -1.89 | (40+:1) |
Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.
If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.
Learn More
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NFC News
I need all the ones that horizon Alerted recently that im currently stuck in way down $RCON $AMRI $NFC $SINO and more to go up a lot
about 27 days ago by epime7heus
about 27 days ago by epime7heus
CORRECTING and REPLACING Several Nuveen Closed-End Funds Declare Capital Gains
Dec 06, 10:34AM Business Wire
Dec 06, 10:34AM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NFC | 14.52 | +0.01 | +0.07% | |
| NFBK | 13.30 | -0.27 | -1.99% | 548.77M |
| NEXS | 0.47 | +0.05 | +11.93% | 6.907M |
| NEWT | 1.343 | +0.01 | +0.99% | 49.17M |
| NEWS | 11.17 | -0.69 | -5.82% | 586.36M |
| NEWP | 12.04 | -0.28 | -2.27% | 465.33M |
| NEWN | 0.6001 | -0.03 | -4.75% | 9.166M |
| NEWL | 1.562 | -0.10 | -5.90% | 13.01M |
| NEV | 15.57 | +0.04 | +0.26% | |
| NEU | 215.62 | -2.16 | -0.99% | 2.918B |
