Nuveen Mid Correlations
The correlation of Nuveen Mid is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Nuveen |
Moving together with Nuveen Mutual Fund
Moving against Nuveen Mutual Fund
| 0.51 | TRV | The Travelers Companies | PairCorr |
| 0.44 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.31 | HPQ | HP Inc | PairCorr |
Related Correlations Analysis
| 1.0 | 0.96 | 0.95 | 0.89 | 0.51 | 0.92 | OGMCX | ||
| 1.0 | 0.96 | 0.95 | 0.89 | 0.52 | 0.91 | IOGYX | ||
| 0.96 | 0.96 | 1.0 | 0.89 | 0.57 | 0.92 | AGGWX | ||
| 0.95 | 0.95 | 1.0 | 0.88 | 0.56 | 0.92 | FEGOX | ||
| 0.89 | 0.89 | 0.89 | 0.88 | 0.64 | 0.83 | XGGNX | ||
| 0.51 | 0.52 | 0.57 | 0.56 | 0.64 | 0.47 | GLRBX | ||
| 0.92 | 0.91 | 0.92 | 0.92 | 0.83 | 0.47 | UIPMX | ||
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Risk-Adjusted Indicators
There is a big difference between Nuveen Mutual Fund performing well and Nuveen Mid Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Nuveen Mid's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OGMCX | 1.37 | 0.30 | (0.03) | (0.20) | 1.79 | 2.87 | 10.45 | |||
| IOGYX | 1.36 | 0.31 | (0.02) | (0.23) | 1.78 | 2.84 | 10.46 | |||
| AGGWX | 1.51 | 0.33 | (0.02) | (0.19) | 2.01 | 3.08 | 11.80 | |||
| FEGOX | 1.35 | 0.27 | (0.05) | (0.16) | 1.74 | 2.58 | 9.95 | |||
| XGGNX | 0.60 | 0.09 | (0.17) | (0.42) | 0.64 | 1.33 | 4.00 | |||
| GLRBX | 0.25 | 0.05 | (0.29) | 0.38 | 0.00 | 0.62 | 1.95 | |||
| UIPMX | 1.56 | 0.30 | (0.06) | (0.07) | 2.18 | 3.26 | 11.90 |