Nuveen Real Correlations

FREAX Fund

USD 14.36 0.03 0.21%

The current 90-days correlation between Nuveen Real Estate and Blackrock Hi Yld is 0.1 (i.e., Average diversification). The correlation of Nuveen Real 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 Real Correlation With Market

Good diversification

The correlation between Nuveen Real Estate and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Real Estate and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Nuveen Real Estate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Nuveen Mutual Fund

0.73	FR	First Industrial Realty	Pair Corr
0.68	OZ	Belpointe PREP LLC	Pair Corr
0.66	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.62	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.64	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.63	DOUG	Douglas Elliman	Pair Corr
0.74	VNO-PL	Vornado Realty Trust	Pair Corr
0.71	VNO-PM	Vornado Realty Trust	Pair Corr
0.67	VNO-PN	Vornado Realty Trust	Pair Corr
0.61	MITT-PA	AG Mortgage Investment	Pair Corr
0.73	MITT-PB	AG Mortgage Investment	Pair Corr
0.75	MITT-PC	AG Mortgage Investment	Pair Corr
0.72	ELME	Elme Communities	Pair Corr
0.65	ESBA	Empire State Realty	Pair Corr
0.63	CDR-PC	Cedar Realty Trust	Pair Corr
0.64	ESRT	Empire State Realty Earnings Call This Week	Pair Corr

Moving against Nuveen Mutual Fund

0.65	WETH	Wetouch Technology Common	Pair Corr
0.6	WHLR	Wheeler Real Estate	Pair Corr
0.48	ADC	Agree Realty Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BHYSX	MDDVX	OOSAX	BWLIX	FMIHX
BHYSX		0.97	0.96	0.98	0.96	BHYSX
MDDVX	0.97		0.96	0.97	0.96	MDDVX
OOSAX	0.96	0.96		0.96	0.95	OOSAX
BWLIX	0.98	0.97	0.96		0.99	BWLIX
FMIHX	0.96	0.96	0.95	0.99		FMIHX
	BHYSX	MDDVX	OOSAX	BWLIX	FMIHX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Real 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 Real'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
BHYSX	0.15	0.06	(0.23)	0.52	0.00	(0.24)	0.57	(0.28)	1.00
MDDVX	0.60	0.16	0.02	(1.82)	0.63	(0.67)	1.53	(1.19)	3.92
OOSAX	0.11	0.05	0.00	3.77	0.00	0.00	0.32	(0.16)	0.95
BWLIX	0.68	0.06	0.05	0.19	0.63	(0.74)	1.85	(1.16)	4.73
FMIHX	0.63	0.00	(0.02)	0.13	0.69	(0.72)	1.60	(1.38)	4.61

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC