Nuveen Preferred Correlations

JPI Etf

USD 20.65 0.06 0.29%

The current 90-days correlation between Nuveen Preferred and PGIM Short Duration is 0.34 (i.e., Weak diversification). The correlation of Nuveen Preferred 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.

Nuveen Preferred Correlation With Market

Significant diversification

The correlation between Nuveen Preferred and and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Preferred and and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nuveen Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Preferred and. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Nuveen Etf

0.71	OIH	VanEck Oil Services	Pair Corr
0.82	WTMF	WisdomTree Managed	Pair Corr
0.81	EWC	iShares MSCI Canada	Pair Corr
0.63	BST	BlackRock Science Tech	Pair Corr
0.77	IRET	iREIT MarketVector	Pair Corr
0.8	ITA	iShares Aerospace Defense Low Volatility	Pair Corr
0.86	MBCC	Northern Lights	Pair Corr
0.85	SCHF	Schwab International	Pair Corr
0.9	SHRY	First Trust Bloomberg	Pair Corr
0.77	XYLD	Global X SP	Pair Corr
0.82	PICK	iShares MSCI Global Low Volatility	Pair Corr
0.89	VIOO	Vanguard SP Small	Pair Corr
0.67	EDOG	ALPS Emerging Sector	Pair Corr
0.85	QQQM	Invesco NASDAQ 100 Sell-off Trend	Pair Corr
0.67	EMMF	WisdomTree Emerging	Pair Corr
0.78	MINT	PIMCO Enhanced Short	Pair Corr
0.79	GYLD	Arrow ETF Trust	Pair Corr
0.64	CGGR	Capital Group Growth	Pair Corr
0.8	FTCS	First Trust Capital	Pair Corr
0.9	VB	Vanguard Small Cap	Pair Corr
0.82	FGD	First Trust Dow	Pair Corr
0.78	DFEN	Direxion Daily Aerospace	Pair Corr
0.83	DIVO	Amplify CWP Enhanced	Pair Corr
0.72	UAE	iShares MSCI UAE	Pair Corr
0.87	LUX	Tema ETF Trust	Pair Corr

Moving against Nuveen Etf

0.53

HUM

Humana Inc

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.62	0.83	0.69	0.68	0.46	0.94	0.16	0.59	META
MSFT	0.98		0.58	0.87	0.73	0.59	0.51	0.96	0.14	0.59	MSFT
UBER	0.62	0.58		0.59	0.23	0.82	0.42	0.57	0.18	0.34	UBER
F	0.83	0.87	0.59		0.66	0.5	0.52	0.92	0.3	0.74	F
T	0.69	0.73	0.23	0.66		0.31	0.3	0.73	0.28	0.43	T
A	0.68	0.59	0.82	0.5	0.31		0.09	0.55	0.29	0.43	A
CRM	0.46	0.51	0.42	0.52	0.3	0.09		0.48	-0.18	0.12	CRM
JPM	0.94	0.96	0.57	0.92	0.73	0.55	0.48		0.2	0.67	JPM
MRK	0.16	0.14	0.18	0.3	0.28	0.29	-0.18	0.2		0.47	MRK
XOM	0.59	0.59	0.34	0.74	0.43	0.43	0.12	0.67	0.47		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.94	META
JPM	+ 0.92	F
F	+ 0.87	MSFT
F	+ 0.83	META

High negative correlations

MRK

- 0.18

CRM

Nuveen Preferred Competition Risk-Adjusted Indicators

There is a big difference between Nuveen Etf performing well and Nuveen Preferred ETF 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 Preferred'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
META	1.87	0.14	0.15	0.32	1.49	(2.28)	4.23	(2.56)	21.50
MSFT	1.12	0.27	0.24	0.49	0.53	(1.34)	2.40	(1.22)	13.79
UBER	1.65	0.42	0.13	3.81	1.35	(2.15)	4.19	(2.54)	10.87
F	1.56	0.16	0.08	0.38	1.80	(1.76)	3.70	(2.72)	13.07
T	1.08	(0.01)	(0.14)	0.19	1.38	(1.09)	2.35	(2.35)	5.49
A	1.34	0.29	0.02	(2.56)	1.33	(1.51)	2.52	(2.46)	12.09
CRM	1.48	(0.19)	(0.07)	0.08	1.76	(1.59)	3.01	(3.30)	13.13
JPM	1.11	0.22	0.17	0.47	0.74	(1.28)	2.75	(1.51)	11.20
MRK	1.49	(0.12)	(0.08)	0.08	2.12	(1.44)	3.35	(4.13)	10.58
XOM	1.26	0.06	(0.02)	0.35	1.58	(1.28)	2.77	(2.58)	10.53

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