Nuveen Global Correlations

Mutual Funds . USA . 
Fund . Nuveen Global Real
NGJCX Fund  USD 18.74  0.02  0.11%   
The current 90-days correlation between Nuveen Global Real and Neuberger Berman Income is 0.31 (i.e., Weak diversification). The correlation of Nuveen Global 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 Global Correlation With Market

Very weak diversification

The correlation between Nuveen Global Real and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Global Real and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Global Real. 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 main economic indicators.

Moving together with Nuveen Mutual Fund

  0.82EMGRX Nuveen Small CapPairCorr
  0.93FREAX Nuveen Real EstatePairCorr
  0.93FREGX Nuveen Real EstatePairCorr
  0.87NPSAX Nuveen Preferred SecPairCorr
  0.86NPSFX Nuveen Preferred SecPairCorr
  0.86NPSCX Nuveen Preferred SecPairCorr
  0.86NPSRX Nuveen Preferred SecPairCorr
  0.77FRKSX Nuveen Kansas MunicipalPairCorr
  0.86FRMPX Nuveen Small CapPairCorr
  0.92FRLCX Nuveen Real EstatePairCorr
  0.64FAARX Nuveen All AmericanPairCorr
  0.83NQCCX Nuveen Nwq LargePairCorr
  0.64FAAWX Nuveen All AmericanPairCorr
  0.84FACSX Nuveen Mid CapPairCorr
  0.69FACCX Nuveen All AmericanPairCorr
  0.86NQGCX Nuveen Nwq GlobalPairCorr
  0.86NQGAX Nuveen Nwq GlobalPairCorr
  0.61FAFJX Nuveen Limited TermPairCorr
  0.64FAMAX Nuveen Minnesota IntPairCorr
  0.76FSCVX Nuveen Small CapPairCorr
  0.79FSCAX Nuveen Small CapPairCorr
  0.93FARCX Nuveen Real EstatePairCorr
  0.84FSHAX Nuveen Short TermPairCorr

Related Correlations Analysis

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 Global 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 Global'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY