Nuveen Intermediate Correlations

NUVBX Fund

USD 8.66 0.01 0.12%

The current 90-days correlation between Nuveen Intermediate and Ab Global Bond is 0.64 (i.e., Poor diversification). The correlation of Nuveen Intermediate 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 Intermediate Correlation With Market

Good diversification

The correlation between Nuveen Intermediate Duration and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Intermediate Duration 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 Intermediate Duration. 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 bureau of labor statistics.

Moving together with Nuveen Mutual Fund

0.64	FREAX	Nuveen Real Estate	Pair Corr
0.89	NPSAX	Nuveen Preferred Sec	Pair Corr
0.89	NPSFX	Nuveen Preferred Sec	Pair Corr
0.86	FRMPX	Nuveen Small Cap	Pair Corr
0.63	FRLCX	Nuveen Real Estate	Pair Corr
0.85	NQCCX	Nuveen Nwq Large	Pair Corr
0.86	NQCAX	Nuveen Nwq Large	Pair Corr
0.83	FACSX	Nuveen Mid Cap	Pair Corr
0.82	FAFOX	Nuveen Kansas Municipal	Pair Corr
0.84	FSCCX	First American Investment	Pair Corr
0.83	FSCVX	Nuveen Small Cap	Pair Corr
0.84	FSCWX	Nuveen Small Cap	Pair Corr
0.83	FSCAX	Nuveen Small Cap	Pair Corr
0.83	FSEIX	Nuveen Mid Cap	Pair Corr
0.86	FAQIX	Nuveen Dividend Value	Pair Corr
0.9	FSHAX	Nuveen Short Term	Pair Corr
0.85	NQVRX	Nuveen Nwq Multi	Pair Corr
0.88	NRIAX	Nuveen Real Asset	Pair Corr
0.88	NRICX	Nuveen Real Asset	Pair Corr
0.86	NRIIX	Nuveen Real Asset	Pair Corr
0.86	NRIFX	Nuveen Real Asset	Pair Corr
0.87	NSBAX	Nuveen Santa Barbara	Pair Corr
0.87	NSBFX	Nuveen Santa Barbara	Pair Corr
0.84	NSCAX	Nuveen Nwq Small	Pair Corr
0.91	FCDDX	Nuveen Strategic Income	Pair Corr
0.83	NSCCX	Nuveen Nwq Small	Pair Corr
0.83	NSCRX	Nuveen Nwq Small	Pair Corr
0.82	NSIOX	Nuveen Strategic Mun	Pair Corr
0.84	NSMAX	Nuveen Nwq Smallmid	Pair Corr
0.83	NSMCX	Nuveen Nwq Smallmid	Pair Corr
0.84	NSMRX	Nuveen Nwq Smallmid	Pair Corr
0.62	FCNRX	Nuveen North Carolina	Pair Corr
0.65	FCOTX	Nuveen Orado Municipal	Pair Corr
0.84	ARSTX	Nuveen Small Cap	Pair Corr

Related Correlations Analysis

	ANAGX	MSTBX	SNCAX	FULIX	UIITX	ANBIX	MBSAX	CFNLX
ANAGX		0.88	0.83	0.83	0.91	0.74	0.83	0.83	ANAGX
MSTBX	0.88		0.92	0.93	0.91	0.94	0.91	0.87	MSTBX
SNCAX	0.83	0.92		0.91	0.87	0.82	0.96	0.97	SNCAX
FULIX	0.83	0.93	0.91		0.83	0.83	0.94	0.88	FULIX
UIITX	0.91	0.91	0.87	0.83		0.81	0.87	0.85	UIITX
ANBIX	0.74	0.94	0.82	0.83	0.81		0.82	0.73	ANBIX
MBSAX	0.83	0.91	0.96	0.94	0.87	0.82		0.92	MBSAX
CFNLX	0.83	0.87	0.97	0.88	0.85	0.73	0.92		CFNLX
	ANAGX	MSTBX	SNCAX	FULIX	UIITX	ANBIX	MBSAX	CFNLX

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Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Intermediate 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 Intermediate'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
ANAGX	0.16	0.02	(0.84)	(2.98)	0.07	(0.20)	0.29	(0.29)	0.73
MSTBX	0.10	0.01	(1.35)	1.07	0.00	(0.14)	0.21	(0.21)	0.41
SNCAX	0.09	0.00	(1.17)	0.19	0.00	(0.12)	0.22	(0.15)	0.52
FULIX	0.06	0.01	(1.64)	2.46	0.00	(0.19)	0.11	(0.11)	0.55
UIITX	0.25	0.00	(0.57)	0.22	0.22	(0.28)	0.44	(0.44)	1.21
ANBIX	0.14	0.03	(0.68)	(1.83)	0.00	(0.16)	0.29	(0.29)	0.97
MBSAX	0.25	0.02	(0.35)	0.30	0.07	(0.30)	0.52	(0.50)	1.62
CFNLX	0.12	0.00	(1.02)	0.28	0.01	(0.15)	0.28	(0.22)	0.82

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Nuveen Intermediate Correlations

Nuveen Intermediate Correlation With Market

Good diversification

Moving together with Nuveen Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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