Nuveen Intermediate Correlations

Mutual Funds . USA . 
Fund . Nuveen Intermediate Duration
NUVBX Fund  USD 8.65  0.01  0.12%   
The current 90-days correlation between Nuveen Intermediate and Nuveen Small Cap is 0.2 (i.e., Modest 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 -0.1 (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

  0.88EMGRX Nuveen Small CapPairCorr
  0.71FREAX Nuveen Real EstatePairCorr
  0.68FREGX Nuveen Real EstatePairCorr
  0.92NPSAX Nuveen Preferred SecPairCorr
  0.92NPSFX Nuveen Preferred SecPairCorr
  0.92NPSCX Nuveen Preferred SecPairCorr
  0.91NPSRX Nuveen Preferred SecPairCorr
  0.87FRKSX Nuveen Kansas MunicipalPairCorr
  0.89FRMPX Nuveen Small CapPairCorr
  0.7FRLCX Nuveen Real EstatePairCorr
  0.89FRSLX Nuveen Mid CapPairCorr
  0.72FAARX Nuveen All AmericanPairCorr
  0.89NQCCX Nuveen Nwq LargePairCorr
  0.9NQCAX Nuveen Nwq LargePairCorr
  0.71FAAWX Nuveen All AmericanPairCorr
  0.88FACSX Nuveen Mid CapPairCorr
  0.77FACCX Nuveen All AmericanPairCorr
  0.89NQCRX Nuveen Nwq LargePairCorr
  0.75FAFPX Nuveen Missouri MunicipalPairCorr
  0.86FAFOX Nuveen Kansas MunicipalPairCorr
  0.89NQGCX Nuveen Nwq GlobalPairCorr
  0.89NQGAX Nuveen Nwq GlobalPairCorr
  0.97FAFJX Nuveen Limited TermPairCorr
  0.89NQGIX Nuveen Nwq GlobalPairCorr
  0.99FAMAX Nuveen Minnesota IntPairCorr
  0.96FAMTX Nuveen Minnesota IntPairCorr
  0.87FSCCX First American InvestmentPairCorr
  0.86FSCVX Nuveen Small CapPairCorr
  0.87FSCWX Nuveen Small CapPairCorr
  0.86FSCAX Nuveen Small CapPairCorr
  0.88FSEIX Nuveen Mid CapPairCorr
  0.9FAQIX Nuveen Dividend ValuePairCorr
  0.72FARCX Nuveen Real EstatePairCorr
  0.89FASEX Nuveen Mid CapPairCorr
  0.92FSHAX Nuveen Short TermPairCorr
  0.9FSFRX Nuveen Strategic IncomePairCorr

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 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMGRX  0.85  0.28  0.11 (1.28) 0.80 
(0.94)
 2.16 
(1.72)
 6.46 
FREAX  0.59  0.08 (0.07)(0.52) 0.88 
(0.60)
 1.52 
(1.31)
 4.44 
FREGX  0.59 (0.01)(0.07) 0.12  0.88 
(0.59)
 1.46 
(1.26)
 4.46 
NPSAX  0.12  0.07 (0.53)(3.42) 0.00 
(0.18)
 0.33 
(0.13)
 0.79 
NPSFX  0.13  0.08 (0.44)(4.64) 0.00 
(0.18)
 0.39 
(0.13)
 0.83 
NPSCX  0.13  0.07 (0.47)(3.32) 0.00 
(0.18)
 0.39 
(0.13)
 0.83 
NPSRX  0.12  0.06 (0.56) 0.87  0.00 
(0.17)
 0.39 
(0.13)
 0.83 
FRKSX  0.15 (0.01)(0.55)(0.01) 0.14 
(0.23)
 0.31 
(0.31)
 0.93 
FRMPX  0.87  0.33  0.16 (1.62) 0.69 
(1.04)
 2.27 
(1.36)
 5.61 
FRLCX  0.60  0.08 (0.07)(0.52) 0.88 
(0.62)
 1.52 
(1.31)
 4.39 

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