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.
Nuveen |
Moving together with Nuveen Mutual Fund
0.64 | FREAX | Nuveen Real Estate | PairCorr |
0.89 | NPSAX | Nuveen Preferred Sec | PairCorr |
0.89 | NPSFX | Nuveen Preferred Sec | PairCorr |
0.86 | FRMPX | Nuveen Small Cap | PairCorr |
0.63 | FRLCX | Nuveen Real Estate | PairCorr |
0.85 | NQCCX | Nuveen Nwq Large | PairCorr |
0.86 | NQCAX | Nuveen Nwq Large | PairCorr |
0.83 | FACSX | Nuveen Mid Cap | PairCorr |
0.82 | FAFOX | Nuveen Kansas Municipal | PairCorr |
0.84 | FSCCX | First American Investment | PairCorr |
0.83 | FSCVX | Nuveen Small Cap | PairCorr |
0.84 | FSCWX | Nuveen Small Cap | PairCorr |
0.83 | FSCAX | Nuveen Small Cap | PairCorr |
0.83 | FSEIX | Nuveen Mid Cap | PairCorr |
0.86 | FAQIX | Nuveen Dividend Value | PairCorr |
0.9 | FSHAX | Nuveen Short Term | PairCorr |
0.85 | NQVRX | Nuveen Nwq Multi | PairCorr |
0.88 | NRIAX | Nuveen Real Asset | PairCorr |
0.88 | NRICX | Nuveen Real Asset | PairCorr |
0.86 | NRIIX | Nuveen Real Asset | PairCorr |
0.86 | NRIFX | Nuveen Real Asset | PairCorr |
0.87 | NSBAX | Nuveen Santa Barbara | PairCorr |
0.87 | NSBFX | Nuveen Santa Barbara | PairCorr |
0.84 | NSCAX | Nuveen Nwq Small | PairCorr |
0.91 | FCDDX | Nuveen Strategic Income | PairCorr |
0.83 | NSCCX | Nuveen Nwq Small | PairCorr |
0.83 | NSCRX | Nuveen Nwq Small | PairCorr |
0.82 | NSIOX | Nuveen Strategic Mun | PairCorr |
0.84 | NSMAX | Nuveen Nwq Smallmid | PairCorr |
0.83 | NSMCX | Nuveen Nwq Smallmid | PairCorr |
0.84 | NSMRX | Nuveen Nwq Smallmid | PairCorr |
0.62 | FCNRX | Nuveen North Carolina | PairCorr |
0.65 | FCOTX | Nuveen Orado Municipal | PairCorr |
0.84 | ARSTX | Nuveen Small Cap | PairCorr |
Related Correlations Analysis
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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 | 0.29 | 0.73 | |||
MSTBX | 0.10 | 0.01 | (1.35) | 1.07 | 0.00 | 0.21 | 0.41 | |||
SNCAX | 0.09 | 0.00 | (1.17) | 0.19 | 0.00 | 0.22 | 0.52 | |||
FULIX | 0.06 | 0.01 | (1.64) | 2.46 | 0.00 | 0.11 | 0.55 | |||
UIITX | 0.25 | 0.00 | (0.57) | 0.22 | 0.22 | 0.44 | 1.21 | |||
ANBIX | 0.14 | 0.03 | (0.68) | (1.83) | 0.00 | 0.29 | 0.97 | |||
MBSAX | 0.25 | 0.02 | (0.35) | 0.30 | 0.07 | 0.52 | 1.62 | |||
CFNLX | 0.12 | 0.00 | (1.02) | 0.28 | 0.01 | 0.28 | 0.82 |