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

  0.64FREAX Nuveen Real EstatePairCorr
  0.89NPSAX Nuveen Preferred SecPairCorr
  0.89NPSFX Nuveen Preferred SecPairCorr
  0.86FRMPX Nuveen Small CapPairCorr
  0.63FRLCX Nuveen Real EstatePairCorr
  0.85NQCCX Nuveen Nwq LargePairCorr
  0.86NQCAX Nuveen Nwq LargePairCorr
  0.83FACSX Nuveen Mid CapPairCorr
  0.82FAFOX Nuveen Kansas MunicipalPairCorr
  0.84FSCCX First American InvestmentPairCorr
  0.83FSCVX Nuveen Small CapPairCorr
  0.84FSCWX Nuveen Small CapPairCorr
  0.83FSCAX Nuveen Small CapPairCorr
  0.83FSEIX Nuveen Mid CapPairCorr
  0.86FAQIX Nuveen Dividend ValuePairCorr
  0.9FSHAX Nuveen Short TermPairCorr
  0.85NQVRX Nuveen Nwq MultiPairCorr
  0.88NRIAX Nuveen Real AssetPairCorr
  0.88NRICX Nuveen Real AssetPairCorr
  0.86NRIIX Nuveen Real AssetPairCorr
  0.86NRIFX Nuveen Real AssetPairCorr
  0.87NSBAX Nuveen Santa BarbaraPairCorr
  0.87NSBFX Nuveen Santa BarbaraPairCorr
  0.84NSCAX Nuveen Nwq SmallPairCorr
  0.91FCDDX Nuveen Strategic IncomePairCorr
  0.83NSCCX Nuveen Nwq SmallPairCorr
  0.83NSCRX Nuveen Nwq SmallPairCorr
  0.82NSIOX Nuveen Strategic MunPairCorr
  0.84NSMAX Nuveen Nwq SmallmidPairCorr
  0.83NSMCX Nuveen Nwq SmallmidPairCorr
  0.84NSMRX Nuveen Nwq SmallmidPairCorr
  0.62FCNRX Nuveen North CarolinaPairCorr
  0.65FCOTX Nuveen Orado MunicipalPairCorr
  0.84ARSTX Nuveen Small CapPairCorr

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.