Nuveen Amt Correlations

Funds . USA . 
Fund . Nuveen Amt Free
NVG Fund  USD 11.56  0.02  0.17%   
The current 90-days correlation between Nuveen Amt Free and Nuveen Municipal Credit is 0.85 (i.e., Very poor diversification). The correlation of Nuveen Amt 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.

Nuveen Amt Correlation With Market

Very weak diversification

The correlation between Nuveen Amt Free and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Amt Free 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 Amt Free. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Nuveen Fund

  0.83CHI Calamos ConvertiblePairCorr
  0.72CHY Calamos Convertible AndPairCorr
  0.86PTY Pimco Corporate IncomePairCorr
  0.82PHK Pimco High IncomePairCorr
  0.68RCS Pimco Strategic IncomePairCorr
  0.87PCN Pimco Corporate IncomePairCorr
  0.73FFC Flaherty CrumrinePairCorr
  0.77HYT Blackrock Corporate HighPairCorr
  0.69NUV Nuveen Municipal ValuePairCorr
  0.74HIO Western Asset HighPairCorr
  0.8MIFIX Miller Intermediate BondPairCorr
  0.74RBITX American Funds 2050PairCorr
  0.75CGQYX Columbia DisciplinedPairCorr
  0.69FSELX Fidelity Select SemiPairCorr
  0.63QTSSX Quantified TacticalPairCorr
  0.72VWINX Vanguard Wellesley IncomePairCorr
  0.73FMSDX Fidelity Advisor MultiPairCorr
  0.8SMGAX Saat Servative StrategyPairCorr
  0.71USDIX Ubs Ultra ShortPairCorr
  0.69TRREX T Rowe PricePairCorr
  0.77OAAIX Oppenheimer AggrssvPairCorr
  0.74DNREX Dunham Real EstatePairCorr
  0.68TEDTX Tiaa Cref EmergingPairCorr
  0.75FBKFX Fidelity BalancedPairCorr
  0.75LSIRX Clearbridge Mid CapPairCorr
  0.62PUDCX Prudential Real AssetsPairCorr
  0.73GEMZX Emerging Markets EquityPairCorr
  0.76GSPQX Goldman Sachs EquityPairCorr
  0.78MAANX Mutual Of AmericaPairCorr
  0.76VWWOX VwwoxPairCorr
  0.73MECZX Amg Managers CadencePairCorr
  0.78MSQLX International EquityPairCorr
  0.76MITTX Massachusetts InvestorsPairCorr
  0.82NCSPX Nuveen CaliforniaPairCorr
  0.87PCIMX California IntermediatePairCorr
  0.76KNGLX Cboe Vest SpPairCorr
  0.75PPNMX Smallcap GrowthPairCorr
  0.77VLSMX Valic Company IPairCorr
  0.61PINFX Invesco Multi AssetPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Nuveen Fund performing well and Nuveen Amt 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 Amt'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