Nuveen Real Correlations

FARCX Fund

USD 14.88 0.20 1.33%

The current 90-days correlation between Nuveen Real Estate and Janus Flexible Bond is 0.35 (i.e., Weak diversification). The correlation of Nuveen Real 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 Real Correlation With Market

Very weak diversification

The correlation between Nuveen Real Estate and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Real Estate and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Nuveen Real Estate. 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 main economic indicators.

Moving together with Nuveen Mutual Fund

0.68	FR	First Industrial Realty	Pair Corr
0.65	WY	Weyerhaeuser	Pair Corr
0.75	EPRT	Essential Properties	Pair Corr

Moving against Nuveen Mutual Fund

0.36	PW	Power REIT Earnings Call This Week	Pair Corr
0.31	WETH	Wetouch Technology Common	Pair Corr

Related Correlations Analysis

	JFLEX	FISGX	AEPFX	PCRIX	MWTIX
JFLEX		-0.7	0.69	0.67	1.0	JFLEX
FISGX	-0.7		-0.16	-0.39	-0.71	FISGX
AEPFX	0.69	-0.16		0.68	0.68	AEPFX
PCRIX	0.67	-0.39	0.68		0.71	PCRIX
MWTIX	1.0	-0.71	0.68	0.71		MWTIX
	JFLEX	FISGX	AEPFX	PCRIX	MWTIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MWTIX	+ 1.0	JFLEX
MWTIX	+ 0.71	PCRIX
AEPFX	+ 0.69	JFLEX
PCRIX	+ 0.68	AEPFX
MWTIX	+ 0.68	AEPFX
PCRIX	+ 0.67	JFLEX

High negative correlations

MWTIX	- 0.71	FISGX
FISGX	- 0.7	JFLEX
PCRIX	- 0.39	FISGX
AEPFX	- 0.16	FISGX

Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Real 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 Real'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
JFLEX	0.24	0.02	0.25	0.37	0.22	(0.29)	0.54	(0.44)	1.44
FISGX	1.20	(0.18)	0.00	(0.23)	0.00	0.00	1.81	(3.34)	6.30
AEPFX	0.76	0.01	0.00	(0.04)	0.00	0.00	1.26	(1.72)	6.21
PCRIX	0.49	0.11	0.31	(1.73)	0.37	(0.58)	1.29	(1.01)	3.95
MWTIX	0.27	0.03	0.26	0.62	0.24	(0.31)	0.67	(0.45)	1.59

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