Nuveen Kentucky Correlations
| FKCCX Fund | USD 9.81 0.03 0.31% |
The current 90-days correlation between Nuveen Kentucky Municipal and Dunham Porategovernment Bond is 0.24 (i.e., Modest diversification). The correlation of Nuveen Kentucky 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 Kentucky Correlation With Market
Good diversification
The correlation between Nuveen Kentucky Municipal and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Kentucky Municipal and DJI in the same portfolio, assuming nothing else is changed.
Nuveen |
Moving together with Nuveen Mutual Fund
| 0.86 | TFBIX | Maryland Tax Free | PairCorr |
| 0.85 | MDXBX | Maryland Tax Free | PairCorr |
| 0.97 | PRVAX | Virginia Tax Free | PairCorr |
| 0.97 | TFBVX | Virginia Tax Free | PairCorr |
| 0.98 | FOFZX | Franklin Oregon Tax | PairCorr |
| 0.97 | FOFRX | Franklin Oregon Tax | PairCorr |
| 0.97 | FRMZX | Franklin Missouri Tax | PairCorr |
| 0.98 | FMOQX | Franklin Missouri Tax | PairCorr |
| 0.97 | FRORX | Franklin Oregon Tax | PairCorr |
| 0.99 | FORIX | Franklin Oregon Tax | PairCorr |
| 0.64 | TRV | The Travelers Companies | PairCorr |
| 0.74 | HD | Home Depot | PairCorr |
| 0.73 | PG | Procter Gamble Earnings Call Tomorrow | PairCorr |
Moving against Nuveen Mutual Fund
| 0.56 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Nuveen Mutual Fund performing well and Nuveen Kentucky 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 Kentucky'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DNCGX | 0.22 | (0.02) | 0.00 | (0.42) | 0.00 | 0.40 | 1.20 | |||
| LCCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TWARX | 0.07 | (0.01) | (0.21) | (0.58) | 0.04 | 0.22 | 0.67 | |||
| RYAQX | 0.67 | 0.12 | 0.11 | (0.71) | 0.68 | 1.52 | 5.22 | |||
| IVMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |