Nuveen Real Correlations

FRLCX Fund

USD 15.98 0.10 0.62%

The current 90-days correlation between Nuveen Real Estate and Blackrock Government Bond is 0.06 (i.e., Significant 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

Significant diversification

The correlation between Nuveen Real Estate and DJI is 0.08 (i.e., Significant 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

0.66	HR	Healthcare Realty Trust	Pair Corr
0.63	ECRO	Ecc Cap Corp	Pair Corr

Moving against Nuveen Mutual Fund

0.4	PW	Power REIT	Pair Corr
0.41	EMITF	Elbit Imaging	Pair Corr
0.32	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	BIGLX	FISAX	FGUAX	UGSFX	RYAQX	UIGSX
BIGLX		0.39	-0.65	0.99	-0.96	1.0	BIGLX
FISAX	0.39		0.32	0.37	-0.27	0.4	FISAX
FGUAX	-0.65	0.32		-0.69	0.75	-0.65	FGUAX
UGSFX	0.99	0.37	-0.69		-0.96	1.0	UGSFX
RYAQX	-0.96	-0.27	0.75	-0.96		-0.95	RYAQX
UIGSX	1.0	0.4	-0.65	1.0	-0.95		UIGSX
	BIGLX	FISAX	FGUAX	UGSFX	RYAQX	UIGSX

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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

UIGSX	+ 1.0	BIGLX
UIGSX	+ 1.0	UGSFX
UGSFX	+ 0.99	BIGLX
RYAQX	+ 0.75	FGUAX
UIGSX	+ 0.4	FISAX
FISAX	+ 0.39	BIGLX

High negative correlations

RYAQX	- 0.96	UGSFX
RYAQX	- 0.96	BIGLX
UIGSX	- 0.95	RYAQX
UGSFX	- 0.69	FGUAX
UIGSX	- 0.65	FGUAX
FGUAX	- 0.65	BIGLX

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
BIGLX	0.23	(0.02)	0.00	0.54	0.00	0.00	0.33	(0.55)	1.44
FISAX	0.07	0.00	(0.67)	0.25	0.00	(0.18)	0.13	(0.13)	0.80
FGUAX	0.04	0.01	0.00	3.43	0.00	0.00	0.10	(0.10)	0.62
UGSFX	0.23	(0.03)	0.00	0.47	0.00	0.00	0.41	(0.51)	1.40
RYAQX	0.60	0.11	(0.02)	(0.97)	0.64	(0.68)	1.52	(1.27)	5.23
UIGSX	0.18	(0.01)	0.00	0.36	0.00	0.00	0.34	(0.45)	1.03

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