Nuveen Multi Correlations

JMM Fund

USD 6.24 0.07 1.13%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nuveen Multi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Multi Mrkt moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nuveen Multi Correlation With Market

Average diversification

The correlation between Nuveen Multi Mrkt and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Multi Mrkt and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Multi Mrkt. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Nuveen Fund

0.65	NEA	Nuveen Amt Free	Pair Corr
0.68	NVG	Nuveen Amt Free	Pair Corr
0.61	NAD	Nuveen Dividend Advantage	Pair Corr
0.83	TEDPX	Tiaa Cref Emerging	Pair Corr
0.77	XSWZX	Swiss Helvetia	Pair Corr
0.83	JSEAX	Jpmorgan International	Pair Corr
0.66	TIDDX	T Rowe Price	Pair Corr
0.79	CCLFX	Cliffwater Corporate	Pair Corr
0.8	SNGYX	Sit Government Securities	Pair Corr
0.83	WATCX	Western Asset Interm	Pair Corr
0.78	PUGCX	Putnam Global Equity	Pair Corr
0.8	NECRX	Loomis Sayles E	Pair Corr
0.7	CITEX	American High Income	Pair Corr
0.81	GIGGX	Deutsche Gnma	Pair Corr
0.66	MNCIX	Pro-blend(r) Conservative	Pair Corr
0.66	RBBCX	Columbia Income Builder	Pair Corr
0.63	JTOIX	Multimanager Lifestyle	Pair Corr
0.82	FLRRX	Franklin Low Duration	Pair Corr
0.63	BACPX	Blackrock Conservative	Pair Corr
0.79	DURIX	Deutsche European Equity	Pair Corr
0.82	IIBAX	Voya Intermediate Bond	Pair Corr
0.82	MSPHX	Massmutual Select Total	Pair Corr
0.83	PDINX	Putnam Diversified Income	Pair Corr
0.7	NHIEX	Neuberger Berman Income	Pair Corr
0.69	MCTAX	Massmutual Retiresmart	Pair Corr
0.69	CKKRX	Columbia Income Builder	Pair Corr
0.84	UTDIX	My529 International Value	Pair Corr
0.67	RIRFX	Capital Income Builder	Pair Corr
0.82	ASBFX	Short Term Bond	Pair Corr

Related Correlations Analysis

	IHTA	JHAA	CBH	CXH	EOT	IHIT	AIF	AEF	AGD	DMF
IHTA		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IHTA
JHAA	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	JHAA
CBH	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CBH
CXH	0.0	0.0	0.0		0.82	0.0	0.0	0.1	0.53	0.64	CXH
EOT	0.0	0.0	0.0	0.82		0.0	0.0	0.21	0.61	0.55	EOT
IHIT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	IHIT
AIF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	AIF
AEF	0.0	0.0	0.0	0.1	0.21	0.0	0.0		0.25	-0.11	AEF
AGD	0.0	0.0	0.0	0.53	0.61	0.0	0.0	0.25		0.51	AGD
DMF	0.0	0.0	0.0	0.64	0.55	0.0	0.0	-0.11	0.51		DMF
	IHTA	JHAA	CBH	CXH	EOT	IHIT	AIF	AEF	AGD	DMF

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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

EOT	+ 0.82	CXH
DMF	+ 0.64	CXH
AGD	+ 0.61	EOT
DMF	+ 0.55	EOT
AGD	+ 0.53	CXH
DMF	+ 0.51	AGD

High negative correlations

DMF	- 0.11	AEF
DMF	- 0.0	AIF
AGD	- 0.0	AIF
AEF	- 0.0	AIF
DMF	- 0.0	IHIT
AGD	- 0.0	IHIT

Risk-Adjusted Indicators

There is a big difference between Nuveen Fund performing well and Nuveen Multi 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 Multi'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
IHTA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHAA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CXH	0.42	(0.06)	0.00	0.99	0.00	0.00	0.76	(1.01)	2.37
EOT	0.48	(0.04)	0.00	(0.25)	0.00	0.00	1.01	(1.28)	2.87
IHIT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AEF	0.90	(0.03)	0.00	(0.13)	0.00	0.00	1.56	(2.29)	5.70
AGD	0.72	0.11	0.15	0.14	0.87	(0.74)	1.70	(1.38)	4.55
DMF	0.59	(0.01)	0.09	0.02	0.66	(0.76)	1.31	(1.14)	5.91

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