Nuveen Multi Correlations

JMM Fund

USD 6.13 0.02 0.33%

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

Modest diversification

The correlation between Nuveen Multi Mrkt and DJI is 0.28 (i.e., Modest 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

0.64	RULFX	Rbc Ultra Short	Pair Corr
0.63	DIEFX	Destinations International	Pair Corr
0.64	PBBIX	Fundvantage Trust	Pair Corr
0.74	CWFCX	Carillon Chartwell Short	Pair Corr
0.64	JHYUX	Jpmorgan High Yield	Pair Corr
0.62	0P0001GXZ7	Oaktree (lux)	Pair Corr
0.71	SEBFX	Saturna Sustainable Bond	Pair Corr
0.71	JAARX	Alternative Asset	Pair Corr
0.62	FCEEX	Franklin Fund Allocator	Pair Corr
0.72	PZVNX	Pzena International Value	Pair Corr
0.62	DHIYX	Diamond Hill Interna	Pair Corr
0.72	WARIX	Western Asset Total	Pair Corr
0.75	TRIEX	Tiaa Cref International	Pair Corr

Moving against Nuveen Fund

0.54	RYIFX	Guggenheim Managed	Pair Corr
0.44	SRPSX	Short Real Estate	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		0.89	0.0	0.0	0.14	0.42	0.83	CXH
EOT	0.0	0.0	0.0	0.89		0.0	0.0	0.07	0.44	0.86	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	0.14	0.07	0.0	0.0		0.34	-0.04	AEF
AGD	0.0	0.0	0.0	0.42	0.44	0.0	0.0	0.34		0.17	AGD
DMF	0.0	0.0	0.0	0.83	0.86	0.0	0.0	-0.04	0.17		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	+ 0.89	CXH
DMF	+ 0.86	EOT
DMF	+ 0.83	CXH
AGD	+ 0.44	EOT
AGD	+ 0.42	CXH
AGD	+ 0.34	AEF

High negative correlations

DMF	- 0.04	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	0.43	0.00	0.01	0.01	0.68	(0.40)	0.76	(1.01)	3.44
EOT	0.49	0.01	0.02	0.06	0.74	(0.46)	1.01	(1.01)	2.89
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	0.84	0.06	0.05	0.18	1.25	(0.84)	1.56	(2.26)	7.65
AGD	0.63	0.05	0.08	2.21	0.66	(0.74)	1.81	(1.38)	3.58
DMF	0.52	(0.01)	0.00	0.16	0.67	(0.55)	1.27	(1.12)	3.08

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