Nuveen Real Correlations

JRS Fund  USD 8.85  0.14  1.61%   
The current 90-days correlation between Nuveen Real Estate and Nuveen Global High is 0.46 (i.e., Very 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 0.47 (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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Real Estate. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Nuveen Fund

  0.69EIM Eaton Vance MbfPairCorr
  0.91STFGX State Farm GrowthPairCorr
  0.61NNY Nuveen New YorkPairCorr

Moving against Nuveen Fund

  0.68TWN Taiwan ClosedPairCorr
  0.5TRIZX T Rowe PricePairCorr
  0.35SDGFX Sdit Short DurationPairCorr
  0.54LFRIX Floating RatePairCorr
  0.52PAIDX Pimco Short AssetPairCorr
  0.51RPIFX T Rowe PricePairCorr
  0.33PSHCX Pioneer Short TermPairCorr

Related Correlations Analysis

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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   
HEQIGR
NHSJGH
AVKJGH
BGBJGH
PAXSIGR
BGBAVK
  
High negative correlations   
PAXSNSL
HEQNSL
HIONSL
IGRNSL
NHSNSL
BGBNSL

Risk-Adjusted Indicators

There is a big difference between Nuveen Fund performing well and Nuveen Real 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JSD  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
JGH  0.35  0.07  0.17  0.29  0.41 
 0.68 
 2.73 
AVK  0.59  0.06  0.08  0.13  0.81 
 1.13 
 4.91 
NSL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BGB  0.41  0.02  0.06  0.08  0.53 
 0.75 
 3.04 
NHS  0.48  0.08  0.15  0.25  0.50 
 1.06 
 2.66 
IGR  1.05  0.01  0.00 (0.01) 0.00 
 2.11 
 8.43 
HIO  0.43  0.07  0.17  0.26  0.31 
 0.79 
 3.64 
HEQ  0.50  0.00  0.02 (0.03) 0.63 
 0.95 
 2.48 
PAXS  0.55  0.02  0.05  0.03  0.68 
 1.38 
 3.40