Nebraska Municipal Correlations
| NEITX Fund | USD 9.10 0.02 0.22% |
The current 90-days correlation between Nebraska Municipal and Jhancock Global Equity is 0.19 (i.e., Average diversification). The correlation of Nebraska Municipal 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.
Nebraska Municipal Correlation With Market
Average diversification
The correlation between Nebraska Municipal Fund and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nebraska Municipal Fund and DJI in the same portfolio, assuming nothing else is changed.
Nebraska |
Moving together with Nebraska Mutual Fund
| 0.88 | VMTIX | Viking Tax Free | PairCorr |
| 0.87 | VMTTX | Viking Tax Free | PairCorr |
| 0.83 | NEMUX | Nebraska Municipal | PairCorr |
| 0.85 | OKMIX | Oklahoma Municipal | PairCorr |
| 0.98 | KSMUX | Kansas Municipal | PairCorr |
| 0.86 | KYTFX | Kentucky Tax Free | PairCorr |
| 0.95 | UVABX | Virginia Bond | PairCorr |
| 0.85 | HULYX | Hawaiian Tax Free | PairCorr |
| 0.85 | HULFX | Hawaiian Tax Free | PairCorr |
| 0.81 | ORTYX | Aquila Tax Free | PairCorr |
| 0.95 | UVAIX | Usaa Virginia Bond | PairCorr |
| 0.95 | USVAX | Virginia Bond | PairCorr |
| 0.85 | HULAX | Hawaiian Tax Free | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Nebraska Mutual Fund performing well and Nebraska Municipal 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 Nebraska Municipal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JGECX | 0.77 | (0.15) | 0.00 | (0.20) | 0.00 | 1.18 | 10.42 | |||
| PEIRX | 0.80 | (0.06) | 0.00 | (0.14) | 0.00 | 1.57 | 9.14 | |||
| MSTFX | 0.66 | 0.06 | 0.06 | (0.24) | 0.81 | 1.39 | 4.63 | |||
| QLENX | 0.43 | 0.13 | 0.21 | 0.32 | 0.39 | 0.81 | 3.11 | |||
| PWITX | 0.60 | 0.12 | 0.13 | 0.25 | 0.68 | 1.52 | 4.93 | |||
| RTIUX | 0.60 | 0.09 | 0.09 | 0.17 | 0.73 | 1.47 | 5.02 | |||
| PMIEX | 0.80 | (0.07) | 0.00 | (0.15) | 0.00 | 1.56 | 9.24 | |||
| TOIIX | 0.64 | 0.20 | 0.23 | 0.40 | 0.55 | 1.51 | 5.44 |