Nuveen Multi Correlations

NMAI Stock

USD 12.85 0.01 0.08%

The current 90-days correlation between Nuveen Multi Asset and Diamond Hill Investment is 0.41 (i.e., Very weak diversification). The correlation of Nuveen Multi 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.

Nuveen Multi Correlation With Market

Very weak diversification

The correlation between Nuveen Multi Asset Income and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Multi Asset Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Multi Asset Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Nuveen Stock

0.67	RC	Ready Capital Corp	Pair Corr
0.77	RM	Regional Management Corp Normal Trading	Pair Corr
0.86	WU	Western Union	Pair Corr

Moving against Nuveen Stock

0.79	LC	LendingClub Corp	Pair Corr
0.79	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.74	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.68	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.67	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.67	CG	Carlyle Group	Pair Corr
0.65	V	Visa Class A	Pair Corr
0.65	AB	AllianceBernstein	Pair Corr
0.64	DIST	Distoken Acquisition	Pair Corr
0.64	MA	Mastercard	Pair Corr
0.61	AC	Associated Capital	Pair Corr
0.58	QD	Qudian Inc Trending	Pair Corr
0.52	BN	Brookfield Corp	Pair Corr
0.52	LX	Lexinfintech Holdings Trending	Pair Corr
0.49	PX	P10 Inc	Pair Corr
0.42	MC	Moelis	Pair Corr
0.4	DHIL	Diamond Hill Investment	Pair Corr
0.71	DYCQ	DT Cloud Acquisition	Pair Corr
0.69	VINP	Vinci Partners Inves	Pair Corr
0.67	VRTS	Virtus Investment	Pair Corr
0.65	VCTR	Victory Capital Holdings	Pair Corr
0.64	WT	WisdomTree	Pair Corr
0.64	TETEU	Technology Telecommunicatio	Pair Corr
0.52	VIRT	Virtu Financial Normal Trading	Pair Corr
0.51	TW	Tradeweb Markets	Pair Corr
0.38	GCMGW	GCM Grosvenor	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX
V		0.81	0.88	0.55	0.51	0.76	0.87	0.68	-0.15	0.53	V
DHIL	0.81		0.77	0.44	0.48	0.77	0.79	0.62	0.01	0.57	DHIL
DIST	0.88	0.77		0.54	0.58	0.85	0.87	0.74	0.01	0.43	DIST
AB	0.55	0.44	0.54		0.9	0.74	0.77	0.88	0.43	0.34	AB
AC	0.51	0.48	0.58	0.9		0.79	0.76	0.91	0.51	0.24	AC
BN	0.76	0.77	0.85	0.74	0.79		0.92	0.92	0.36	0.49	BN
BX	0.87	0.79	0.87	0.77	0.76	0.92		0.9	0.13	0.56	BX
CG	0.68	0.62	0.74	0.88	0.91	0.92	0.9		0.44	0.33	CG
DB	-0.15	0.01	0.01	0.43	0.51	0.36	0.13	0.44		-0.09	DB
DX	0.53	0.57	0.43	0.34	0.24	0.49	0.56	0.33	-0.09		DX
	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX

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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

BX	+ 0.92	BN
CG	+ 0.92	BN
CG	+ 0.91	AC
AC	+ 0.9	AB
CG	+ 0.9	BX
DIST	+ 0.88	V

High negative correlations

DB	- 0.15	V
DX	- 0.09	DB

Risk-Adjusted Indicators

There is a big difference between Nuveen Stock performing well and Nuveen Multi Company 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
V	0.82	0.11	0.07	0.25	1.07	(0.92)	2.23	(1.30)	7.73
DHIL	1.26	(0.06)	(0.01)	0.06	1.20	(1.59)	2.22	(2.05)	9.06
DIST	0.20	0.04	(0.08)	(1.63)	0.27	(0.37)	0.37	(0.18)	2.25
AB	1.06	0.02	(0.01)	0.13	1.11	(1.19)	2.46	(2.22)	7.82
AC	1.22	0.07	0.03	0.19	1.78	(1.27)	3.02	(2.64)	12.11
BN	1.23	0.15	0.14	0.21	1.17	(1.42)	2.45	(1.92)	6.44
BX	1.35	0.27	0.22	0.29	1.05	(1.55)	3.21	(2.21)	9.25
CG	1.60	0.22	0.20	0.21	1.37	(1.92)	4.10	(2.22)	13.11
DB	1.40	0.04	0.01	0.16	1.72	(1.48)	3.08	(2.93)	8.64
DX	0.76	(0.01)	(0.07)	0.07	1.03	(0.73)	1.38	(1.47)	4.37

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