Nuveen Strategic Correlations
| NSAOX Fund | USD 9.99 0.01 0.10% |
The current 90-days correlation between Nuveen Strategic Mun and Baird Strategic Municipal is 0.08 (i.e., Significant diversification). The correlation of Nuveen Strategic 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 Strategic Correlation With Market
Average diversification
The correlation between Nuveen Strategic Municipal and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Strategic Municipal and DJI in the same portfolio, assuming nothing else is changed.
Nuveen |
Moving together with Nuveen Mutual Fund
| 0.79 | NPSAX | Nuveen Preferred Sec | PairCorr |
| 0.78 | NPSFX | Nuveen Preferred Sec | PairCorr |
| 0.76 | NPSCX | Nuveen Preferred Sec | PairCorr |
| 0.76 | NPSRX | Nuveen Preferred Sec | PairCorr |
| 1.0 | FRKSX | Nuveen Kansas Municipal | PairCorr |
| 0.99 | FAARX | Nuveen All American | PairCorr |
| 0.91 | FAAWX | Nuveen All American | PairCorr |
| 0.97 | FACCX | Nuveen All American | PairCorr |
| 0.92 | FAFPX | Nuveen Missouri Municipal | PairCorr |
| 0.92 | FAFOX | Nuveen Kansas Municipal | PairCorr |
| 0.88 | FAFNX | Nuveen Michigan Municipal | PairCorr |
| 0.89 | FAFMX | Nuveen Ohio Municipal | PairCorr |
| 0.97 | FAFLX | Nuveen Louisiana Mun | PairCorr |
| 0.93 | FAFKX | Nuveen Orado Municipal | PairCorr |
| 0.61 | NQGAX | Nuveen Nwq Global | PairCorr |
| 0.86 | FAFJX | Nuveen Limited Term | PairCorr |
| 0.62 | NQGIX | Nuveen Nwq Global | PairCorr |
| 0.98 | FAMAX | Nuveen Minnesota Int | PairCorr |
| 0.98 | FAMTX | Nuveen Minnesota Int | PairCorr |
| 0.92 | FSHAX | Nuveen Short Term | PairCorr |
| 0.81 | FSFRX | Nuveen Strategic Income | PairCorr |
Related Correlations Analysis
| 0.9 | 0.88 | 0.88 | 0.48 | 0.93 | BSNSX | ||
| 0.9 | 0.98 | 0.98 | 0.62 | 0.9 | BBINX | ||
| 0.88 | 0.98 | 0.98 | 0.56 | 0.89 | TIMTX | ||
| 0.88 | 0.98 | 0.98 | 0.66 | 0.92 | CFNLX | ||
| 0.48 | 0.62 | 0.56 | 0.66 | 0.67 | TWARX | ||
| 0.93 | 0.9 | 0.89 | 0.92 | 0.67 | PCMNX | ||
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Risk-Adjusted Indicators
There is a big difference between Nuveen Mutual Fund performing well and Nuveen Strategic 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 Nuveen Strategic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BSNSX | 0.11 | (0.02) | 0.00 | (1.58) | 0.00 | 0.20 | 1.07 | |||
| BBINX | 0.14 | (0.03) | 0.00 | (0.77) | 0.00 | 0.29 | 1.27 | |||
| TIMTX | 0.18 | (0.04) | 0.00 | (0.73) | 0.00 | 0.37 | 1.49 | |||
| CFNLX | 0.15 | (0.03) | 0.00 | (0.80) | 0.00 | 0.22 | 1.35 | |||
| TWARX | 0.07 | (0.02) | 0.00 | 1.86 | 0.00 | 0.11 | 0.55 | |||
| PCMNX | 0.15 | (0.03) | 0.00 | (2.20) | 0.00 | 0.25 | 1.32 |