Nuveen Santa Correlations

NSBFX Fund

USD 60.86 0.03 0.05%

The current 90-days correlation between Nuveen Santa Barbara and Doubleline Emerging Markets is 0.32 (i.e., Weak diversification). The correlation of Nuveen Santa 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 Santa Correlation With Market

Poor diversification

The correlation between Nuveen Santa Barbara and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Santa Barbara 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 Santa Barbara. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Nuveen Mutual Fund

0.82	EMGRX	Nuveen Small Cap	Pair Corr
0.75	FRMPX	Nuveen Small Cap	Pair Corr
0.78	FRSLX	Nuveen Mid Cap	Pair Corr
0.85	NQCCX	Nuveen Nwq Large	Pair Corr
0.83	NQCAX	Nuveen Nwq Large	Pair Corr
0.9	FACSX	Nuveen Mid Cap	Pair Corr
0.82	NQCRX	Nuveen Nwq Large	Pair Corr
0.88	FSCCX	First American Investment	Pair Corr
0.87	FSCVX	Nuveen Small Cap	Pair Corr
0.88	FSCWX	Nuveen Small Cap	Pair Corr
0.88	FSCAX	Nuveen Small Cap	Pair Corr
0.9	FSEIX	Nuveen Mid Cap	Pair Corr
0.92	FAQIX	Nuveen Dividend Value	Pair Corr
0.9	FASEX	Nuveen Mid Cap	Pair Corr

Related Correlations Analysis

	DBELX	REMVX	SEDAX	BELSX	TEOJX	SEDIX
DBELX		0.96	0.95	0.88	0.94	0.91	DBELX
REMVX	0.96		0.89	0.84	0.99	0.86	REMVX
SEDAX	0.95	0.89		0.92	0.88	0.97	SEDAX
BELSX	0.88	0.84	0.92		0.83	0.91	BELSX
TEOJX	0.94	0.99	0.88	0.83		0.86	TEOJX
SEDIX	0.91	0.86	0.97	0.91	0.86		SEDIX
	DBELX	REMVX	SEDAX	BELSX	TEOJX	SEDIX

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Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Santa 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 Santa'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
DBELX	0.33	0.03	0.24	0.25	0.28	(0.44)	0.71	(0.58)	1.78
REMVX	0.80	0.09	0.12	0.12	0.94	(0.87)	1.67	(1.56)	5.76
SEDAX	0.25	0.03	0.27	0.33	0.19	(0.33)	0.59	(0.36)	1.19
BELSX	0.43	0.05	0.20	1.63	0.44	(0.49)	0.92	(0.81)	2.59
TEOJX	0.78	0.10	0.14	0.19	0.92	(0.85)	1.54	(1.53)	5.83
SEDIX	0.09	0.01	0.39	0.15	0.00	(0.16)	0.21	(0.21)	0.53

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Nuveen Santa Correlations

Nuveen Santa Correlation With Market

Poor diversification

Moving together with Nuveen Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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