Nuveen Strategic Correlations

NSIOX Fund

USD 9.95 0.01 0.10%

The current 90-days correlation between Nuveen Strategic Mun and Ep Emerging Markets is -0.06 (i.e., Good 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 0.15 (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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Strategic Municipal. 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 persons.

Moving together with Nuveen Mutual Fund

0.67	FREAX	Nuveen Real Estate	Pair Corr
0.68	FREGX	Nuveen Real Estate	Pair Corr
0.88	NPSAX	Nuveen Preferred Sec	Pair Corr
0.87	NPSFX	Nuveen Preferred Sec	Pair Corr
0.89	NPSCX	Nuveen Preferred Sec	Pair Corr
0.87	NPSRX	Nuveen Preferred Sec	Pair Corr
0.98	FRKSX	Nuveen Kansas Municipal	Pair Corr
0.66	FRLCX	Nuveen Real Estate	Pair Corr
0.97	FAARX	Nuveen All American	Pair Corr
0.97	FAAWX	Nuveen All American	Pair Corr
0.94	FACCX	Nuveen All American	Pair Corr
0.87	FAFPX	Nuveen Missouri Municipal	Pair Corr
0.95	FAFOX	Nuveen Kansas Municipal	Pair Corr
0.81	FAFNX	Nuveen Michigan Municipal	Pair Corr
0.71	NQGCX	Nuveen Nwq Global	Pair Corr
0.91	FAFMX	Nuveen Ohio Municipal	Pair Corr
0.94	FAFLX	Nuveen Louisiana Mun	Pair Corr
0.87	FAFKX	Nuveen Orado Municipal	Pair Corr
0.71	NQGAX	Nuveen Nwq Global	Pair Corr
0.98	FAFJX	Nuveen Limited Term	Pair Corr
0.71	NQGIX	Nuveen Nwq Global	Pair Corr
0.99	FAMAX	Nuveen Minnesota Int	Pair Corr
0.99	FAMTX	Nuveen Minnesota Int	Pair Corr
0.68	FARCX	Nuveen Real Estate	Pair Corr
0.82	FSHAX	Nuveen Short Term	Pair Corr
0.89	FSFRX	Nuveen Strategic Income	Pair Corr

Moving against Nuveen Mutual Fund

0.35

FRMPX

Nuveen Small Cap

Pair Corr

Related Correlations Analysis

	EPASX	FXOKX	SMNIX	DBELX	PIEFX	PWEAX	PACEX	CDHIX
EPASX		0.75	0.24	0.88	0.9	0.96	0.72	0.76	EPASX
FXOKX	0.75		0.28	0.89	0.86	0.84	0.85	0.99	FXOKX
SMNIX	0.24	0.28		0.45	0.26	0.17	0.61	0.35	SMNIX
DBELX	0.88	0.89	0.45		0.9	0.9	0.9	0.92	DBELX
PIEFX	0.9	0.86	0.26	0.9		0.96	0.83	0.88	PIEFX
PWEAX	0.96	0.84	0.17	0.9	0.96		0.75	0.85	PWEAX
PACEX	0.72	0.85	0.61	0.9	0.83	0.75		0.89	PACEX
CDHIX	0.76	0.99	0.35	0.92	0.88	0.85	0.89		CDHIX
	EPASX	FXOKX	SMNIX	DBELX	PIEFX	PWEAX	PACEX	CDHIX

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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
EPASX	0.54	0.05	0.19	0.12	0.62	(0.60)	1.04	(1.11)	3.67
FXOKX	0.75	0.10	0.12	0.05	1.03	(0.77)	1.39	(1.38)	6.15
SMNIX	0.45	0.00	0.24	(0.14)	0.44	(0.59)	1.00	(0.85)	2.62
DBELX	0.33	0.04	0.35	0.26	0.28	(0.43)	0.71	(0.58)	1.78
PIEFX	0.95	0.12	0.13	0.16	1.24	(0.95)	1.78	(2.04)	6.94
PWEAX	0.70	0.07	0.15	0.09	0.86	(0.79)	1.46	(1.59)	5.83
PACEX	0.12	0.01	0.67	0.24	0.00	(0.20)	0.33	(0.22)	0.76
CDHIX	0.68	0.11	0.15	0.07	0.88	(0.72)	1.44	(1.51)	4.90

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