Nuveen Senior Correlations

Summary

NSLDelisted Fund

USD 4.56 0.01 0.22%

The current 90-days correlation between Nuveen Senior Income and Apollo Senior Floating is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nuveen Senior moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Senior Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nuveen Senior Correlation With Market

Significant diversification

The correlation between Nuveen Senior Income and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Senior Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Nuveen Fund

0.74	KSOCX	Kinetics Small Cap	Pair Corr
0.79	KINAX	Kinetics Internet	Pair Corr
0.76	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.76	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.74	KSCYX	Kinetics Small Cap	Pair Corr
0.76	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.74	KSCOX	Kinetics Small Cap	Pair Corr
0.75	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.79	KINCX	Kinetics Internet	Pair Corr
0.68	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.83	BAC	Bank of America Aggressive Push	Pair Corr
0.66	WMT	Walmart Aggressive Push	Pair Corr
0.64	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.71	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Nuveen Fund

0.82	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.79	KO	Coca Cola Aggressive Push	Pair Corr
0.71	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.47	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.37	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.36	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	JFR	AFT	PHD	BGT	JRO	FRA	JQC	MVF	MUE	KTF
JFR		0.7	0.76	0.74	0.52	0.81	0.86	-0.28	0.15	0.58	JFR
AFT	0.7		0.8	0.77	0.2	0.79	0.44	-0.16	0.26	0.59	AFT
PHD	0.76	0.8		0.82	0.3	0.82	0.54	-0.11	0.31	0.63	PHD
BGT	0.74	0.77	0.82		0.29	0.94	0.53	-0.39	-0.08	0.48	BGT
JRO	0.52	0.2	0.3	0.29		0.45	0.59	-0.61	-0.32	-0.08	JRO
FRA	0.81	0.79	0.82	0.94	0.45		0.57	-0.47	-0.08	0.5	FRA
JQC	0.86	0.44	0.54	0.53	0.59	0.57		-0.23	0.07	0.44	JQC
MVF	-0.28	-0.16	-0.11	-0.39	-0.61	-0.47	-0.23		0.75	0.44	MVF
MUE	0.15	0.26	0.31	-0.08	-0.32	-0.08	0.07	0.75		0.59	MUE
KTF	0.58	0.59	0.63	0.48	-0.08	0.5	0.44	0.44	0.59		KTF
	JFR	AFT	PHD	BGT	JRO	FRA	JQC	MVF	MUE	KTF

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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

FRA	+ 0.94	BGT
JQC	+ 0.86	JFR
BGT	+ 0.82	PHD
FRA	+ 0.82	PHD
FRA	+ 0.81	JFR
PHD	+ 0.8	AFT

High negative correlations

MVF	- 0.61	JRO
MVF	- 0.47	FRA
MVF	- 0.39	BGT
MUE	- 0.32	JRO
MVF	- 0.28	JFR
MVF	- 0.23	JQC

Risk-Adjusted Indicators

There is a big difference between Nuveen Fund performing well and Nuveen Senior 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 Senior'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
JFR	0.41	0.10	(0.05)	3.56	0.26	(0.53)	1.00	(0.91)	2.30
AFT	0.61	0.13	0.01	1.36	0.72	(0.67)	1.35	(1.65)	4.04
PHD	0.26	0.04	(0.23)	(2.52)	0.26	(0.29)	0.61	(0.61)	1.44
BGT	0.52	0.07	(0.09)	2.18	0.43	(0.59)	1.16	(0.79)	2.83
JRO	0.48	0.01	(0.15)	(0.12)	0.72	(0.45)	0.92	(1.17)	2.86
FRA	0.46	0.14	0.05	1.16	0.25	(0.54)	1.08	(0.85)	2.42
JQC	0.55	0.07	(0.08)	2.62	0.66	(0.56)	1.03	(1.05)	3.37
MVF	0.51	0.02	(0.15)	(2.59)	0.64	(0.57)	0.95	(1.09)	2.81
MUE	0.42	0.07	(0.10)	(4.86)	0.49	(0.45)	0.86	(0.77)	2.53
KTF	0.45	0.08	(0.08)	(2.11)	0.47	(0.53)	1.12	(0.61)	3.40

View Nuveen Senior Related Equities

Nuveen Floating Rate Apollo Senior Floating Pioneer Floating Rate BlackRock Floating Rate Nuveen Floating Rate Blackrock Floating Rate Nuveen Credit Strategies Munivest Fund Blackrock Muniholdings Quality DWS Municipal Income Blackrock Muniholdings Closed Nuveen California Select CBH Eaton Vance Floating NXG NextGen Infrastructure

Risk & Return

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