Nuveen Us Correlations
The correlation of Nuveen Us 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 |
Moving together with Nuveen Mutual Fund
0.75 | NAVIX | Navigator Equity Hedged | PairCorr |
0.63 | NTBCX | Navigator Tactical Fixed | PairCorr |
0.72 | NTBIX | Navigator Tactical Fixed | PairCorr |
0.85 | PTSPX | Pimco Short Term | PairCorr |
0.86 | PTSHX | Short Term Fund | PairCorr |
0.86 | PSFAX | Short Term Fund | PairCorr |
0.85 | PTSRX | Short Term Fund | PairCorr |
0.87 | PSDNX | Putnam Ultra Short | PairCorr |
0.86 | LUSNX | Lord Abbett Ultra | PairCorr |
0.62 | VUBFX | Vanguard Ultra-short-term | PairCorr |
0.87 | PSDRX | Putnam Short Duration | PairCorr |
0.94 | PSDYX | Putnam Short Duration | PairCorr |
0.92 | VTISX | Vanguard Total Inter | PairCorr |
0.92 | VTSNX | Vanguard Total Inter | PairCorr |
0.92 | VTPSX | Vanguard Total Inter | PairCorr |
0.85 | STBFX | Sextant Short Term | PairCorr |
0.81 | AEDNX | Arbitrage Event | PairCorr |
0.72 | DABLX | Dreyfus Yield Enhancement | PairCorr |
0.95 | CNLFX | American Funds Inflation | PairCorr |
0.7 | DFLYX | Dreyfus Floating Rate | PairCorr |
0.78 | EMSLX | Shelton Emerging Markets | PairCorr |
0.85 | BNUEX | Ubs International Potential Growth | PairCorr |
0.89 | LIGRX | Loomis Sayles Investment | PairCorr |
Moving against Nuveen Mutual Fund
0.54 | VSTSX | Vanguard Total Stock | PairCorr |
0.54 | VSMPX | Vanguard Total Stock | PairCorr |
0.54 | VITSX | Vanguard Total Stock | PairCorr |
0.47 | NTAIX | Northern Lights | PairCorr |
0.54 | VINIX | Vanguard Institutional | PairCorr |
0.51 | VFFSX | Vanguard 500 Index | PairCorr |
0.48 | VTSAX | Vanguard Total Stock | PairCorr |
0.44 | VFIAX | Vanguard 500 Index | PairCorr |
Related Correlations Analysis
0.96 | 0.95 | 0.95 | 0.96 | WACIX | ||
0.96 | 0.97 | 0.97 | 0.99 | ANBIX | ||
0.95 | 0.97 | 0.97 | 0.98 | PRVBX | ||
0.95 | 0.97 | 0.97 | 0.98 | DBLFX | ||
0.96 | 0.99 | 0.98 | 0.98 | MSTBX | ||
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Risk-Adjusted Indicators
There is a big difference between Nuveen Mutual Fund performing well and Nuveen Us 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 Us' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
WACIX | 0.25 | 0.02 | 0.07 | 0.39 | 0.21 | 0.55 | 1.56 | |||
ANBIX | 0.16 | 0.03 | 0.14 | (0.70) | 0.00 | 0.38 | 0.98 | |||
PRVBX | 0.10 | 0.01 | 0.11 | (0.48) | 0.00 | 0.23 | 0.53 | |||
DBLFX | 0.22 | 0.01 | 0.06 | (0.23) | 0.19 | 0.54 | 1.33 | |||
MSTBX | 0.11 | 0.01 | 0.09 | (0.45) | 0.00 | 0.21 | 0.62 |