Nuveen Winslow Correlations

NVLIX Fund

USD 57.93 0.32 0.56%

The current 90-days correlation between Nuveen Winslow Large and Nuveen Minnesota Municipal is -0.02 (i.e., Good diversification). The correlation of Nuveen Winslow 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 Winslow Correlation With Market

Poor diversification

The correlation between Nuveen Winslow Large Cap and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Winslow Large Cap 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 Winslow Large Cap. 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 gross domestic product.

Moving together with Nuveen Mutual Fund

0.96	EMGRX	Nuveen Small Cap	Pair Corr
0.91	FRMPX	Nuveen Small Cap	Pair Corr
0.96	FRSLX	Nuveen Mid Cap	Pair Corr
0.68	NQCCX	Nuveen Nwq Large	Pair Corr
0.66	NQCAX	Nuveen Nwq Large	Pair Corr
0.93	FACSX	Nuveen Mid Cap	Pair Corr
0.65	NQCRX	Nuveen Nwq Large	Pair Corr
0.95	FSCCX	First American Investment	Pair Corr
0.96	FSCVX	Nuveen Small Cap	Pair Corr
0.95	FSCWX	Nuveen Small Cap	Pair Corr
0.96	FSCAX	Nuveen Small Cap	Pair Corr
0.92	FSEIX	Nuveen Mid Cap	Pair Corr
0.81	FAQIX	Nuveen Dividend Value	Pair Corr
0.92	FASEX	Nuveen Mid Cap	Pair Corr

Moving against Nuveen Mutual Fund

0.52	NPSRX	Nuveen Preferred Sec	Pair Corr
0.51	NPSFX	Nuveen Preferred Sec	Pair Corr
0.5	NPSAX	Nuveen Preferred Sec	Pair Corr
0.48	NPSCX	Nuveen Preferred Sec	Pair Corr
0.38	FAFJX	Nuveen Limited Term	Pair Corr
0.36	FAMAX	Nuveen Minnesota Int	Pair Corr
0.35	NQGAX	Nuveen Nwq Global	Pair Corr
0.35	NQGIX	Nuveen Nwq Global	Pair Corr
0.34	NQGCX	Nuveen Nwq Global	Pair Corr
0.34	FAMTX	Nuveen Minnesota Int	Pair Corr
0.62	FSHYX	Nuveen Short Term	Pair Corr
0.61	FSFRX	Nuveen Strategic Income	Pair Corr
0.47	NRIAX	Nuveen Real Asset	Pair Corr
0.47	NRIIX	Nuveen Real Asset	Pair Corr
0.47	NRIFX	Nuveen Real Asset	Pair Corr
0.45	NRICX	Nuveen Real Asset	Pair Corr

Related Correlations Analysis

	FYMNX	NFFCX	FPXCX	ICCSX	NFRAX	NFRFX	NFRIX	NOPCX	NOPAX
FYMNX		0.63	0.0	0.0	0.67	0.69	0.71	0.0	0.0	FYMNX
NFFCX	0.63		0.0	0.0	0.98	0.97	0.94	0.0	0.0	NFFCX
FPXCX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FPXCX
ICCSX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ICCSX
NFRAX	0.67	0.98	0.0	0.0		0.99	0.96	0.0	0.0	NFRAX
NFRFX	0.69	0.97	0.0	0.0	0.99		0.95	0.0	0.0	NFRFX
NFRIX	0.71	0.94	0.0	0.0	0.96	0.95		0.0	0.0	NFRIX
NOPCX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NOPCX
NOPAX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NOPAX
	FYMNX	NFFCX	FPXCX	ICCSX	NFRAX	NFRFX	NFRIX	NOPCX	NOPAX

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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

NFRFX	+ 0.99	NFRAX
NFRAX	+ 0.98	NFFCX
NFRFX	+ 0.97	NFFCX
NFRIX	+ 0.96	NFRAX
NFRIX	+ 0.95	NFRFX
NFRIX	+ 0.94	NFFCX

High negative correlations

NOPAX	- 0.0	NOPCX
NOPAX	- 0.0	NFRIX
NOPCX	- 0.0	NFRIX
NOPAX	- 0.0	NFRFX
NOPCX	- 0.0	NFRFX
NOPAX	- 0.0	NFRAX

Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Winslow 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 Winslow'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
FYMNX	0.14	(0.01)	(0.03)	(0.38)	0.20	(0.17)	0.28	(0.37)	1.03
NFFCX	0.07	0.00	(0.05)	(0.03)	0.00	(0.22)	0.11	(0.11)	0.78
FPXCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICCSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NFRAX	0.08	0.00	(0.02)	0.03	0.00	(0.19)	0.11	(0.11)	0.78
NFRFX	0.08	0.00	(0.01)	0.04	0.00	(0.22)	0.11	(0.11)	0.83
NFRIX	0.08	0.00	(0.01)	0.06	0.00	(0.20)	0.11	(0.11)	0.83
NOPCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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