Nuveen North Correlations
FDCCX Fund | USD 10.07 0.01 0.1% |
The current 90-days correlation between Nuveen North Carolina and Simt High Yield is 0.23 (i.e., Modest diversification). The correlation of Nuveen North 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 North Correlation With Market
Average diversification
The correlation between Nuveen North Carolina and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen North Carolina and DJI in the same portfolio, assuming nothing else is changed.
Nuveen |
Moving together with Nuveen Mutual Fund
0.66 | EMGRX | Nuveen Small Cap | PairCorr |
0.85 | FREAX | Nuveen Real Estate | PairCorr |
0.84 | FREGX | Nuveen Real Estate | PairCorr |
0.95 | FRKSX | Nuveen Kansas Municipal | PairCorr |
0.84 | FRLCX | Nuveen Real Estate | PairCorr |
0.96 | FAARX | Nuveen All American | PairCorr |
0.76 | NQCCX | Nuveen Nwq Large | PairCorr |
0.72 | NQCAX | Nuveen Nwq Large | PairCorr |
0.96 | FAAWX | Nuveen All American | PairCorr |
0.71 | FACSX | Nuveen Mid Cap | PairCorr |
0.98 | FACCX | Nuveen All American | PairCorr |
0.72 | NQCRX | Nuveen Nwq Large | PairCorr |
0.99 | FAFPX | Nuveen Missouri Municipal | PairCorr |
0.98 | FAFOX | Nuveen Kansas Municipal | PairCorr |
0.99 | FAFNX | Nuveen Michigan Municipal | PairCorr |
0.99 | FAFMX | Nuveen Ohio Municipal | PairCorr |
0.99 | FAFLX | Nuveen Louisiana Mun | PairCorr |
0.99 | FAFKX | Nuveen Orado Municipal | PairCorr |
0.79 | FAFJX | Nuveen Limited Term | PairCorr |
0.91 | FAMAX | Nuveen Minnesota Int | PairCorr |
0.96 | FAMTX | Nuveen Minnesota Int | PairCorr |
0.69 | FSCCX | First American Investment | PairCorr |
0.69 | FSCVX | Nuveen Small Cap | PairCorr |
0.69 | FSCWX | Nuveen Small Cap | PairCorr |
0.69 | FSCAX | Nuveen Small Cap | PairCorr |
0.78 | FAQIX | Nuveen Dividend Value | PairCorr |
0.84 | FARCX | Nuveen Real Estate | PairCorr |
0.71 | FASEX | Nuveen Mid Cap | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Nuveen Mutual Fund performing well and Nuveen North 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 North'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SEIYX | 0.14 | 0.01 | 0.14 | 0.19 | 0.00 | 0.20 | 0.99 | |||
DNHYX | 0.14 | 0.01 | 0.11 | 0.12 | 0.12 | 0.23 | 0.93 | |||
ARTFX | 0.11 | 0.01 | 0.16 | 0.17 | 0.00 | 0.22 | 0.78 | |||
SGYAX | 0.14 | 0.02 | 0.19 | 0.45 | 0.00 | 0.28 | 1.28 | |||
MHCAX | 0.10 | 0.00 | 0.09 | 0.12 | 0.05 | 0.19 | 0.58 | |||
NMHYX | 0.11 | 0.01 | 0.10 | 0.05 | 0.11 | 0.24 | 1.06 | |||
MRHYX | 0.12 | 0.01 | 0.18 | 0.14 | 0.00 | 0.24 | 0.59 |