Nuveen Large Correlations

FLRAX Fund

USD 46.11 0.09 0.20%

The current 90-days correlation between Nuveen Large Cap and Nuveen Large Cap is 1.0 (i.e., No risk reduction). The correlation of Nuveen Large 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 Large Correlation With Market

Very poor diversification

The correlation between Nuveen Large Cap and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Nuveen 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 nation.

Moving together with Nuveen Mutual Fund

0.98	NWCAX	Nuveen Winslow Large	Pair Corr
1.0	FLRYX	Nuveen Large Cap	Pair Corr
0.96	FLYCX	Nuveen Large Cap	Pair Corr
1.0	VTSAX	Vanguard Total Stock	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
0.96	VITSX	Vanguard Total Stock	Pair Corr
1.0	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VSTSX	Vanguard Total Stock	Pair Corr
0.95	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VIIIX	Vanguard Institutional	Pair Corr
0.85	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.85	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.85	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.91	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.86	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.85	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.86	SMPSX	Semiconductor Ultrasector	Pair Corr
0.85	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.8	DIS	Walt Disney	Pair Corr
0.86	BAC	Bank of America Aggressive Push	Pair Corr
0.92	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.75	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.85	HPQ	HP Inc	Pair Corr
0.76	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Nuveen Mutual Fund

0.74	NHMRX	Nuveen High Yield	Pair Corr
0.69	FALTX	Nuveen Short Term	Pair Corr
0.5	NGJCX	Nuveen Global Real	Pair Corr
0.83	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.78	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.73	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.61	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	FLRYX	FLYCX	JDNAX	444859BR2	SCRYY	AQUI	BRRAY	MSTSX	ABHYX	LBHIX
FLRYX		0.96	0.95	-0.77	0.61	0.0	-0.22	0.7	0.03	0.64	FLRYX
FLYCX	0.96		0.9	-0.76	0.61	0.0	-0.29	0.74	0.0	0.62	FLYCX
JDNAX	0.95	0.9		-0.73	0.55	0.0	-0.33	0.82	0.18	0.71	JDNAX
444859BR2	-0.77	-0.76	-0.73		-0.41	0.0	0.21	-0.63	-0.02	-0.58	444859BR2
SCRYY	0.61	0.61	0.55	-0.41		0.0	-0.22	0.42	0.28	0.46	SCRYY
AQUI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.22	-0.29	-0.33	0.21	-0.22	0.0		-0.51	-0.43	-0.41	BRRAY
MSTSX	0.7	0.74	0.82	-0.63	0.42	0.0	-0.51		0.33	0.69	MSTSX
ABHYX	0.03	0.0	0.18	-0.02	0.28	0.0	-0.43	0.33		0.56	ABHYX
LBHIX	0.64	0.62	0.71	-0.58	0.46	0.0	-0.41	0.69	0.56		LBHIX
	FLRYX	FLYCX	JDNAX	444859BR2	SCRYY	AQUI	BRRAY	MSTSX	ABHYX	LBHIX

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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

FLYCX	+ 0.96	FLRYX
JDNAX	+ 0.95	FLRYX
JDNAX	+ 0.9	FLYCX
MSTSX	+ 0.82	JDNAX
MSTSX	+ 0.74	FLYCX
LBHIX	+ 0.71	JDNAX

High negative correlations

444859BR2	- 0.77	FLRYX
444859BR2	- 0.76	FLYCX
444859BR2	- 0.73	JDNAX
MSTSX	- 0.63	444859BR2
LBHIX	- 0.58	444859BR2
MSTSX	- 0.51	BRRAY

Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Large 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 Large'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
FLRYX	0.60	0.01	0.00	0.11	0.71	(0.64)	1.15	(1.32)	3.86
FLYCX	0.60	0.10	(0.01)	(2.44)	0.72	(0.64)	1.13	(1.33)	3.87
JDNAX	0.56	(0.03)	(0.06)	0.06	0.68	(0.58)	1.01	(1.20)	3.34
444859BR2	1.31	(0.03)	0.00	0.36	0.00	0.00	5.93	(4.50)	16.62
SCRYY	2.12	0.39	0.11	(0.94)	2.04	(2.86)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.11)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	0.04	(0.11)	(0.30)	0.52	(0.59)	1.21	(1.02)	2.80
ABHYX	0.16	0.00	(0.20)	0.08	0.26	(0.24)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.32)	0.44	0.00	(0.29)	0.24	(0.24)	0.96

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