Nuveen Real Correlations

FREGX Fund

USD 15.18 0.22 1.43%

The current 90-days correlation between Nuveen Real Estate and Artisan High Income is 0.01 (i.e., Significant diversification). The correlation of Nuveen Real 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 Real Correlation With Market

Very weak diversification

The correlation between Nuveen Real Estate and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Real Estate 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 Real Estate. 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 price.

Moving together with Nuveen Mutual Fund

0.72	HR	Healthcare Realty Trust	Pair Corr
0.78	KW	Kennedy Wilson Holdings	Pair Corr
0.83	UE	Urban Edge Properties	Pair Corr
0.71	WY	Weyerhaeuser	Pair Corr
0.84	DOUG	Douglas Elliman	Pair Corr
0.69	VICI	VICI Properties	Pair Corr
0.66	ELME	Elme Communities	Pair Corr
0.72	EPRT	Essential Properties	Pair Corr
0.68	WELL	Welltower	Pair Corr
0.73	ESRT	Empire State Realty	Pair Corr
0.85	EXPI	eXp World Holdings	Pair Corr

Moving against Nuveen Mutual Fund

0.41	MITT-PC	AG Mortgage Investment	Pair Corr
0.32	DX	Dynex Capital	Pair Corr
0.43	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	ARTFX	PRVBX	OWFIX	MSTBX	ANAGX	TWTCX	TTRBX
ARTFX		0.57	0.25	0.83	0.43	0.26	0.54	ARTFX
PRVBX	0.57		0.61	0.72	0.6	0.45	0.65	PRVBX
OWFIX	0.25	0.61		0.54	0.8	0.83	0.91	OWFIX
MSTBX	0.83	0.72	0.54		0.61	0.41	0.72	MSTBX
ANAGX	0.43	0.6	0.8	0.61		0.87	0.84	ANAGX
TWTCX	0.26	0.45	0.83	0.41	0.87		0.8	TWTCX
TTRBX	0.54	0.65	0.91	0.72	0.84	0.8		TTRBX
	ARTFX	PRVBX	OWFIX	MSTBX	ANAGX	TWTCX	TTRBX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Real 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 Real'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
ARTFX	0.11	0.00	(0.25)	0.00	0.00	(0.18)	0.44	(0.22)	1.10
PRVBX	0.10	0.00	(0.66)	(0.24)	0.06	(0.13)	0.25	(0.20)	0.58
OWFIX	0.15	(0.01)	(0.35)	(0.17)	0.17	(0.23)	0.30	(0.30)	1.10
MSTBX	0.10	0.00	(0.48)	(0.26)	0.05	(0.15)	0.21	(0.21)	0.62
ANAGX	0.17	(0.01)	(0.36)	(0.71)	0.17	(0.27)	0.44	(0.29)	1.16
TWTCX	0.15	(0.01)	(0.24)	(0.48)	0.22	(0.20)	0.28	(0.28)	1.31
TTRBX	0.15	(0.01)	(0.40)	(0.13)	0.14	(0.20)	0.41	(0.30)	1.01

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