Nuveen Multi Correlations

JMM Fund  USD 6.14  0.01  0.16%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nuveen Multi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen Multi Mrkt moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nuveen Multi Correlation With Market

NuveenDowDiversified AwayNuveenDowDiversified Away100%

Weak diversification

The correlation between Nuveen Multi Mrkt and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Multi Mrkt and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Multi Mrkt. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Nuveen Fund

  0.74PTY Pimco Corporate IncomePairCorr
  0.7RULFX Rbc Ultra ShortPairCorr
  0.69DIEFX Destinations InternationalPairCorr
  0.77PBBIX Fundvantage TrustPairCorr
  0.8PHIYX High Yield FundPairCorr
  0.61REMVX Rbc Emerging Markets Potential GrowthPairCorr
  0.79CWFCX Carillon Chartwell ShortPairCorr
  0.72VWILX Vanguard InternationalPairCorr
  0.76JHYUX Jpmorgan High YieldPairCorr
  0.74BERIX Berwyn IncomePairCorr
  0.720P0001GXZ7 Oaktree (lux)PairCorr
  0.77LBHIX Thrivent High YieldPairCorr
  0.77TIERX Tiaa Cref InternationalPairCorr
  0.79DLENX Doubleline EmergingPairCorr
  0.68PDVAX Diversified IncomePairCorr
  0.71SEBFX Saturna Sustainable BondPairCorr
  0.76JAARX Alternative AssetPairCorr
  0.63FCEEX Franklin Fund AllocatorPairCorr
  0.7PZVNX Pzena International ValuePairCorr
  0.77QRPNX Aqr Alternative RiskPairCorr
  0.75LEOIX Lazard Enhanced OppoPairCorr
  0.63PWLEX Pimco Rae WorldwidePairCorr
  0.71RRPPX American Funds RetirementPairCorr
  0.78MFIRX Ms Global FixedPairCorr
  0.79TAAQX Transam Short TermPairCorr
  0.66DHIYX Diamond Hill InternaPairCorr
  0.74WARIX Western Asset TotalPairCorr
  0.78TRIEX Tiaa Cref InternationalPairCorr

Related Correlations Analysis

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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   
EOTCXH
DMFCXH
DMFEOT
AGDAEF
AGDCXH
AGDEOT
  
High negative correlations   
DMFAEF
DMFAIF
AGDAIF
AEFAIF
DMFIHIT
AGDIHIT

Risk-Adjusted Indicators

There is a big difference between Nuveen Fund performing well and Nuveen Multi 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 Multi'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
IHTA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
JHAA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
CBH  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
CXH  0.43  0.00  0.03 (0.04) 0.68 
 0.76 
 3.44 
EOT  0.49  0.01  0.05  0.04  0.74 
 1.01 
 2.89 
IHIT  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AIF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AEF  0.88  0.04  0.04  0.07  1.35 
 1.56 
 7.65 
AGD  0.60  0.09  0.14  0.17  0.65 
 1.30 
 3.58 
DMF  0.52 (0.01) 0.00 (0.08) 0.00 
 1.27 
 3.08 

Trending Assets

AIF
Apollo Tactical Income
0.00  0.00  0.00 
JHAA
Nuveen High Income
0.00  0.00  0.00 
NAZ
Nuveen Arizona Quality
12.63  -0.01  -0.08 
VLT
Invesco High Income
11.02  0.03  0.27