Nuveen Real Correlations

JRS Fund

USD 9.55 0.02 0.21%

The current 90-days correlation between Nuveen Real Estate and Nuveen Global High is 0.44 (i.e., Very weak 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

Average diversification

The correlation between Nuveen Real Estate 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 Real Estate 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 Real Estate. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Nuveen Fund

0.62	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.71	WMT	Walmart Aggressive Push	Pair Corr
0.68	T	ATT Inc Sell-off Trend	Pair Corr

Moving against Nuveen Fund

0.6	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.57	PFHCX	Pacific Funds Small	Pair Corr
0.46	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.35	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	JSD	JGH	AVK	NSL	BGB	NHS	IGR	HIO	HEQ	PAXS
JSD		-0.37	0.45	0.81	-0.13	-0.77	-0.55	-0.53	-0.46	-0.55	JSD
JGH	-0.37		0.33	0.04	0.72	0.25	-0.27	0.67	0.6	0.78	JGH
AVK	0.45	0.33		0.37	0.15	-0.39	-0.3	-0.16	-0.2	0.15	AVK
NSL	0.81	0.04	0.37		0.33	-0.74	-0.87	-0.09	-0.12	-0.24	NSL
BGB	-0.13	0.72	0.15	0.33		-0.17	-0.54	0.67	0.62	0.68	BGB
NHS	-0.77	0.25	-0.39	-0.74	-0.17		0.61	0.27	0.32	0.25	NHS
IGR	-0.55	-0.27	-0.3	-0.87	-0.54	0.61		-0.13	-0.07	0.06	IGR
HIO	-0.53	0.67	-0.16	-0.09	0.67	0.27	-0.13		0.74	0.69	HIO
HEQ	-0.46	0.6	-0.2	-0.12	0.62	0.32	-0.07	0.74		0.63	HEQ
PAXS	-0.55	0.78	0.15	-0.24	0.68	0.25	0.06	0.69	0.63		PAXS
	JSD	JGH	AVK	NSL	BGB	NHS	IGR	HIO	HEQ	PAXS

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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

NSL	+ 0.81	JSD
PAXS	+ 0.78	JGH
HEQ	+ 0.74	HIO
BGB	+ 0.72	JGH
PAXS	+ 0.69	HIO
PAXS	+ 0.68	BGB

High negative correlations

IGR	- 0.87	NSL
NHS	- 0.77	JSD
NHS	- 0.74	NSL
PAXS	- 0.55	JSD
IGR	- 0.55	JSD
IGR	- 0.54	BGB

Risk-Adjusted Indicators

There is a big difference between Nuveen Fund performing well and Nuveen Real 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
JSD	0.38	(0.02)	(0.25)	(0.13)	0.47	(0.45)	0.71	(0.95)	2.02
JGH	0.38	0.03	(0.12)	0.28	0.38	(0.44)	0.79	(0.86)	3.00
AVK	0.63	0.01	(0.09)	0.14	0.83	(0.72)	1.43	(1.03)	5.25
NSL	0.45	0.02	(0.16)	(0.35)	0.49	(0.56)	0.90	(1.09)	2.24
BGB	0.32	0.04	(0.16)	0.60	0.33	(0.38)	0.59	(0.66)	2.05
NHS	0.73	(0.08)	0.00	(0.38)	0.00	0.00	1.48	(1.60)	6.93
IGR	0.96	(0.16)	0.00	(0.37)	0.00	0.00	1.81	(2.02)	5.23
HIO	0.42	0.03	(0.09)	0.25	0.40	(0.59)	1.28	(1.01)	2.84
HEQ	0.46	0.02	(0.09)	0.19	0.54	(0.47)	0.92	(0.82)	2.50
PAXS	0.72	0.10	0.02	0.42	0.80	(0.73)	1.71	(1.70)	4.49

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