Nuveen New Correlations

NAN Fund

USD 11.45 0.02 0.17%

The current 90-days correlation between Nuveen New York and Neuberger Berman IMF is 0.52 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nuveen New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuveen New York moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nuveen New Correlation With Market

Significant diversification

The correlation between Nuveen New York and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen New York and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen New York. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Nuveen Fund

0.75	HD	Home Depot	Pair Corr
0.66	BAC	Bank of America	Pair Corr
0.7	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.63	CAT	Caterpillar Earnings Call This Week	Pair Corr

Moving against Nuveen Fund

0.48	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.39	BCMIX	Brown Capital	Pair Corr

Related Correlations Analysis

	NBH	NUW	VFL	VTN	PNI	BNY	ENX	GRF	PNF	VPV
NBH		0.85	0.89	0.8	0.85	0.91	0.42	0.23	0.87	0.84	NBH
NUW	0.85		0.8	0.62	0.72	0.82	0.49	0.01	0.69	0.68	NUW
VFL	0.89	0.8		0.87	0.9	0.94	0.55	0.13	0.81	0.91	VFL
VTN	0.8	0.62	0.87		0.93	0.87	0.49	0.33	0.88	0.99	VTN
PNI	0.85	0.72	0.9	0.93		0.95	0.59	0.23	0.81	0.93	PNI
BNY	0.91	0.82	0.94	0.87	0.95		0.57	0.16	0.81	0.9	BNY
ENX	0.42	0.49	0.55	0.49	0.59	0.57		-0.02	0.19	0.47	ENX
GRF	0.23	0.01	0.13	0.33	0.23	0.16	-0.02		0.4	0.32	GRF
PNF	0.87	0.69	0.81	0.88	0.81	0.81	0.19	0.4		0.9	PNF
VPV	0.84	0.68	0.91	0.99	0.93	0.9	0.47	0.32	0.9		VPV
	NBH	NUW	VFL	VTN	PNI	BNY	ENX	GRF	PNF	VPV

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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

VPV	+ 0.99	VTN
BNY	+ 0.95	PNI
BNY	+ 0.94	VFL
PNI	+ 0.93	VTN
VPV	+ 0.93	PNI
BNY	+ 0.91	NBH

High negative correlations

GRF

- 0.02

ENX

Risk-Adjusted Indicators

There is a big difference between Nuveen Fund performing well and Nuveen New 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 New'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
NBH	0.48	(0.06)	0.00	(0.10)	0.00	0.00	1.06	(0.96)	2.74
NUW	0.39	(0.04)	0.00	(0.11)	0.00	0.00	0.74	(0.80)	2.84
VFL	0.57	(0.04)	0.00	2.87	0.00	0.00	1.12	(1.23)	2.67
VTN	0.56	(0.11)	0.00	(1.25)	0.00	0.00	1.14	(1.37)	3.95
PNI	0.51	(0.06)	0.00	(0.14)	0.00	0.00	0.84	(1.11)	3.89
BNY	0.51	(0.03)	0.00	(0.06)	0.00	0.00	0.99	(1.22)	2.81
ENX	0.55	0.01	(0.07)	0.15	0.65	(0.59)	1.04	(1.13)	3.15
GRF	1.54	(0.02)	(0.03)	0.04	2.39	(1.61)	4.06	(3.75)	12.36
PNF	0.42	(0.09)	0.00	(0.40)	0.00	0.00	0.81	(1.07)	2.49
VPV	0.50	(0.10)	0.00	(0.58)	0.00	0.00	0.91	(1.39)	3.04

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