Nuveen High Correlations

Mutual Funds . USA . 
Fund . Nuveen High Yield
NHCCX Fund  USD 15.02  0.06  0.40%   
The current 90-days correlation between Nuveen High Yield and Nuveen High Yield is 0.99 (i.e., No risk reduction). The correlation of Nuveen High 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 High Correlation With Market

Very good diversification

The correlation between Nuveen High Yield and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen High Yield 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 High Yield. 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 main economic indicators.

Moving together with Nuveen Mutual Fund

  0.97FRKSX Nuveen Kansas MunicipalPairCorr
  0.77FAARX Nuveen All AmericanPairCorr
  0.78FAAWX Nuveen All AmericanPairCorr
  0.83FACCX Nuveen All AmericanPairCorr
  0.97FAFOX Nuveen Kansas MunicipalPairCorr
  0.64FAFNX Nuveen Michigan MunicipalPairCorr
  0.97FAFMX Nuveen Ohio MunicipalPairCorr
  0.97FAFLX Nuveen Louisiana MunPairCorr
  0.62FAFKX Nuveen Orado MunicipalPairCorr
  0.97FAFJX Nuveen Limited TermPairCorr
  0.68FALTX Nuveen Short TermPairCorr

Moving against Nuveen Mutual Fund

  0.72NQCCX Nuveen Nwq LargePairCorr
  0.72NQCAX Nuveen Nwq LargePairCorr
  0.72NQCRX Nuveen Nwq LargePairCorr
  0.62FRMPX Nuveen Small CapPairCorr
  0.61FRSLX Nuveen Mid CapPairCorr
  0.58FACSX Nuveen Mid CapPairCorr
  0.57EMGRX Nuveen Small CapPairCorr
  0.57NQGAX Nuveen Nwq GlobalPairCorr
  0.54NQGCX Nuveen Nwq GlobalPairCorr
  0.5NPSAX Nuveen Preferred SecPairCorr
  0.5NPSFX Nuveen Preferred SecPairCorr
  0.5NPSRX Nuveen Preferred SecPairCorr
  0.47NPSCX Nuveen Preferred SecPairCorr
  0.68NQVRX Nuveen Nwq MultiPairCorr
  0.67NQVAX Nuveen Nwq MultiPairCorr
  0.67NQVCX Nuveen Nwq MultiPairCorr
  0.63FAQIX Nuveen Dividend ValuePairCorr
  0.59FSEIX Nuveen Mid CapPairCorr
  0.59FASEX Nuveen Mid CapPairCorr
  0.46FSCCX First American InvestmentPairCorr
  0.46FSCWX Nuveen Small CapPairCorr
  0.45FSCVX Nuveen Small CapPairCorr
  0.45FSCAX Nuveen Small CapPairCorr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY