Nuveen Intelligent Correlations

NIMCX Fund

USD 16.35 0.01 0.06%

The current 90-days correlation between Nuveen Intelligent Risk and Neuberger Berman Large is 0.17 (i.e., Average diversification). The correlation of Nuveen Intelligent 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 Intelligent Correlation With Market

Significant diversification

The correlation between Nuveen Intelligent Risk and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Intelligent Risk 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 Intelligent Risk. 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 unemployment.

Moving together with NUVEEN Mutual Fund

0.61	NPNAX	Neuberger Berman Large	Pair Corr
0.74	NREMX	Neuberger Berman Emerging	Pair Corr
0.68	NRSIX	Neuberger Berman Str	Pair Corr
0.68	NSTLX	Neuberger Berman Str	Pair Corr

Related Correlations Analysis

	NPNEX	NPNCX	NPNAX	NPNRX	NPRTX	NHS	NRAEX	NRACX	NRCRX	NRERX
NPNEX		0.06	0.04	0.06	0.06	0.3	0.31	0.02	0.29	0.13	NPNEX
NPNCX	0.06		0.98	1.0	1.0	0.59	0.82	0.96	-0.08	-0.39	NPNCX
NPNAX	0.04	0.98		0.98	0.98	0.58	0.81	0.97	-0.09	-0.43	NPNAX
NPNRX	0.06	1.0	0.98		1.0	0.59	0.82	0.96	-0.08	-0.39	NPNRX
NPRTX	0.06	1.0	0.98	1.0		0.59	0.82	0.96	-0.08	-0.4	NPRTX
NHS	0.3	0.59	0.58	0.59	0.59		0.64	0.61	-0.09	-0.14	NHS
NRAEX	0.31	0.82	0.81	0.82	0.82	0.64		0.9	-0.06	-0.37	NRAEX
NRACX	0.02	0.96	0.97	0.96	0.96	0.61	0.9		-0.11	-0.43	NRACX
NRCRX	0.29	-0.08	-0.09	-0.08	-0.08	-0.09	-0.06	-0.11		0.57	NRCRX
NRERX	0.13	-0.39	-0.43	-0.39	-0.4	-0.14	-0.37	-0.43	0.57		NRERX
	NPNEX	NPNCX	NPNAX	NPNRX	NPRTX	NHS	NRAEX	NRACX	NRCRX	NRERX

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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

NPNRX	+ 1.0	NPNCX
NPRTX	+ 1.0	NPNCX
NPRTX	+ 1.0	NPNRX
NPNAX	+ 0.98	NPNCX
NPNRX	+ 0.98	NPNAX
NPRTX	+ 0.98	NPNAX

High negative correlations

NRERX	- 0.43	NRACX
NRERX	- 0.43	NPNAX
NRERX	- 0.4	NPRTX
NRERX	- 0.39	NPNRX
NRERX	- 0.39	NPNCX
NRERX	- 0.37	NRAEX

Risk-Adjusted Indicators

There is a big difference between NUVEEN Mutual Fund performing well and Nuveen Intelligent 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 Intelligent'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
NPNEX	0.68	0.00	(0.01)	0.11	1.28	(0.72)	1.24	(1.12)	7.98
NPNCX	0.65	0.18	0.25	0.34	0.17	(0.84)	1.41	(1.12)	6.39
NPNAX	0.67	0.22	0.16	3.52	0.41	(0.84)	1.39	(1.12)	6.42
NPNRX	0.65	0.18	0.26	0.35	0.14	(0.84)	1.40	(1.10)	6.42
NPRTX	0.65	0.18	0.25	0.35	0.13	(0.85)	1.40	(1.11)	6.44
NHS	0.54	0.01	(0.07)	0.15	0.70	(0.57)	1.28	(1.27)	3.86
NRAEX	0.70	0.03	(0.03)	0.20	0.93	(0.66)	1.32	(1.32)	8.40
NRACX	0.68	0.12	0.04	0.62	0.64	(0.70)	1.37	(0.94)	6.05
NRCRX	0.15	(0.01)	(0.49)	(0.09)	0.16	(0.19)	0.34	(0.34)	0.89
NRERX	0.56	(0.01)	(0.09)	0.07	0.81	(0.55)	1.05	(1.25)	3.76

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