Nuveen Preferred Correlations

NPSAX Fund

USD 15.58 0.01 0.06%

The current 90-days correlation between Nuveen Preferred Sec and Dodge Cox Stock is 0.05 (i.e., Significant diversification). The correlation of Nuveen Preferred 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 Preferred Correlation With Market

Significant diversification

The correlation between Nuveen Preferred Securities and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Preferred Securities 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 Preferred Securities. 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 nation.

Moving together with Nuveen Mutual Fund

0.99	NPSFX	Nuveen Preferred Sec	Pair Corr
0.99	NPSCX	Nuveen Preferred Sec	Pair Corr
0.71	NPSRX	Nuveen Preferred Sec	Pair Corr
0.65	FRKSX	Nuveen Kansas Municipal	Pair Corr
0.67	FAARX	Nuveen All American	Pair Corr
0.75	FAAWX	Nuveen All American	Pair Corr
0.65	FACCX	Nuveen All American	Pair Corr
0.61	FAFPX	Nuveen Missouri Municipal	Pair Corr
0.61	FAFOX	Nuveen Kansas Municipal	Pair Corr
0.7	FAFLX	Nuveen Louisiana Mun	Pair Corr
0.64	FAFKX	Nuveen Orado Municipal	Pair Corr
0.73	FAFJX	Nuveen Limited Term	Pair Corr
0.77	FAMAX	Nuveen Minnesota Int	Pair Corr
0.77	FAMTX	Nuveen Minnesota Int	Pair Corr
0.91	FSFRX	Nuveen Strategic Income	Pair Corr

Related Correlations Analysis

	DOXGX	HBACX	LMUSX	PHTNX	GBAYX	RETSX
DOXGX		0.69	0.72	0.78	0.86	0.74	DOXGX
HBACX	0.69		0.89	0.96	0.9	0.78	HBACX
LMUSX	0.72	0.89		0.94	0.9	0.72	LMUSX
PHTNX	0.78	0.96	0.94		0.97	0.75	PHTNX
GBAYX	0.86	0.9	0.9	0.97		0.7	GBAYX
RETSX	0.74	0.78	0.72	0.75	0.7		RETSX
	DOXGX	HBACX	LMUSX	PHTNX	GBAYX	RETSX

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Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Preferred 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 Preferred'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
DOXGX	0.57	0.05	(0.04)	0.73	0.67	(0.63)	1.30	(1.00)	5.95
HBACX	0.37	0.03	(0.06)	0.20	0.52	(0.38)	0.79	(0.61)	2.93
LMUSX	0.76	0.01	(0.02)	0.11	1.22	(0.73)	1.27	(1.50)	6.30
PHTNX	0.37	0.01	(0.08)	0.14	0.56	(0.37)	0.75	(0.67)	2.91
GBAYX	0.30	0.00	(0.13)	0.10	0.39	(0.34)	0.60	(0.59)	2.22
RETSX	0.59	0.08	(0.01)	(2.73)	0.76	(0.65)	1.20	(1.46)	5.40

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Nuveen Preferred Correlations

Nuveen Preferred Correlation With Market

Significant diversification

Moving together with Nuveen Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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