Nuveen Enhanced Correlations
| NUSA Etf | USD 23.08 0.01 0.04% |
The current 90-days correlation between Nuveen Enhanced Yield and NuShares Enhanced Yield is 0.76 (i.e., Poor diversification). The correlation of Nuveen Enhanced 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.
Nuveen Enhanced Correlation With Market
Significant diversification
The correlation between Nuveen Enhanced Yield and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Enhanced Yield and DJI in the same portfolio, assuming nothing else is changed.
Nuveen |
Moving together with Nuveen Etf
| 0.96 | BSV | Vanguard Short Term Sell-off Trend | PairCorr |
| 0.95 | IGSB | iShares 1 5 | PairCorr |
| 0.89 | SPSB | SPDR Barclays Short | PairCorr |
| 0.96 | ISTB | iShares Core 1 | PairCorr |
| 0.94 | SLQD | iShares 0 5 | PairCorr |
| 0.7 | GVI | iShares Intermediate | PairCorr |
| 0.79 | LDUR | PIMCO Enhanced Low | PairCorr |
| 0.87 | SUSB | iShares ESG 1 | PairCorr |
| 0.61 | IVV | iShares Core SP | PairCorr |
| 0.63 | FTSL | First Trust Senior | PairCorr |
| 0.61 | JPM | JPMorgan Chase | PairCorr |
| 0.67 | AXP | American Express | PairCorr |
| 0.7 | IBM | International Business Tech Boost | PairCorr |
| 0.69 | MMM | 3M Company | PairCorr |
| 0.63 | T | ATT Inc Earnings Call This Week | PairCorr |
Moving against Nuveen Etf
| 0.56 | INTC | Intel | PairCorr |
| 0.5 | HPQ | HP Inc | PairCorr |
| 0.48 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.42 | AA | Alcoa Corp | PairCorr |
| 0.33 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.99 | -0.42 | 0.67 | 0.59 | NUAG | ||
| 0.99 | -0.46 | 0.65 | 0.56 | NUBD | ||
| -0.42 | -0.46 | -0.25 | 0.38 | LSST | ||
| 0.67 | 0.65 | -0.25 | 0.51 | NUDM | ||
| 0.59 | 0.56 | 0.38 | 0.51 | NFLT | ||
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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
| High negative correlations
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Nuveen Enhanced Constituents Risk-Adjusted Indicators
There is a big difference between Nuveen Etf performing well and Nuveen Enhanced ETF 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 Enhanced'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NUAG | 0.23 | (0.02) | 0.00 | (0.82) | 0.00 | 0.53 | 1.54 | |||
| NUBD | 0.23 | (0.02) | 0.00 | (0.45) | 0.00 | 0.60 | 1.37 | |||
| LSST | 0.09 | 0.03 | (0.22) | 2.75 | 0.00 | 0.21 | 0.99 | |||
| NUDM | 0.60 | 0.01 | (0.07) | (0.71) | 0.80 | 1.23 | 3.67 | |||
| NFLT | 0.26 | 0.01 | (0.19) | 0.39 | 0.24 | 0.49 | 1.43 |