Nuveen Amt Correlations

NVG Fund

USD 12.65 0.11 0.88%

The current 90-days correlation between Nuveen Amt Free and Nuveen Amt Free Municipal is 0.8 (i.e., Very poor diversification). The correlation of Nuveen Amt 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 Amt Correlation With Market

Average diversification

The correlation between Nuveen Amt Free and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Amt Free 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 Amt Free. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Nuveen Fund

0.7	DNP	Dnp Select Income	Pair Corr
0.62	MUI	Blackrock Muni Inter	Pair Corr
0.87	MQY	Blackrock Muniyield	Pair Corr
0.79	STFGX	State Farm Growth	Pair Corr
0.61	BMRRX	Blackrock Mid Cap	Pair Corr
0.71	ABWYX	Ab All Market	Pair Corr
0.61	TEDNX	Tiaa Cref Emerging	Pair Corr

Moving against Nuveen Fund

0.31

DAAIX

Dunham Appreciation

Pair Corr

Related Correlations Analysis

	NEA	NAD	NMZ	NUV	NZF	MUI	NDMO	MQY	KTF	MYI
NEA		0.94	0.91	0.88	0.96	0.57	0.85	0.8	0.85	0.86	NEA
NAD	0.94		0.89	0.88	0.92	0.64	0.87	0.84	0.88	0.92	NAD
NMZ	0.91	0.89		0.92	0.95	0.56	0.91	0.79	0.77	0.87	NMZ
NUV	0.88	0.88	0.92		0.9	0.41	0.95	0.73	0.74	0.86	NUV
NZF	0.96	0.92	0.95	0.9		0.63	0.86	0.84	0.84	0.9	NZF
MUI	0.57	0.64	0.56	0.41	0.63		0.41	0.82	0.73	0.69	MUI
NDMO	0.85	0.87	0.91	0.95	0.86	0.41		0.76	0.77	0.85	NDMO
MQY	0.8	0.84	0.79	0.73	0.84	0.82	0.76		0.95	0.89	MQY
KTF	0.85	0.88	0.77	0.74	0.84	0.73	0.77	0.95		0.9	KTF
MYI	0.86	0.92	0.87	0.86	0.9	0.69	0.85	0.89	0.9		MYI
	NEA	NAD	NMZ	NUV	NZF	MUI	NDMO	MQY	KTF	MYI

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Risk-Adjusted Indicators

There is a big difference between Nuveen Fund performing well and Nuveen Amt 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 Amt'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
NEA	0.41	0.03	0.05	0.52	0.45	(0.48)	0.80	(0.71)	2.21
NAD	0.44	0.00	0.00	0.02	0.55	(0.44)	0.85	(0.94)	2.07
NMZ	0.53	0.02	0.03	0.09	0.65	(0.55)	1.06	(1.08)	2.96
NUV	0.39	(0.01)	(0.02)	(0.06)	0.47	(0.44)	0.90	(0.70)	2.54
NZF	0.51	0.04	0.05	0.19	0.55	(0.61)	1.20	(1.02)	2.99
MUI	0.48	(0.04)	0.00	(0.18)	0.00	0.00	0.72	(1.32)	3.94
NDMO	0.45	(0.02)	0.00	(0.11)	0.00	0.00	0.81	(1.13)	2.81
MQY	0.54	(0.07)	0.00	(0.27)	0.00	0.00	1.10	(1.17)	3.71
KTF	0.37	(0.03)	0.00	(0.18)	0.00	0.00	0.84	(0.94)	2.61
MYI	0.53	(0.02)	0.00	(0.08)	0.00	0.00	1.00	(1.09)	3.10

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