Nuveen Georgia Correlations
| XNKGXDelisted Fund | USD 11.80 0.00 0.00% |
The current 90-days correlation between Nuveen Georgia Quality and Angel Oak Financial is 0.06 (i.e., Significant diversification). The correlation of Nuveen Georgia 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 Georgia Correlation With Market
Significant diversification
The correlation between Nuveen Georgia Quality and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Georgia Quality and DJI in the same portfolio, assuming nothing else is changed.
Nuveen |
Moving together with Nuveen Mutual Fund
| 0.61 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.61 | VFINX | Vanguard 500 Index | PairCorr |
| 0.61 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.88 | LFRIX | Floating Rate | PairCorr |
| 0.61 | JPM | JPMorgan Chase | PairCorr |
| 0.74 | BA | Boeing | PairCorr |
| 0.78 | AXP | American Express | PairCorr |
| 0.88 | WMT | Walmart Aggressive Push | PairCorr |
Moving against Nuveen Mutual Fund
| 0.88 | JNJ | Johnson Johnson | PairCorr |
| 0.76 | XOM | Exxon Mobil Corp Earnings Call Today | PairCorr |
| 0.67 | HPQ | HP Inc | PairCorr |
| 0.55 | AA | Alcoa Corp | PairCorr |
| 0.49 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.49 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.42 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.39 | TRV | The Travelers Companies | PairCorr |
| 0.38 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.32 | VZ | Verizon Communications | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Nuveen Mutual Fund performing well and Nuveen Georgia 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 Georgia'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XFINX | 0.12 | 0.01 | (0.26) | (0.14) | 0.18 | 0.29 | 1.14 | |||
| GCFSX | 0.60 | 0.10 | 0.01 | 10.43 | 0.69 | 1.50 | 6.27 | |||
| FNPIX | 1.16 | 0.13 | 0.06 | 0.30 | 1.38 | 2.08 | 13.82 | |||
| TFIFX | 0.88 | 0.00 | (0.03) | 0.08 | 1.52 | 1.50 | 13.33 | |||
| FIDAX | 0.92 | (0.02) | (0.04) | 0.05 | 1.65 | 1.79 | 14.53 |
Nuveen Georgia Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nuveen Georgia mutual fund to make a market-neutral strategy. Peer analysis of Nuveen Georgia could also be used in its relative valuation, which is a method of valuing Nuveen Georgia by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Nuveen Georgia Quality?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.