Nuveen Core Correlations

JCE Fund

USD 15.91 0.01 0.06%

The current 90-days correlation between Nuveen Core Equity and T Rowe Price is 0.75 (i.e., Poor diversification). The correlation of Nuveen Core 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 Core Correlation With Market

Poor diversification

The correlation between Nuveen Core Equity and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Core Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Core Equity. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Nuveen Fund

0.62	BIGRX	Income Growth	Pair Corr
0.66	JAARX	Alternative Asset	Pair Corr
0.87	BSPSX	Blackrock Sp 500	Pair Corr
0.73	SEHAX	Siit Equity Factor	Pair Corr
0.67	NWWUX	Nationwide Destination	Pair Corr
0.64	GILCX	Guggenheim Large Cap	Pair Corr

Related Correlations Analysis

	TBLDX	SEDAX	FEMDX	FHTFX	SMPIX	LMUSX
TBLDX		0.79	0.74	0.81	0.86	0.95	TBLDX
SEDAX	0.79		0.98	0.91	0.72	0.79	SEDAX
FEMDX	0.74	0.98		0.88	0.69	0.78	FEMDX
FHTFX	0.81	0.91	0.88		0.76	0.78	FHTFX
SMPIX	0.86	0.72	0.69	0.76		0.85	SMPIX
LMUSX	0.95	0.79	0.78	0.78	0.85		LMUSX
	TBLDX	SEDAX	FEMDX	FHTFX	SMPIX	LMUSX

Risk-Adjusted Indicators

There is a big difference between Nuveen Fund performing well and Nuveen Core 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 Core'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
TBLDX	0.27	0.02	(0.06)	0.12	0.28	(0.31)	0.64	(0.54)	1.73
SEDAX	0.18	0.07	0.00	0.91	0.00	(0.25)	0.44	(0.33)	1.09
FEMDX	0.16	0.00	(0.09)	0.00	0.00	(0.21)	0.39	(0.31)	0.86
FHTFX	0.14	0.05	(0.11)	1.55	0.00	(0.24)	0.39	(0.25)	1.16
SMPIX	2.28	0.22	0.09	0.19	2.91	(2.38)	6.54	(5.47)	14.79
LMUSX	0.56	0.03	0.03	0.11	0.76	(0.52)	1.25	(1.38)	3.59

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Nuveen Core Correlations

Nuveen Core Correlation With Market

Poor diversification

Moving together with Nuveen Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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