Correlation Between Nuveen Managed and Us Small
Can any of the company-specific risk be diversified away by investing in both Nuveen Managed and Us Small at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Nuveen Managed and Us Small into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Nuveen Managed Accounts and Us Small Cap, you can compare the effects of market volatilities on Nuveen Managed and Us Small and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Nuveen Managed with a short position of Us Small. Check out your portfolio center. Please also check ongoing floating volatility patterns of Nuveen Managed and Us Small.
Diversification Opportunities for Nuveen Managed and Us Small
0.88 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Nuveen and DFSTX is 0.88. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Managed Accounts and Us Small Cap in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Us Small Cap and Nuveen Managed is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Nuveen Managed Accounts are associated (or correlated) with Us Small. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Us Small Cap has no effect on the direction of Nuveen Managed i.e., Nuveen Managed and Us Small go up and down completely randomly.
Pair Corralation between Nuveen Managed and Us Small
Assuming the 90 days horizon Nuveen Managed is expected to generate 2.17 times less return on investment than Us Small. But when comparing it to its historical volatility, Nuveen Managed Accounts is 6.9 times less risky than Us Small. It trades about 0.53 of its potential returns per unit of risk. Us Small Cap is currently generating about 0.17 of returns per unit of risk over similar time horizon. If you would invest 4,629 in Us Small Cap on May 29, 2025 and sell it today you would earn a total of 514.00 from holding Us Small Cap or generate 11.1% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Nuveen Managed Accounts vs. Us Small Cap
Performance |
| Timeline |
| Nuveen Managed Accounts |
| Us Small Cap |
Nuveen Managed and Us Small Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Nuveen Managed and Us Small
The main advantage of trading using opposite Nuveen Managed and Us Small positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Nuveen Managed position performs unexpectedly, Us Small can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Us Small will offset losses from the drop in Us Small's long position.| Nuveen Managed vs. Nuveen Small Cap | Nuveen Managed vs. Nuveen Real Estate | Nuveen Managed vs. Nuveen Real Estate | Nuveen Managed vs. Nuveen Preferred Securities |
| Us Small vs. Delaware Healthcare Fund | Us Small vs. Prudential Health Sciences | Us Small vs. The Hartford Healthcare | Us Small vs. Putnam Global Health |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Other Complementary Tools
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |