Nuveen New York Municipal Value Fund (NNY) — Stock Correlations & Overview
Over the past year, NNY has moved most closely with NRK, XMPT, MPA. Explore the stocks most correlated and inversely correlated with NNY below, along with its price, financials, and company profile.
Stocks correlated with NNY
Correlation of daily returns. Higher positive values move with NNY; negative values move opposite it. Informational only, not investment advice.
Most correlated with NNY
| Symbol | Company | Correlation |
|---|---|---|
| NRK | Nuveen New York AMT-Free Quality Municipal Income Fund | 0.48 |
| XMPT | VanEck CEF Muni Income ETF | 0.45 |
| MPA | BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND | 0.45 |
| NAC | Nuveen California Quality Municipal Income Fund | 0.44 |
| RFMZ | RiverNorth Flexible Municipal Income Fund II, Inc. | 0.44 |
Frequently asked questions about NNY correlations
- Which stocks are most correlated with NNY?
- Based on one year of daily returns, the stocks most correlated with Nuveen New York Municipal Value Fund (NNY) are NRK (0.48), XMPT (0.45) and MPA (0.45). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with NNY?
- Over the past year, the stocks most inversely correlated with Nuveen New York Municipal Value Fund (NNY) are EPV (-0.35), EFU (-0.35) and EFZ (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these NNY correlations calculated?
- We compute the correlation of daily returns between NNY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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