Nuveen Small Correlations

Mutual Funds . USA . 
Fund . Nuveen Small Cap
EMGRX Fund  USD 10.40  0.04  0.38%   
The current 90-days correlation between Nuveen Small Cap and Delaware Emerging Markets is 0.12 (i.e., Average diversification). The correlation of Nuveen Small 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 Small Correlation With Market

Good diversification

The correlation between Nuveen Small Cap and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Nuveen Small Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Nuveen Mutual Fund

  0.71FREAX Nuveen Real EstatePairCorr
  0.96NPSAX Nuveen Preferred SecPairCorr
  0.96NPSFX Nuveen Preferred SecPairCorr
  0.96NPSCX Nuveen Preferred SecPairCorr
  0.73FRKSX Nuveen Kansas MunicipalPairCorr
  0.99FRMPX Nuveen Small CapPairCorr
  0.99FRSLX Nuveen Mid CapPairCorr
  0.99NQCAX Nuveen Nwq LargePairCorr
  0.97FACSX Nuveen Mid CapPairCorr
  0.73FAFOX Nuveen Kansas MunicipalPairCorr
  0.94FAFJX Nuveen Limited TermPairCorr
  0.97NQGIX Nuveen Nwq GlobalPairCorr
  0.9FAMTX Nuveen Minnesota IntPairCorr
  0.99FSCAX Nuveen Small CapPairCorr
  0.72FARCX Nuveen Real EstatePairCorr
  0.97FASEX Nuveen Mid CapPairCorr
  0.94FSHAX Nuveen Short TermPairCorr
  0.89FSFRX Nuveen Strategic IncomePairCorr
  0.97NQVAX Nuveen Nwq MultiPairCorr
  0.93NAFOX Nuveen Oregon IntermPairCorr
  0.98NSBAX Nuveen Santa BarbaraPairCorr
  0.91FCBCX Nuveen Strategic IncomePairCorr
  0.92FCDDX Nuveen Strategic IncomePairCorr
  0.95NSCCX Nuveen Nwq SmallPairCorr
  0.95NSCRX Nuveen Nwq SmallPairCorr
  0.74NSIOX Nuveen Strategic MunPairCorr
  0.99NSMAX Nuveen Nwq SmallmidPairCorr
  0.97NSMCX Nuveen Nwq SmallmidPairCorr
  0.98ARSTX Nuveen Small CapPairCorr
  0.93NCIGX Nuveen Nwq InternationalPairCorr
  0.95NCOIX Nuveen Symphony CreditPairCorr
  0.98NUGCX Nuveen Santa BarbaraPairCorr
  0.89NUICX Nuveen Santa BarbaraPairCorr
  0.97FFEIX Nuveen Dividend ValuePairCorr

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 Small 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 Small'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.

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