Nuveen Mid Correlations

Mutual Funds . USA . 
Fund . Nuveen Mid Cap
FACSX Fund  USD 51.83  0.05  0.1%   
The current 90-days correlation between Nuveen Mid Cap and Nuveen Small Cap is -0.17 (i.e., Good diversification). The correlation of Nuveen Mid 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 Mid Correlation With Market

Very poor diversification

The correlation between Nuveen Mid Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Mid 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 Mid 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 state.

Moving together with Nuveen Mutual Fund

  0.97EMGRX Nuveen Small CapPairCorr
  0.7FREAX Nuveen Real EstatePairCorr
  0.73FREGX Nuveen Real EstatePairCorr
  0.95NPSAX Nuveen Preferred SecPairCorr
  0.95NPSFX Nuveen Preferred SecPairCorr
  0.96NPSCX Nuveen Preferred SecPairCorr
  0.96NPSRX Nuveen Preferred SecPairCorr
  0.76FRKSX Nuveen Kansas MunicipalPairCorr
  0.97FRMPX Nuveen Small CapPairCorr
  0.68FRLCX Nuveen Real EstatePairCorr
  0.96FRSLX Nuveen Mid CapPairCorr
  0.97NQCCX Nuveen Nwq LargePairCorr
  0.97NQCAX Nuveen Nwq LargePairCorr
  0.61FACCX Nuveen All AmericanPairCorr
  0.97NQCRX Nuveen Nwq LargePairCorr
  0.74FAFOX Nuveen Kansas MunicipalPairCorr
  0.96NQGCX Nuveen Nwq GlobalPairCorr
  0.96NQGAX Nuveen Nwq GlobalPairCorr
  0.94FAFJX Nuveen Limited TermPairCorr
  0.98NQGIX Nuveen Nwq GlobalPairCorr
  0.91FAMAX Nuveen Minnesota IntPairCorr
  0.91FAMTX Nuveen Minnesota IntPairCorr
  0.99FSCCX First American InvestmentPairCorr
  0.96FSCVX Nuveen Small CapPairCorr
  0.99FSCWX Nuveen Small CapPairCorr
  0.97FSCAX Nuveen Small CapPairCorr
  1.0FSEIX Nuveen Mid CapPairCorr
  0.99FAQIX Nuveen Dividend ValuePairCorr
  0.7FARCX Nuveen Real EstatePairCorr
  1.0FASEX Nuveen Mid CapPairCorr
  0.93FSHAX Nuveen Short TermPairCorr
  0.9FSFRX Nuveen Strategic IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Mid 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 Mid'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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