Nuveen Limited Correlations

Mutual Funds . USA . 
Fund . Nuveen Limited Term
FAFJX Fund  USD 10.81  0.01  0.09%   
The current 90-days correlation between Nuveen Limited Term and Multimanager Lifestyle Moderate is 0.3 (i.e., Weak diversification). The correlation of Nuveen Limited 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 Limited Correlation With Market

Modest diversification

The correlation between Nuveen Limited Term and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Limited Term 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 Limited Term. 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 inflation.

Moving together with Nuveen Mutual Fund

  0.71EMGRX Nuveen Small CapPairCorr
  0.75NPSAX Nuveen Preferred SecPairCorr
  0.75NPSFX Nuveen Preferred SecPairCorr
  0.74NPSCX Nuveen Preferred SecPairCorr
  0.76NPSRX Nuveen Preferred SecPairCorr
  0.64FRKSX Nuveen Kansas MunicipalPairCorr
  0.74FRMPX Nuveen Small CapPairCorr
  0.94FRSLX Nuveen Mid CapPairCorr
  0.76NQCCX Nuveen Nwq LargePairCorr
  0.95NQCAX Nuveen Nwq LargePairCorr
  0.7FACSX Nuveen Mid CapPairCorr
  0.95NQCRX Nuveen Nwq LargePairCorr
  0.68FAFOX Nuveen Kansas MunicipalPairCorr
  0.7NQGCX Nuveen Nwq GlobalPairCorr
  0.7NQGAX Nuveen Nwq GlobalPairCorr
  0.96NQGIX Nuveen Nwq GlobalPairCorr
  0.97FAMAX Nuveen Minnesota IntPairCorr
  0.85FAMTX Nuveen Minnesota IntPairCorr
  0.89FSCCX First American InvestmentPairCorr
  0.68FSCVX Nuveen Small CapPairCorr
  0.82FSCWX Nuveen Small CapPairCorr
  0.7FSCAX Nuveen Small CapPairCorr
  0.83FSEIX Nuveen Mid CapPairCorr
  0.85FAQIX Nuveen Dividend ValuePairCorr
  0.92FASEX Nuveen Mid CapPairCorr
  0.8FSHAX Nuveen Short TermPairCorr
  0.97FSFRX 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 Limited 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 Limited'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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