Nuveen Minnesota Correlations

Mutual Funds . USA . 
Fund . Nuveen Minnesota Intermediate
FAMAX Fund  USD 9.60  0.01  0.10%   
The current 90-days correlation between Nuveen Minnesota Int and Aig Government Money is 0.16 (i.e., Average diversification). The correlation of Nuveen Minnesota 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 Minnesota Correlation With Market

Average diversification

The correlation between Nuveen Minnesota Intermediate and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Minnesota Intermediate 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 Minnesota Intermediate. 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 nation.

Moving together with Nuveen Mutual Fund

  0.83EMGRX Nuveen Small CapPairCorr
  0.85NPSAX Nuveen Preferred SecPairCorr
  0.85NPSFX Nuveen Preferred SecPairCorr
  0.85NPSCX Nuveen Preferred SecPairCorr
  0.84NPSRX Nuveen Preferred SecPairCorr
  0.81FRKSX Nuveen Kansas MunicipalPairCorr
  0.83FRMPX Nuveen Small CapPairCorr
  0.91FRSLX Nuveen Mid CapPairCorr
  0.73FAARX Nuveen All AmericanPairCorr
  0.85NQCAX Nuveen Nwq LargePairCorr
  0.79FAAWX Nuveen All AmericanPairCorr
  0.83FACSX Nuveen Mid CapPairCorr
  0.71FACCX Nuveen All AmericanPairCorr
  0.93NQCRX Nuveen Nwq LargePairCorr
  0.78FAFPX Nuveen Missouri MunicipalPairCorr
  0.79FAFOX Nuveen Kansas MunicipalPairCorr
  0.91NQGCX Nuveen Nwq GlobalPairCorr
  0.67FAFKX Nuveen Orado MunicipalPairCorr
  0.91NQGAX Nuveen Nwq GlobalPairCorr
  0.88FAFJX Nuveen Limited TermPairCorr
  0.82NQGIX Nuveen Nwq GlobalPairCorr
  0.91FAMTX Nuveen Minnesota IntPairCorr
  0.89FSCCX First American InvestmentPairCorr
  0.89FSCVX Nuveen Small CapPairCorr
  0.81FSCWX Nuveen Small CapPairCorr
  0.82FSCAX Nuveen Small CapPairCorr
  0.81FSEIX Nuveen Mid CapPairCorr
  0.83FAQIX Nuveen Dividend ValuePairCorr
  0.92FASEX Nuveen Mid CapPairCorr
  0.62FSHAX Nuveen Short TermPairCorr
  0.86FSFRX Nuveen Strategic IncomePairCorr
  0.85NQVAX Nuveen Nwq MultiPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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