Nuveen Minnesota Correlations

Mutual Funds . USA . 
Fund . Nuveen Minnesota Intermediate
FAMTX Fund  USD 9.51  0.01  0.11%   
The current 90-days correlation between Nuveen Minnesota Int and T Rowe Price is 0.09 (i.e., Significant 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

Modest diversification

The correlation between Nuveen Minnesota Intermediate and DJI is 0.23 (i.e., Modest 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 estimate.

Moving together with Nuveen Mutual Fund

  0.75EMGRX Nuveen Small CapPairCorr
  0.63FREGX Nuveen Real EstatePairCorr
  0.75NPSAX Nuveen Preferred SecPairCorr
  0.75NPSFX Nuveen Preferred SecPairCorr
  0.77NPSCX Nuveen Preferred SecPairCorr
  0.9NPSRX Nuveen Preferred SecPairCorr
  0.88FRKSX Nuveen Kansas MunicipalPairCorr
  0.73FRMPX Nuveen Small CapPairCorr
  0.75FRSLX Nuveen Mid CapPairCorr
  0.71FAARX Nuveen All AmericanPairCorr
  0.78NQCCX Nuveen Nwq LargePairCorr
  0.75NQCAX Nuveen Nwq LargePairCorr
  0.72FAAWX Nuveen All AmericanPairCorr
  0.74FACSX Nuveen Mid CapPairCorr
  0.75NQCRX Nuveen Nwq LargePairCorr
  0.71FAFPX Nuveen Missouri MunicipalPairCorr
  0.8FAFOX Nuveen Kansas MunicipalPairCorr
  0.72NQGCX Nuveen Nwq GlobalPairCorr
  0.72NQGAX Nuveen Nwq GlobalPairCorr
  0.85FAFJX Nuveen Limited TermPairCorr
  0.76NQGIX Nuveen Nwq GlobalPairCorr
  0.89FAMAX Nuveen Minnesota IntPairCorr
  0.73FSCCX First American InvestmentPairCorr
  0.7FSCVX Nuveen Small CapPairCorr
  0.87FSCWX Nuveen Small CapPairCorr
  0.72FSCAX Nuveen Small CapPairCorr
  0.89FSEIX Nuveen Mid CapPairCorr
  0.91FAQIX Nuveen Dividend ValuePairCorr
  0.74FASEX Nuveen Mid CapPairCorr
  0.77FSHAX Nuveen Short TermPairCorr
  0.79FSFRX Nuveen Strategic IncomePairCorr

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 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY