Nuveen Dividend Correlations

Mutual Funds USA . 
Fund . Nuveen Dividend Value
FAQIX Fund  USD 15.05  0.01  0.07%   
The current 90-days correlation between Nuveen Dividend Value and Nuveen Small Cap is -0.2 (i.e., Good diversification). The correlation of Nuveen Dividend 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 Dividend Correlation With Market

Almost no diversification

The correlation between Nuveen Dividend Value and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Dividend Value 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 Dividend Value. 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 gross domestic product.

Moving together with Nuveen Mutual Fund

  0.97EMGRX Nuveen Small CapPairCorr
  0.69FREAX Nuveen Real EstatePairCorr
  0.72FREGX Nuveen Real EstatePairCorr
  0.97NPSAX Nuveen Preferred SecPairCorr
  0.97NPSFX Nuveen Preferred SecPairCorr
  0.97NPSCX Nuveen Preferred SecPairCorr
  0.97NPSRX Nuveen Preferred SecPairCorr
  0.77FRKSX Nuveen Kansas MunicipalPairCorr
  0.97FRMPX Nuveen Small CapPairCorr
  0.67FRLCX Nuveen Real EstatePairCorr
  0.97FRSLX Nuveen Mid CapPairCorr
  1.0NQCCX Nuveen Nwq LargePairCorr
  0.98NQCAX Nuveen Nwq LargePairCorr
  0.99FACSX Nuveen Mid CapPairCorr
  0.98NQCRX Nuveen Nwq LargePairCorr
  0.72FAFOX Nuveen Kansas MunicipalPairCorr
  0.96NQGCX Nuveen Nwq GlobalPairCorr
  0.96NQGAX Nuveen Nwq GlobalPairCorr
  0.95FAFJX Nuveen Limited TermPairCorr
  0.98NQGIX Nuveen Nwq GlobalPairCorr
  0.93FAMAX Nuveen Minnesota IntPairCorr
  0.93FAMTX Nuveen Minnesota IntPairCorr
  0.98FSCCX First American InvestmentPairCorr
  0.96FSCVX Nuveen Small CapPairCorr
  0.98FSCWX Nuveen Small CapPairCorr
  0.96FSCAX Nuveen Small CapPairCorr
  0.99FSEIX Nuveen Mid CapPairCorr
  0.69FARCX Nuveen Real EstatePairCorr
  0.99FASEX Nuveen Mid CapPairCorr
  0.95FSHAX Nuveen Short TermPairCorr
  0.93FSFRX 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 Dividend 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 Dividend'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMGRX  0.85  0.31  0.13 (1.33) 0.80 
(0.95)
 2.16 
(1.72)
 6.46 
FREAX  0.61  0.10 (0.04)(0.64) 0.85 
(0.64)
 1.77 
(1.31)
 4.47 
FREGX  0.59 (0.01)(0.07) 0.12  0.88 
(0.59)
 1.46 
(1.26)
 4.46 
NPSAX  0.13  0.08 (0.45)(3.20) 0.00 
(0.19)
 0.40 
(0.13)
 0.79 
NPSFX  0.13  0.08 (0.37)(4.09) 0.00 
(0.19)
 0.46 
(0.13)
 0.83 
NPSCX  0.13  0.08 (0.40)(3.07) 0.00 
(0.19)
 0.39 
(0.13)
 0.83 
NPSRX  0.12  0.06 (0.50) 0.91  0.00 
(0.17)
 0.39 
(0.13)
 0.83 
FRKSX  0.14 (0.01)(0.54)(0.08) 0.15 
(0.22)
 0.31 
(0.31)
 0.93 
FRMPX  0.86  0.35  0.19 (1.67) 0.66 
(1.04)
 2.27 
(1.36)
 5.61 
FRLCX  0.62  0.10 (0.05)(0.63) 0.85 
(0.66)
 1.75 
(1.31)
 4.39 

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