Nuveen Strategic Correlations

Mutual Funds . USA . 
Fund . Nuveen Strategic Income
FCDDX Fund  USD 9.86  0.01  0.10%   
The current 90-days correlation between Nuveen Strategic Income and Franklin Adjustable Government is 0.69 (i.e., Poor diversification). The correlation of Nuveen Strategic 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Nuveen Strategic Income. 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 unemployment.

Moving together with Nuveen Mutual Fund

  0.9EMGRX Nuveen Small CapPairCorr
  0.61FREAX Nuveen Real EstatePairCorr
  0.61FREGX Nuveen Real EstatePairCorr
  0.97NPSAX Nuveen Preferred SecPairCorr
  0.97NPSFX Nuveen Preferred SecPairCorr
  0.97NPSCX Nuveen Preferred SecPairCorr
  0.97NPSRX Nuveen Preferred SecPairCorr
  0.66FRKSX Nuveen Kansas MunicipalPairCorr
  0.92FRMPX Nuveen Small CapPairCorr
  0.91FRSLX Nuveen Mid CapPairCorr
  0.94NQCCX Nuveen Nwq LargePairCorr
  0.94NQCAX Nuveen Nwq LargePairCorr
  0.9FACSX Nuveen Mid CapPairCorr
  0.93NQGCX Nuveen Nwq GlobalPairCorr
  0.93NQGAX Nuveen Nwq GlobalPairCorr
  0.97FAFJX Nuveen Limited TermPairCorr
  0.93NQGIX Nuveen Nwq GlobalPairCorr
  0.93FAMAX Nuveen Minnesota IntPairCorr
  0.91FAMTX Nuveen Minnesota IntPairCorr
  0.88FSCCX First American InvestmentPairCorr
  0.87FSCVX Nuveen Small CapPairCorr
  0.88FSCWX Nuveen Small CapPairCorr
  0.87FSCAX Nuveen Small CapPairCorr
  0.91FSEIX Nuveen Mid CapPairCorr
  0.93FAQIX Nuveen Dividend ValuePairCorr
  0.62FARCX Nuveen Real EstatePairCorr
  0.9FASEX Nuveen Mid CapPairCorr
  0.97FSHAX Nuveen Short TermPairCorr
  1.0FSFRX Nuveen Strategic IncomePairCorr
  0.93NQVCX 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 Strategic 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 Strategic'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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