Nuveen Dividend Correlations

Mutual Funds . USA . 
Fund . Nuveen Dividend Value
FFEFX Fund  USD 15.20  0.01  0.07%   
The current 90-days correlation between Nuveen Dividend Value and Gamco Global Opportunity is 0.12 (i.e., Average 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 census.

Moving together with Nuveen Mutual Fund

  0.97EMGRX Nuveen Small CapPairCorr
  0.67FREAX Nuveen Real EstatePairCorr
  0.7FREGX Nuveen Real EstatePairCorr
  0.97NPSAX Nuveen Preferred SecPairCorr
  0.97NPSFX Nuveen Preferred SecPairCorr
  0.97NPSCX Nuveen Preferred SecPairCorr
  0.97NPSRX Nuveen Preferred SecPairCorr
  0.73FRKSX Nuveen Kansas MunicipalPairCorr
  0.97FRMPX Nuveen Small CapPairCorr
  0.65FRLCX Nuveen Real EstatePairCorr
  0.98NQCCX Nuveen Nwq LargePairCorr
  0.99FACSX Nuveen Mid CapPairCorr
  0.62NQCRX Nuveen Nwq LargePairCorr
  0.66FAFOX Nuveen Kansas MunicipalPairCorr
  0.96NQGCX Nuveen Nwq GlobalPairCorr
  0.97NQGAX Nuveen Nwq GlobalPairCorr
  0.64FAFJX Nuveen Limited TermPairCorr
  0.69FAMAX Nuveen Minnesota IntPairCorr
  0.62FAMTX 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
  0.62FAQIX Nuveen Dividend ValuePairCorr
  0.68FARCX Nuveen Real EstatePairCorr
  0.97FASEX Nuveen Mid CapPairCorr
  0.95FSHAX Nuveen Short TermPairCorr
  0.93FSFRX Nuveen Strategic IncomePairCorr
  0.98NQVAX 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 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.

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