Nuveen Global Correlations

Mutual Funds . USA . 
Fund . Nuveen Global Infrastructure
FGIWX Fund  USD 12.84  0.12  0.94%   
The current 90-days correlation between Nuveen Global Infras and Nuveen Small Cap is 0.3 (i.e., Weak diversification). The correlation of Nuveen Global 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 Global Correlation With Market

Weak diversification

The correlation between Nuveen Global Infrastructure and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Global Infrastructure 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 Global Infrastructure. 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 housing.

Moving together with Nuveen Mutual Fund

  0.85EMGRX Nuveen Small CapPairCorr
  0.78FREAX Nuveen Real EstatePairCorr
  0.79FREGX Nuveen Real EstatePairCorr
  0.88NPSAX Nuveen Preferred SecPairCorr
  0.87NPSFX Nuveen Preferred SecPairCorr
  0.88NPSCX Nuveen Preferred SecPairCorr
  0.87NPSRX Nuveen Preferred SecPairCorr
  0.69FRKSX Nuveen Kansas MunicipalPairCorr
  0.89FRMPX Nuveen Small CapPairCorr
  0.76FRLCX Nuveen Real EstatePairCorr
  0.89FRSLX Nuveen Mid CapPairCorr
  0.85NQCCX Nuveen Nwq LargePairCorr
  0.85NQCAX Nuveen Nwq LargePairCorr
  0.86FACSX Nuveen Mid CapPairCorr
  0.85NQCRX Nuveen Nwq LargePairCorr
  0.93NQGCX Nuveen Nwq GlobalPairCorr
  0.92NQGAX Nuveen Nwq GlobalPairCorr
  0.86FAFJX Nuveen Limited TermPairCorr
  0.92NQGIX Nuveen Nwq GlobalPairCorr
  0.81FAMAX Nuveen Minnesota IntPairCorr
  0.8FAMTX Nuveen Minnesota IntPairCorr
  0.81FSCCX First American InvestmentPairCorr
  0.8FSCVX Nuveen Small CapPairCorr
  0.81FSCWX Nuveen Small CapPairCorr
  0.81FSCAX Nuveen Small CapPairCorr
  0.86FSEIX Nuveen Mid CapPairCorr
  0.86FAQIX Nuveen Dividend ValuePairCorr
  0.78FARCX Nuveen Real EstatePairCorr
  0.86FASEX Nuveen Mid CapPairCorr
  0.85FSHAX Nuveen Short TermPairCorr
  0.84FSFRX 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 Global 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 Global'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  0.12  0.11  0.25  0.80 
(0.94)
 2.16 
(1.72)
 6.46 
FREAX  0.59 (0.01)(0.07) 0.12  0.88 
(0.60)
 1.52 
(1.31)
 4.44 
FREGX  0.59 (0.01)(0.07) 0.12  0.88 
(0.59)
 1.46 
(1.26)
 4.46 
NPSAX  0.12  0.06 (0.48) 0.97  0.00 
(0.18)
 0.33 
(0.13)
 0.79 
NPSFX  0.13  0.06 (0.41) 0.91  0.00 
(0.18)
 0.39 
(0.13)
 0.83 
NPSCX  0.13  0.06 (0.43) 0.84  0.00 
(0.18)
 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  0.87  0.17  0.17  0.30  0.69 
(1.04)
 2.27 
(1.36)
 5.61 
FRLCX  0.60 (0.01)(0.07) 0.11  0.88 
(0.62)
 1.52 
(1.31)
 4.39 

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