Nuveen Large Correlations

FLRAX Fund

USD 42.59 0.12 0.28%

The current 90-days correlation between Nuveen Large Cap and Lazard Equity Centrated is 0.89 (i.e., Very poor diversification). The correlation of Nuveen Large 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 Large Correlation With Market

Almost no diversification

The correlation between Nuveen Large Cap and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Large Cap 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 Large Cap. 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 nation.

Moving together with Nuveen Mutual Fund

0.99	EMGRX	Nuveen Small Cap	Pair Corr
0.68	FREAX	Nuveen Real Estate	Pair Corr
0.7	FREGX	Nuveen Real Estate	Pair Corr
0.97	NPSAX	Nuveen Preferred Sec	Pair Corr
0.97	NPSFX	Nuveen Preferred Sec	Pair Corr
0.98	NPSCX	Nuveen Preferred Sec	Pair Corr
0.97	NPSRX	Nuveen Preferred Sec	Pair Corr
0.74	FRKSX	Nuveen Kansas Municipal	Pair Corr
0.99	FRMPX	Nuveen Small Cap	Pair Corr
0.66	FRLCX	Nuveen Real Estate	Pair Corr
0.78	FRSLX	Nuveen Mid Cap	Pair Corr
0.99	NQCCX	Nuveen Nwq Large	Pair Corr
0.77	NQCAX	Nuveen Nwq Large	Pair Corr
0.98	FACSX	Nuveen Mid Cap	Pair Corr
0.76	NQCRX	Nuveen Nwq Large	Pair Corr
0.97	NQGCX	Nuveen Nwq Global	Pair Corr
0.97	NQGAX	Nuveen Nwq Global	Pair Corr
0.81	FAFJX	Nuveen Limited Term	Pair Corr
0.8	NQGIX	Nuveen Nwq Global	Pair Corr
0.81	FAMAX	Nuveen Minnesota Int	Pair Corr
0.79	FAMTX	Nuveen Minnesota Int	Pair Corr
0.76	FSCCX	First American Investment	Pair Corr
0.96	FSCVX	Nuveen Small Cap	Pair Corr
0.76	FSCWX	Nuveen Small Cap	Pair Corr
0.97	FSCAX	Nuveen Small Cap	Pair Corr
0.75	FSEIX	Nuveen Mid Cap	Pair Corr
0.77	FAQIX	Nuveen Dividend Value	Pair Corr
0.69	FARCX	Nuveen Real Estate	Pair Corr
0.75	FASEX	Nuveen Mid Cap	Pair Corr
0.96	FSHAX	Nuveen Short Term	Pair Corr
0.74	FSFRX	Nuveen Strategic Income	Pair Corr

Related Correlations Analysis

	LEVOX	JDNAX	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL
LEVOX		0.99	0.99	0.98	0.97	0.99	0.0	-0.13	-0.16	0.94	LEVOX
JDNAX	0.99		1.0	0.99	0.98	0.99	0.0	-0.13	-0.15	0.96	JDNAX
MSTSX	0.99	1.0		0.99	0.98	1.0	0.0	-0.11	-0.16	0.95	MSTSX
LBHIX	0.98	0.99	0.99		0.97	0.99	0.0	-0.06	-0.09	0.94	LBHIX
VIASP	0.97	0.98	0.98	0.97		0.98	0.0	-0.15	-0.19	0.97	VIASP
RRTLX	0.99	0.99	1.0	0.99	0.98		0.0	-0.1	-0.13	0.95	RRTLX
OSHDF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OSHDF
70082LAB3	-0.13	-0.13	-0.11	-0.06	-0.15	-0.1	0.0		0.75	-0.21	70082LAB3
SITKF	-0.16	-0.15	-0.16	-0.09	-0.19	-0.13	0.0	0.75		-0.19	SITKF
RWAYL	0.94	0.96	0.95	0.94	0.97	0.95	0.0	-0.21	-0.19		RWAYL
	LEVOX	JDNAX	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MSTSX	+ 1.0	JDNAX
RRTLX	+ 1.0	MSTSX
JDNAX	+ 0.99	LEVOX
MSTSX	+ 0.99	LEVOX
RRTLX	+ 0.99	LEVOX
LBHIX	+ 0.99	JDNAX

High negative correlations

RWAYL	- 0.21	70082LAB3
RWAYL	- 0.19	SITKF
SITKF	- 0.19	VIASP
SITKF	- 0.16	MSTSX
SITKF	- 0.16	LEVOX
70082LAB3	- 0.15	VIASP

Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Large 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 Large'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LEVOX	1.01	0.14	0.12	0.24	0.94	(1.20)	2.84	(2.43)	8.11
JDNAX	0.70	0.15	0.17	0.29	0.46	(0.87)	2.26	(1.32)	4.97
MSTSX	0.49	0.10	0.07	0.28	0.32	(0.57)	1.45	(1.17)	3.51
LBHIX	0.18	0.05	(0.20)	0.44	0.00	(0.33)	0.49	(0.24)	1.22
VIASP	0.45	0.15	0.09	1.19	0.00	(0.58)	1.01	(0.76)	4.38
RRTLX	0.23	0.04	(0.11)	0.28	0.00	(0.30)	0.73	(0.39)	1.74
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
70082LAB3	1.56	0.02	0.00	0.11	0.00	0.00	2.55	(4.54)	20.47
SITKF	2.99	0.28	0.01	(0.17)	3.63	(4.66)	6.25	(6.98)	23.19
RWAYL	0.15	0.04	(0.41)	1.21	0.00	(0.20)	0.36	(0.24)	1.01

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