Nuveen Strategic Correlations

Mutual Funds . USA . 
Fund . Nuveen Strategic Income
FSFRX Fund  USD 9.87  0.01  0.10%   
The current 90-days correlation between Nuveen Strategic Income and Tax Managed Large Cap is 0.14 (i.e., Average 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.

Nuveen Strategic Correlation With Market

Average diversification

The correlation between Nuveen Strategic Income and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Strategic Income 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 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 metropolitan statistical area.

Moving together with Nuveen Mutual Fund

  0.67EMGRX Nuveen Small CapPairCorr
  0.74NPSAX Nuveen Preferred SecPairCorr
  0.75NPSFX Nuveen Preferred SecPairCorr
  0.74NPSCX Nuveen Preferred SecPairCorr
  0.97NPSRX Nuveen Preferred SecPairCorr
  0.68FRKSX Nuveen Kansas MunicipalPairCorr
  0.71FRMPX Nuveen Small CapPairCorr
  0.69FRSLX Nuveen Mid CapPairCorr
  0.73NQCCX Nuveen Nwq LargePairCorr
  0.92NQCAX Nuveen Nwq LargePairCorr
  0.66FACSX Nuveen Mid CapPairCorr
  0.92NQCRX Nuveen Nwq LargePairCorr
  0.67NQGCX Nuveen Nwq GlobalPairCorr
  0.68NQGAX Nuveen Nwq GlobalPairCorr
  0.97FAFJX Nuveen Limited TermPairCorr
  0.92NQGIX Nuveen Nwq GlobalPairCorr
  0.92FAMAX Nuveen Minnesota IntPairCorr
  0.9FAMTX Nuveen Minnesota IntPairCorr
  0.85FSCCX First American InvestmentPairCorr
  0.63FSCVX Nuveen Small CapPairCorr
  0.85FSCWX Nuveen Small CapPairCorr
  0.65FSCAX Nuveen Small CapPairCorr
  0.88FSEIX Nuveen Mid CapPairCorr
  0.92FAQIX Nuveen Dividend ValuePairCorr
  0.66FASEX Nuveen Mid CapPairCorr
  0.79FSHAX Nuveen Short TermPairCorr

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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