Nuveen Short Correlations

Mutual Funds . USA . 
Fund . Nuveen Short Term
FSHYX Fund  USD 9.87  0.01  0.10%   
The current 90-days correlation between Nuveen Short Term and Nuveen Small Cap is 0.18 (i.e., Average diversification). The correlation of Nuveen Short 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 Short Correlation With Market

Modest diversification

The correlation between Nuveen Short Term and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Short Term 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 Short Term. 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 manufacturing.

Moving together with Nuveen Mutual Fund

  0.95EMGRX Nuveen Small CapPairCorr
  0.63FREAX Nuveen Real EstatePairCorr
  0.65FREGX Nuveen Real EstatePairCorr
  0.98NPSAX Nuveen Preferred SecPairCorr
  0.98NPSFX Nuveen Preferred SecPairCorr
  0.98NPSCX Nuveen Preferred SecPairCorr
  0.98NPSRX Nuveen Preferred SecPairCorr
  0.75FRKSX Nuveen Kansas MunicipalPairCorr
  0.96FRMPX Nuveen Small CapPairCorr
  0.61FRLCX Nuveen Real EstatePairCorr
  0.95FRSLX Nuveen Mid CapPairCorr
  0.97NQCCX Nuveen Nwq LargePairCorr
  0.97NQCAX Nuveen Nwq LargePairCorr
  0.94FACSX Nuveen Mid CapPairCorr
  0.97NQCRX Nuveen Nwq LargePairCorr
  0.64FAFOX Nuveen Kansas MunicipalPairCorr
  0.95NQGCX Nuveen Nwq GlobalPairCorr
  0.95NQGAX Nuveen Nwq GlobalPairCorr
  0.98FAFJX Nuveen Limited TermPairCorr
  0.95NQGIX Nuveen Nwq GlobalPairCorr
  0.95FAMAX Nuveen Minnesota IntPairCorr
  0.94FAMTX Nuveen Minnesota IntPairCorr
  0.93FSCCX First American InvestmentPairCorr
  0.92FSCVX Nuveen Small CapPairCorr
  0.93FSCWX Nuveen Small CapPairCorr
  0.93FSCAX Nuveen Small CapPairCorr
  0.94FSEIX Nuveen Mid CapPairCorr
  0.96FAQIX Nuveen Dividend ValuePairCorr
  0.64FARCX Nuveen Real EstatePairCorr
  0.94FASEX Nuveen Mid CapPairCorr
  0.99FSHAX Nuveen Short TermPairCorr
  0.97FSFRX 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 Short 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 Short'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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