Nuveen Oregon Correlations

Mutual Funds . USA . 
Fund . Nuveen Oregon Intermediate
NAFOX Fund  USD 9.52  0.01  0.10%   
The current 90-days correlation between Nuveen Oregon Interm and Nuveen Small Cap is 0.2 (i.e., Modest diversification). The correlation of Nuveen Oregon 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 Oregon Correlation With Market

Good diversification

The correlation between Nuveen Oregon Intermediate and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Oregon Intermediate and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Oregon Intermediate. 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 persons.

Moving together with Nuveen Mutual Fund

  0.92EMGRX Nuveen Small CapPairCorr
  0.71FREAX Nuveen Real EstatePairCorr
  0.69FREGX Nuveen Real EstatePairCorr
  0.92NPSAX Nuveen Preferred SecPairCorr
  0.92NPSFX Nuveen Preferred SecPairCorr
  0.92NPSCX Nuveen Preferred SecPairCorr
  0.91NPSRX Nuveen Preferred SecPairCorr
  0.84FRKSX Nuveen Kansas MunicipalPairCorr
  0.92FRMPX Nuveen Small CapPairCorr
  0.7FRLCX Nuveen Real EstatePairCorr
  0.92FRSLX Nuveen Mid CapPairCorr
  0.68FAARX Nuveen All AmericanPairCorr
  0.92NQCCX Nuveen Nwq LargePairCorr
  0.92NQCAX Nuveen Nwq LargePairCorr
  0.67FAAWX Nuveen All AmericanPairCorr
  0.92FACSX Nuveen Mid CapPairCorr
  0.73FACCX Nuveen All AmericanPairCorr
  0.92NQCRX Nuveen Nwq LargePairCorr
  0.73FAFPX Nuveen Missouri MunicipalPairCorr
  0.87FAFOX Nuveen Kansas MunicipalPairCorr
  0.91NQGCX Nuveen Nwq GlobalPairCorr
  0.91NQGAX Nuveen Nwq GlobalPairCorr
  0.96FAFJX Nuveen Limited TermPairCorr
  0.91NQGIX Nuveen Nwq GlobalPairCorr
  0.99FAMAX Nuveen Minnesota IntPairCorr
  0.95FAMTX Nuveen Minnesota IntPairCorr
  0.91FSCCX First American InvestmentPairCorr
  0.91FSCVX Nuveen Small CapPairCorr
  0.91FSCWX Nuveen Small CapPairCorr
  0.91FSCAX Nuveen Small CapPairCorr
  0.92FSEIX Nuveen Mid CapPairCorr
  0.92FAQIX Nuveen Dividend ValuePairCorr
  0.72FARCX Nuveen Real EstatePairCorr
  0.93FASEX Nuveen Mid CapPairCorr
  0.91FSHAX Nuveen Short TermPairCorr
  0.86FSFRX 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 Oregon 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 Oregon'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  0.28  0.11 (1.28) 0.80 
(0.94)
 2.16 
(1.72)
 6.46 
FREAX  0.59  0.08 (0.07)(0.52) 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  0.07 (0.53)(3.42) 0.00 
(0.18)
 0.33 
(0.13)
 0.79 
NPSFX  0.13  0.08 (0.44)(4.64) 0.00 
(0.18)
 0.39 
(0.13)
 0.83 
NPSCX  0.13  0.07 (0.47)(3.32) 0.00 
(0.18)
 0.39 
(0.13)
 0.83 
NPSRX  0.12  0.06 (0.56) 0.87  0.00 
(0.17)
 0.39 
(0.13)
 0.83 
FRKSX  0.15 (0.01)(0.55)(0.01) 0.14 
(0.23)
 0.31 
(0.31)
 0.93 
FRMPX  0.87  0.33  0.16 (1.62) 0.69 
(1.04)
 2.27 
(1.36)
 5.61 
FRLCX  0.60  0.08 (0.07)(0.52) 0.88 
(0.62)
 1.52 
(1.31)
 4.39 

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