Nuveen Symphony Correlations

Mutual Funds . USA . 
Fund . Nuveen Symphony Floating
NFRIX Fund  USD 18.08  0.01  0.06%   
The current 90-days correlation between Nuveen Symphony Floating and Nuveen Symphony Credit is 0.81 (i.e., Very poor diversification). The correlation of Nuveen Symphony 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 Symphony Correlation With Market

Weak diversification

The correlation between Nuveen Symphony Floating and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Symphony Floating 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 Symphony Floating. 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 gross domestic product.

Moving together with Nuveen Mutual Fund

  0.97EMGRX Nuveen Small CapPairCorr
  0.7FREAX Nuveen Real EstatePairCorr
  0.72FREGX Nuveen Real EstatePairCorr
  0.98NPSAX Nuveen Preferred SecPairCorr
  0.99NPSFX Nuveen Preferred SecPairCorr
  0.98NPSCX Nuveen Preferred SecPairCorr
  0.99NPSRX Nuveen Preferred SecPairCorr
  0.75FRKSX Nuveen Kansas MunicipalPairCorr
  0.98FRMPX Nuveen Small CapPairCorr
  0.68FRLCX Nuveen Real EstatePairCorr
  0.98FRSLX Nuveen Mid CapPairCorr
  0.98NQCCX Nuveen Nwq LargePairCorr
  0.98NQCAX Nuveen Nwq LargePairCorr
  0.97FACSX Nuveen Mid CapPairCorr
  0.98NQCRX Nuveen Nwq LargePairCorr
  0.64FAFOX Nuveen Kansas MunicipalPairCorr
  0.98NQGCX Nuveen Nwq GlobalPairCorr
  0.98NQGAX Nuveen Nwq GlobalPairCorr
  0.96FAFJX Nuveen Limited TermPairCorr
  0.98NQGIX Nuveen Nwq GlobalPairCorr
  0.93FAMAX Nuveen Minnesota IntPairCorr
  0.92FAMTX Nuveen Minnesota IntPairCorr
  0.95FSCCX First American InvestmentPairCorr
  0.94FSCVX Nuveen Small CapPairCorr
  0.95FSCWX Nuveen Small CapPairCorr
  0.95FSCAX Nuveen Small CapPairCorr
  0.97FSEIX Nuveen Mid CapPairCorr
  0.97FAQIX Nuveen Dividend ValuePairCorr
  0.71FARCX Nuveen Real EstatePairCorr
  0.97FASEX Nuveen Mid CapPairCorr
  0.98FSHAX Nuveen Short TermPairCorr
  0.94FSFRX Nuveen Strategic IncomePairCorr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY