Nuveen Preferred Correlations

Mutual Funds . USA . 
Fund . Nuveen Preferred Securities
NPSFX Fund  USD 15.81  0.01  0.06%   
The current 90-days correlation between Nuveen Preferred Sec and Pimco Mortgage Opportunities is -0.11 (i.e., Good diversification). The correlation of Nuveen Preferred 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 Preferred Correlation With Market

Good diversification

The correlation between Nuveen Preferred Securities and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Preferred Securities 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 Preferred Securities. 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 census.

Moving together with Nuveen Mutual Fund

  0.96EMGRX Nuveen Small CapPairCorr
  0.71FREAX Nuveen Real EstatePairCorr
  0.69FREGX Nuveen Real EstatePairCorr
  1.0NPSAX Nuveen Preferred SecPairCorr
  1.0NPSCX Nuveen Preferred SecPairCorr
  0.99NPSRX Nuveen Preferred SecPairCorr
  0.74FRKSX Nuveen Kansas MunicipalPairCorr
  0.98FRMPX Nuveen Small CapPairCorr
  0.69FRLCX Nuveen Real EstatePairCorr
  0.97FRSLX Nuveen Mid CapPairCorr
  0.98NQCCX Nuveen Nwq LargePairCorr
  0.98NQCAX Nuveen Nwq LargePairCorr
  0.95FACSX Nuveen Mid CapPairCorr
  0.61FACCX Nuveen All AmericanPairCorr
  0.98NQCRX Nuveen Nwq LargePairCorr
  0.71FAFOX Nuveen Kansas MunicipalPairCorr
  0.98NQGCX Nuveen Nwq GlobalPairCorr
  0.98NQGAX Nuveen Nwq GlobalPairCorr
  0.98FAFJX Nuveen Limited TermPairCorr
  0.97NQGIX Nuveen Nwq GlobalPairCorr
  0.93FAMAX Nuveen Minnesota IntPairCorr
  0.91FAMTX Nuveen Minnesota IntPairCorr
  0.94FSCCX First American InvestmentPairCorr
  0.94FSCVX Nuveen Small CapPairCorr
  0.94FSCWX Nuveen Small CapPairCorr
  0.94FSCAX Nuveen Small CapPairCorr
  0.96FSEIX Nuveen Mid CapPairCorr
  0.97FAQIX Nuveen Dividend ValuePairCorr
  0.71FARCX Nuveen Real EstatePairCorr
  0.96FASEX Nuveen Mid CapPairCorr
  0.99FSHAX Nuveen Short TermPairCorr
  0.96FSFRX Nuveen Strategic IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Preferred 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 Preferred'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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