Nuveen Nwq Correlations

Mutual Funds . USA . 
Fund . Nuveen Nwq Large Cap
NQCRX Fund  USD 5.43  0.04  0.74%   
The current 90-days correlation between Nuveen Nwq Large and Nuveen Small Cap is 0.91 (i.e., Almost no diversification). The correlation of Nuveen Nwq 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 Nwq Correlation With Market

Good diversification

The correlation between Nuveen Nwq Large Cap 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 Nwq Large Cap 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 Nwq Large Cap. 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

  0.99EMGRX Nuveen Small CapPairCorr
  0.69FREAX 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
  0.74FRKSX Nuveen Kansas MunicipalPairCorr
  0.99FRMPX Nuveen Small CapPairCorr
  0.67FRLCX Nuveen Real EstatePairCorr
  0.98FRSLX Nuveen Mid CapPairCorr
  0.99NQCCX Nuveen Nwq LargePairCorr
  1.0NQCAX Nuveen Nwq LargePairCorr
  0.97FACSX Nuveen Mid CapPairCorr
  0.71FAFOX Nuveen Kansas MunicipalPairCorr
  0.98NQGCX Nuveen Nwq GlobalPairCorr
  0.98NQGAX Nuveen Nwq GlobalPairCorr
  0.96FAFJX Nuveen Limited TermPairCorr
  0.97NQGIX Nuveen Nwq GlobalPairCorr
  0.92FAMAX Nuveen Minnesota IntPairCorr
  0.91FAMTX Nuveen Minnesota IntPairCorr
  0.96FSCCX First American InvestmentPairCorr
  0.98FSCVX Nuveen Small CapPairCorr
  0.96FSCWX Nuveen Small CapPairCorr
  0.98FSCAX Nuveen Small CapPairCorr
  0.97FSEIX Nuveen Mid CapPairCorr
  0.98FAQIX Nuveen Dividend ValuePairCorr
  0.69FARCX Nuveen Real EstatePairCorr
  0.97FASEX Nuveen Mid CapPairCorr
  0.96FSHAX Nuveen Short TermPairCorr
  0.93FSFRX 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 Nwq 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 Nwq'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  0.31  0.13 (1.33) 0.80 
(0.95)
 2.16 
(1.72)
 6.46 
FREAX  0.61  0.10 (0.04)(0.64) 0.85 
(0.64)
 1.77 
(1.31)
 4.47 
FREGX  0.59 (0.01)(0.07) 0.12  0.88 
(0.59)
 1.46 
(1.26)
 4.46 
NPSAX  0.13  0.08 (0.45)(3.20) 0.00 
(0.19)
 0.40 
(0.13)
 0.79 
NPSFX  0.13  0.08 (0.37)(4.09) 0.00 
(0.19)
 0.46 
(0.13)
 0.83 
NPSCX  0.13  0.08 (0.40)(3.07) 0.00 
(0.19)
 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  0.86  0.35  0.19 (1.67) 0.66 
(1.04)
 2.27 
(1.36)
 5.61 
FRLCX  0.62  0.10 (0.05)(0.63) 0.85 
(0.66)
 1.75 
(1.31)
 4.39 

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