Nuveen Nwq Correlations

Mutual Funds . USA . 
Fund . Nuveen Nwq Global
NQGCX Fund  USD 39.08  0.03  0.08%   
The current 90-days correlation between Nuveen Nwq Global and Nuveen Small Cap is -0.03 (i.e., Good 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

Very poor diversification

The correlation between Nuveen Nwq Global and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Nwq Global 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 Global. 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 main economic indicators.

Moving together with Nuveen Mutual Fund

  0.62NPSAX Nuveen Preferred SecPairCorr
  0.7NPSFX Nuveen Preferred SecPairCorr
  0.61NPSCX Nuveen Preferred SecPairCorr
  0.61NPSRX Nuveen Preferred SecPairCorr
  0.67FRKSX Nuveen Kansas MunicipalPairCorr
  0.99FRSLX Nuveen Mid CapPairCorr
  0.98NQCCX Nuveen Nwq LargePairCorr
  0.98NQCAX Nuveen Nwq LargePairCorr
  0.98NQCRX Nuveen Nwq LargePairCorr
  0.66FAFOX Nuveen Kansas MunicipalPairCorr
  1.0NQGAX Nuveen Nwq GlobalPairCorr
  0.96FAFJX Nuveen Limited TermPairCorr
  1.0NQGIX Nuveen Nwq GlobalPairCorr
  0.92FAMAX Nuveen Minnesota IntPairCorr
  0.9FAMTX Nuveen Minnesota IntPairCorr
  0.95FSCCX First American InvestmentPairCorr
  0.95FSCVX Nuveen Small CapPairCorr
  0.95FSCWX Nuveen Small CapPairCorr
  0.98FSEIX Nuveen Mid CapPairCorr
  0.98FAQIX Nuveen Dividend ValuePairCorr
  0.98FASEX Nuveen Mid CapPairCorr
  0.7FSHAX 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  0.79  0.27  0.13  66.08  0.66 
(0.92)
 2.07 
(1.34)
 6.46 
FREAX  0.56  0.09 (0.06)(0.36) 0.80 
(0.60)
 1.32 
(1.11)
 4.44 
FREGX  0.55  0.06 (0.09)(0.36) 0.86 
(0.55)
 1.21 
(1.13)
 4.41 
NPSAX  0.12  0.06 (0.55) 1.45  0.00 
(0.18)
 0.33 
(0.13)
 0.79 
NPSFX  0.12  0.07 (0.45) 1.88  0.00 
(0.18)
 0.39 
(0.13)
 0.83 
NPSCX  0.12  0.06 (0.49) 1.92  0.00 
(0.18)
 0.39 
(0.13)
 0.83 
NPSRX  0.12  0.06 (0.54) 1.65  0.00 
(0.17)
 0.39 
(0.13)
 0.83 
FRKSX  0.13  0.00 (0.62) 0.07  0.04 
(0.23)
 0.31 
(0.21)
 0.93 
FRMPX  0.80  0.33  0.23  7.67  0.42 
(1.00)
 2.02 
(1.31)
 5.61 
FRLCX  0.55  0.05 (0.10)(0.34) 0.84 
(0.56)
 1.24 
(1.16)
 4.39 

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