Nuveen Nwq Correlations

NQGIX Fund

USD 40.11 0.60 1.52%

The current 90-days correlation between Nuveen Nwq Global and Nt International Small Mid is -0.09 (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

Poor diversification

The correlation between Nuveen Nwq Global and DJI is 0.6 (i.e., 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 gross domestic product.

Moving together with Nuveen Mutual Fund

0.85	TEDRX	Franklin Mutual Global	Pair Corr
0.86	FMDRX	Franklin Mutual Global	Pair Corr
0.85	DOXWX	Dodge Cox Global	Pair Corr
0.85	TRZRX	T Rowe Price	Pair Corr
0.86	MDISX	Franklin Mutual Global	Pair Corr
0.85	TEDSX	Franklin Mutual Global	Pair Corr
0.86	BEGRX	Franklin Mutual Beacon	Pair Corr
0.81	FSMMX	Fs Multi Strategy	Pair Corr
0.83	BTMPX	Ishares Msci Eafe	Pair Corr
0.84	BTMKX	Blackrock International	Pair Corr
0.84	MDIIX	Blackrock Intern Index	Pair Corr
0.86	FFFCX	Fidelity Freedom 2010	Pair Corr
0.86	CSRYX	Columbia Select Large	Pair Corr
0.85	FISVX	Fidelity Small Cap	Pair Corr
0.81	FDEGX	Fidelity Growth Stra	Pair Corr
0.81	PSHAX	Short Term Fund	Pair Corr
0.84	DCEMX	Dunham Emerging Markets	Pair Corr
0.84	SPSDX	Sterling Capital Beh	Pair Corr
0.81	RIVKX	American Funds Inter	Pair Corr

Moving against Nuveen Mutual Fund

0.49	MCD	McDonalds	Pair Corr
0.41	TRV	The Travelers Companies	Pair Corr
0.34	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	ANTMX	HIISX	QSMRX	VSTCX	QSERX	HRSCX
ANTMX		0.98	0.95	0.94	0.96	0.95	ANTMX
HIISX	0.98		0.97	0.95	0.96	0.94	HIISX
QSMRX	0.95	0.97		0.99	0.97	0.96	QSMRX
VSTCX	0.94	0.95	0.99		0.97	0.96	VSTCX
QSERX	0.96	0.96	0.97	0.97		0.99	QSERX
HRSCX	0.95	0.94	0.96	0.96	0.99		HRSCX
	ANTMX	HIISX	QSMRX	VSTCX	QSERX	HRSCX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ANTMX	0.54	0.28	0.08	(6.50)	0.12	(0.69)	1.42	(0.90)	3.46
HIISX	0.53	0.18	0.06	0.80	0.00	(0.64)	1.43	(0.94)	2.84
QSMRX	0.98	0.07	0.10	0.26	0.74	(1.16)	2.57	(1.68)	5.68
VSTCX	0.89	0.05	0.09	0.25	0.80	(1.05)	2.35	(1.96)	6.40
QSERX	0.87	0.32	0.06	(1.23)	0.80	(0.96)	2.66	(2.03)	5.30
HRSCX	0.88	0.35	0.07	(0.96)	0.78	(1.07)	2.45	(1.59)	6.38

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