Nuveen Nwq Correlations

Mutual Funds . USA . 
Fund . Nuveen Nwq Multi Cap
NQVAX Fund  USD 58.20  0.06  0.10%   
The current 90-days correlation between Nuveen Nwq Multi and Applied Finance Explorer is -0.13 (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 Multi Cap and DJI is 0.84 (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 Multi 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 Multi 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 nation.

Moving together with Nuveen Mutual Fund

  0.64EMGRX Nuveen Small CapPairCorr
  0.62NPSAX Nuveen Preferred SecPairCorr
  0.62NPSFX Nuveen Preferred SecPairCorr
  0.97NPSCX Nuveen Preferred SecPairCorr
  0.86NPSRX Nuveen Preferred SecPairCorr
  0.98FRMPX Nuveen Small CapPairCorr
  0.97FRSLX Nuveen Mid CapPairCorr
  0.67NQCCX Nuveen Nwq LargePairCorr
  1.0NQCAX Nuveen Nwq LargePairCorr
  0.99FACSX Nuveen Mid CapPairCorr
  1.0NQCRX Nuveen Nwq LargePairCorr
  0.94FAFJX Nuveen Limited TermPairCorr
  0.97NQGIX Nuveen Nwq GlobalPairCorr
  0.91FAMAX Nuveen Minnesota IntPairCorr
  0.75FAMTX Nuveen Minnesota IntPairCorr
  0.98FSCCX First American InvestmentPairCorr
  0.63FSCVX Nuveen Small CapPairCorr
  0.83FSCWX Nuveen Small CapPairCorr
  0.98FSCAX Nuveen Small CapPairCorr
  0.82FSEIX Nuveen Mid CapPairCorr
  0.83FAQIX Nuveen Dividend ValuePairCorr
  0.64FASEX Nuveen Mid CapPairCorr
  0.68FSHAX Nuveen Short TermPairCorr
  0.91FSFRX 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 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.

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