Nuveen Nwq Correlations

Mutual Funds . USA . 
Fund . Nuveen Nwq Flexible
NQWFX Fund  USD 19.14  0.02  0.10%   
The current 90-days correlation between Nuveen Nwq Flexible and Nuveen Small Cap is 0.72 (i.e., Poor 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 Flexible and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Nwq Flexible 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 Flexible. 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

  0.97EMGRX Nuveen Small CapPairCorr
  0.68FREAX Nuveen Real EstatePairCorr
  0.7FREGX Nuveen Real EstatePairCorr
  1.0NPSAX Nuveen Preferred SecPairCorr
  1.0NPSFX Nuveen Preferred SecPairCorr
  1.0NPSCX Nuveen Preferred SecPairCorr
  1.0NPSRX Nuveen Preferred SecPairCorr
  0.76FRKSX Nuveen Kansas MunicipalPairCorr
  0.98FRMPX Nuveen Small CapPairCorr
  0.66FRLCX Nuveen Real EstatePairCorr
  0.98FRSLX Nuveen Mid CapPairCorr
  0.99NQCCX Nuveen Nwq LargePairCorr
  0.99NQCAX Nuveen Nwq LargePairCorr
  0.97FACSX Nuveen Mid CapPairCorr
  0.99NQCRX Nuveen Nwq LargePairCorr
  0.65FAFOX Nuveen Kansas MunicipalPairCorr
  0.98NQGCX Nuveen Nwq GlobalPairCorr
  0.98NQGAX Nuveen Nwq GlobalPairCorr
  0.98FAFJX Nuveen Limited TermPairCorr
  0.98NQGIX Nuveen Nwq GlobalPairCorr
  0.94FAMAX Nuveen Minnesota IntPairCorr
  0.92FAMTX Nuveen Minnesota IntPairCorr
  0.95FSCCX First American InvestmentPairCorr
  0.95FSCVX Nuveen Small CapPairCorr
  0.95FSCWX Nuveen Small CapPairCorr
  0.95FSCAX Nuveen Small CapPairCorr
  0.97FSEIX Nuveen Mid CapPairCorr
  0.98FAQIX Nuveen Dividend ValuePairCorr
  0.69FARCX Nuveen Real EstatePairCorr
  0.97FASEX Nuveen Mid CapPairCorr
  0.98FSHAX Nuveen Short TermPairCorr
  0.97FSFRX 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  0.12  0.11  0.25  0.80 
(0.94)
 2.16 
(1.72)
 6.46 
FREAX  0.59 (0.01)(0.07) 0.12  0.88 
(0.60)
 1.52 
(1.31)
 4.44 
FREGX  0.59 (0.01)(0.07) 0.12  0.88 
(0.59)
 1.46 
(1.26)
 4.46 
NPSAX  0.12  0.06 (0.48) 0.97  0.00 
(0.18)
 0.33 
(0.13)
 0.79 
NPSFX  0.13  0.06 (0.41) 0.91  0.00 
(0.18)
 0.39 
(0.13)
 0.83 
NPSCX  0.13  0.06 (0.43) 0.84  0.00 
(0.18)
 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  0.87  0.17  0.17  0.30  0.69 
(1.04)
 2.27 
(1.36)
 5.61 
FRLCX  0.60 (0.01)(0.07) 0.11  0.88 
(0.62)
 1.52 
(1.31)
 4.39 

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