Nuveen Nwq Correlations

Mutual Funds . USA . 
Fund . Nuveen Nwq Small Cap
NSCRX Fund  USD 50.44  0.25  0.49%   
The current 90-days correlation between Nuveen Nwq Small and Nuveen Small Cap is -0.19 (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 Small Cap and DJI is 0.85 (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 Small 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 Small 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

  0.95EMGRX Nuveen Small CapPairCorr
  0.68FREAX Nuveen Real EstatePairCorr
  0.9NPSAX Nuveen Preferred SecPairCorr
  0.9NPSFX Nuveen Preferred SecPairCorr
  0.91NPSCX Nuveen Preferred SecPairCorr
  0.75FRKSX Nuveen Kansas MunicipalPairCorr
  0.93FRMPX Nuveen Small CapPairCorr
  0.93FRSLX Nuveen Mid CapPairCorr
  0.93NQCAX Nuveen Nwq LargePairCorr
  0.98FACSX Nuveen Mid CapPairCorr
  0.72FAFOX Nuveen Kansas MunicipalPairCorr
  0.89FAFJX Nuveen Limited TermPairCorr
  0.95NQGIX Nuveen Nwq GlobalPairCorr
  0.89FAMTX Nuveen Minnesota IntPairCorr
  0.94FSCAX Nuveen Small CapPairCorr
  0.69FARCX Nuveen Real EstatePairCorr
  0.95FASEX Nuveen Mid CapPairCorr
  0.87FSHAX Nuveen Short TermPairCorr
  0.84FSFRX Nuveen Strategic IncomePairCorr
  0.93NQVAX Nuveen Nwq MultiPairCorr
  0.91NAFOX Nuveen Oregon IntermPairCorr
  0.93NSBAX Nuveen Santa BarbaraPairCorr
  0.85FCBCX Nuveen Strategic IncomePairCorr
  0.85FCDDX Nuveen Strategic IncomePairCorr
  1.0NSCCX Nuveen Nwq SmallPairCorr
  0.71NSIOX Nuveen Strategic MunPairCorr
  0.95NSMAX Nuveen Nwq SmallmidPairCorr
  0.99NSMCX Nuveen Nwq SmallmidPairCorr
  0.95ARSTX Nuveen Small CapPairCorr
  0.92NCIGX Nuveen Nwq InternationalPairCorr
  0.92NCOIX Nuveen Symphony CreditPairCorr
  0.93NUGCX Nuveen Santa BarbaraPairCorr
  0.88NUICX Nuveen Santa BarbaraPairCorr
  0.94FFEIX Nuveen Dividend ValuePairCorr

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.

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