Nuveen Kansas Correlations

Mutual Funds . USA . 
Fund . Nuveen Kansas Municipal
FAFOX Fund  USD 9.86  0.03  0.30%   
The current 90-days correlation between Nuveen Kansas Municipal and Rbc Bluebay Global is 0.35 (i.e., Weak diversification). The correlation of Nuveen Kansas 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 Kansas Correlation With Market

Average diversification

The correlation between Nuveen Kansas Municipal and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Kansas Municipal and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Nuveen Kansas Municipal. 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 persons.

Moving together with Nuveen Mutual Fund

  0.76FREAX Nuveen Real EstatePairCorr
  0.79FREGX Nuveen Real EstatePairCorr
  0.78NPSAX Nuveen Preferred SecPairCorr
  0.76NPSFX Nuveen Preferred SecPairCorr
  0.79NPSCX Nuveen Preferred SecPairCorr
  0.75NPSRX Nuveen Preferred SecPairCorr
  0.99FRKSX Nuveen Kansas MunicipalPairCorr
  0.76FRLCX Nuveen Real EstatePairCorr
  0.98FAARX Nuveen All AmericanPairCorr
  0.98FAAWX Nuveen All AmericanPairCorr
  0.99FACCX Nuveen All AmericanPairCorr
  0.97FAFPX Nuveen Missouri MunicipalPairCorr
  0.92FAFNX Nuveen Michigan MunicipalPairCorr
  0.97FAFMX Nuveen Ohio MunicipalPairCorr
  0.99FAFLX Nuveen Louisiana MunPairCorr
  0.96FAFKX Nuveen Orado MunicipalPairCorr
  0.91FAFJX Nuveen Limited TermPairCorr
  0.88FAMAX Nuveen Minnesota IntPairCorr
  0.95FAMTX Nuveen Minnesota IntPairCorr
  0.75FARCX Nuveen Real EstatePairCorr
  0.74FSHAX Nuveen Short TermPairCorr
  0.74FSFRX 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 Kansas 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 Kansas' 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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