Nuveen Georgia Correlations

Mutual Funds . USA . 
Fund . Nuveen Georgia Municipal
FGCCX Fund  USD 9.72  0.02  0.21%   
The current 90-days correlation between Nuveen Georgia Municipal and Amg River Road is -0.08 (i.e., Good diversification). The correlation of Nuveen Georgia 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 Georgia Correlation With Market

Average diversification

The correlation between Nuveen Georgia Municipal and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Georgia 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 Georgia 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 main economic indicators.

Moving together with Nuveen Mutual Fund

  0.67NPSAX Nuveen Preferred SecPairCorr
  0.67NPSFX Nuveen Preferred SecPairCorr
  0.64NPSCX Nuveen Preferred SecPairCorr
  0.69NPSRX Nuveen Preferred SecPairCorr
  0.85FRKSX Nuveen Kansas MunicipalPairCorr
  0.99FAARX Nuveen All AmericanPairCorr
  0.84FAAWX Nuveen All AmericanPairCorr
  0.84FACCX Nuveen All AmericanPairCorr
  0.83FAFPX Nuveen Missouri MunicipalPairCorr
  0.84FAFOX Nuveen Kansas MunicipalPairCorr
  0.79FAFNX Nuveen Michigan MunicipalPairCorr
  0.8FAFMX Nuveen Ohio MunicipalPairCorr
  0.82FAFLX Nuveen Louisiana MunPairCorr
  0.83FAFKX Nuveen Orado MunicipalPairCorr
  0.87FAMAX Nuveen Minnesota IntPairCorr
  0.84FAMTX Nuveen Minnesota IntPairCorr
  0.85FSHAX Nuveen Short TermPairCorr
  0.72FSFRX 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 Georgia 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 Georgia'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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