Nuveen Global Correlations

Mutual Funds . USA . 
Fund . Nuveen Global Infrastructure
FGIWX Fund  USD 11.33  0.08  0.70%   
The current 90-days correlation between Nuveen Global Infras and Aqr Large Cap is 0.68 (i.e., Poor diversification). The correlation of Nuveen Global 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 Global Correlation With Market

Weak diversification

The correlation between Nuveen Global Infrastructure and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Global Infrastructure 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 Global Infrastructure. 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 housing.

Moving together with Nuveen Mutual Fund

  0.92FREAX Nuveen Real EstatePairCorr
  0.94FREGX Nuveen Real EstatePairCorr
  0.93FRLCX Nuveen Real EstatePairCorr
  0.85NQCCX Nuveen Nwq LargePairCorr
  0.85NQCAX Nuveen Nwq LargePairCorr
  0.89FACSX Nuveen Mid CapPairCorr
  0.84NQCRX Nuveen Nwq LargePairCorr
  0.64FAFNX Nuveen Michigan MunicipalPairCorr
  0.76NQGCX Nuveen Nwq GlobalPairCorr
  0.64FAFMX Nuveen Ohio MunicipalPairCorr
  0.63FAFLX Nuveen Louisiana MunPairCorr
  0.76NQGAX Nuveen Nwq GlobalPairCorr
  0.75NQGIX Nuveen Nwq GlobalPairCorr
  0.89FSEIX Nuveen Mid CapPairCorr
  0.93FAQIX Nuveen Dividend ValuePairCorr
  0.94FARCX Nuveen Real EstatePairCorr
  0.89FASEX Nuveen Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Global 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 Global'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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