Nuveen Small Correlations

Mutual Funds USA . 
Fund . Nuveen Small Cap
FSCAX Fund  USD 32.39  0.02  0.06%   
The current 90-days correlation between Nuveen Small Cap and Nuveen Mid Cap is 0.75 (i.e., Poor diversification). The correlation of Nuveen Small 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 Small Correlation With Market

Very weak diversification

The correlation between Nuveen Small Cap and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Small Cap 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 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 nation.

Moving together with Nuveen Mutual Fund

  0.98EMGRX Nuveen Small CapPairCorr
  0.91FREAX Nuveen Real EstatePairCorr
  0.91FREGX Nuveen Real EstatePairCorr
  0.71FRKSX Nuveen Kansas MunicipalPairCorr
  0.82FRMPX Nuveen Small CapPairCorr
  0.9FRLCX Nuveen Real EstatePairCorr
  0.77FRSLX Nuveen Mid CapPairCorr
  0.7FAARX Nuveen All AmericanPairCorr
  0.94NQCCX Nuveen Nwq LargePairCorr
  0.94NQCAX Nuveen Nwq LargePairCorr
  0.7FAAWX Nuveen All AmericanPairCorr
  0.95FACSX Nuveen Mid CapPairCorr
  0.76FACCX Nuveen All AmericanPairCorr
  0.94NQCRX Nuveen Nwq LargePairCorr
  0.76FAFPX Nuveen Missouri MunicipalPairCorr
  0.77FAFOX Nuveen Kansas MunicipalPairCorr
  0.79FAFNX Nuveen Michigan MunicipalPairCorr
  0.78FAFMX Nuveen Ohio MunicipalPairCorr
  0.77FAFLX Nuveen Louisiana MunPairCorr
  0.76FAFKX Nuveen Orado MunicipalPairCorr
  0.61FAFJX Nuveen Limited TermPairCorr
  0.62FAMAX Nuveen Minnesota IntPairCorr
  0.68FAMTX Nuveen Minnesota IntPairCorr
  1.0FSCCX First American InvestmentPairCorr
  1.0FSCVX Nuveen Small CapPairCorr
  1.0FSCWX Nuveen Small CapPairCorr
  0.95FSEIX Nuveen Mid CapPairCorr
  0.9FAQIX Nuveen Dividend ValuePairCorr
  0.91FARCX Nuveen Real EstatePairCorr
  0.95FASEX 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 Small 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 Small'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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