Nuveen Small Correlations

FSCVX Fund

USD 24.83 0.23 0.92%

The current 90-days correlation between Nuveen Small Cap and Nuveen Small Cap is 1.0 (i.e., No risk reduction). 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

Good diversification

The correlation between Nuveen Small Cap and DJI is -0.04 (i.e., Good 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 real.

Moving together with Nuveen Mutual Fund

0.99	VSIIX	Vanguard Small Cap	Pair Corr
0.77	VISVX	Vanguard Small Cap	Pair Corr
0.98	DFSVX	Us Small Cap	Pair Corr
0.99	DFFVX	Us Targeted Value	Pair Corr
0.98	UBVCX	Undiscovered Managers	Pair Corr
0.98	UBVAX	Undiscovered Managers	Pair Corr
0.98	UBVSX	Undiscovered Managers	Pair Corr
0.99	AVFIX	American Beacon Small	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.76	JPM	JPMorgan Chase	Pair Corr
0.67	BA	Boeing	Pair Corr
0.87	AXP	American Express	Pair Corr
0.83	BAC	Bank of America	Pair Corr

Moving against Nuveen Mutual Fund

0.37	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.61	VZ	Verizon Communications	Pair Corr
0.47	PG	Procter Gamble	Pair Corr
0.44	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	FSCAX	FSCWX	FSCCX	FACSX	TARKX
FSCAX		1.0	1.0	0.98	0.93	FSCAX
FSCWX	1.0		1.0	0.98	0.93	FSCWX
FSCCX	1.0	1.0		0.98	0.93	FSCCX
FACSX	0.98	0.98	0.98		0.93	FACSX
TARKX	0.93	0.93	0.93	0.93		TARKX
	FSCAX	FSCWX	FSCCX	FACSX	TARKX

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 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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FSCAX	0.79	(0.10)	2.13	1.32	(1.88)	4.18
FSCWX	0.79	(0.09)	2.04	1.33	(1.89)	4.16
FSCCX	0.79	(0.09)	2.10	1.34	(1.87)	4.16
FACSX	0.74	(0.06)	(16.55)	1.33	(1.63)	3.44
TARKX	1.26	(0.10)	21.87	2.17	(3.10)	8.08

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC