Nuveen Strategic Correlations

Mutual Funds . USA . 
Fund . Nuveen Strategic Income
FSFRX Fund  USD 9.90  0.01  0.10%   
The current 90-days correlation between Nuveen Strategic Income and Artisan High Income is 0.09 (i.e., Significant diversification). The correlation of Nuveen Strategic 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 Strategic Correlation With Market

Average diversification

The correlation between Nuveen Strategic Income and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Strategic Income 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 Strategic Income. 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 metropolitan statistical area.

Moving together with Nuveen Mutual Fund

  0.68FREGX Nuveen Real EstatePairCorr
  0.78NPSAX Nuveen Preferred SecPairCorr
  0.98NPSFX Nuveen Preferred SecPairCorr
  0.97NPSCX Nuveen Preferred SecPairCorr
  0.79NPSRX Nuveen Preferred SecPairCorr
  0.81FRKSX Nuveen Kansas MunicipalPairCorr
  0.65FRLCX Nuveen Real EstatePairCorr
  0.79FAARX Nuveen All AmericanPairCorr
  0.79FAAWX Nuveen All AmericanPairCorr
  0.74FACCX Nuveen All AmericanPairCorr
  0.74FAFOX Nuveen Kansas MunicipalPairCorr
  0.79NQGCX Nuveen Nwq GlobalPairCorr
  0.62FAFMX Nuveen Ohio MunicipalPairCorr
  0.77FAFLX Nuveen Louisiana MunPairCorr
  0.8NQGAX Nuveen Nwq GlobalPairCorr
  0.93FAFJX Nuveen Limited TermPairCorr
  0.84NQGIX Nuveen Nwq GlobalPairCorr
  0.83FAMAX Nuveen Minnesota IntPairCorr
  0.89FAMTX Nuveen Minnesota IntPairCorr
  0.71FSHAX Nuveen Short TermPairCorr

Moving against Nuveen Mutual Fund

  0.67EMGRX Nuveen Small CapPairCorr
  0.65FRMPX Nuveen Small CapPairCorr
  0.6FRSLX Nuveen Mid CapPairCorr
  0.48FACSX Nuveen Mid CapPairCorr
  0.55FSCVX Nuveen Small CapPairCorr
  0.55FSCAX Nuveen Small CapPairCorr
  0.54FSCCX First American InvestmentPairCorr
  0.54FSCWX Nuveen Small CapPairCorr
  0.48FASEX Nuveen Mid CapPairCorr
  0.47FSEIX 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 Strategic 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 Strategic'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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