Nuveen Preferred Correlations

Mutual Funds . USA . 
Fund . Nuveen Preferred Securities
NPSAX Fund  USD 15.67  0.02  0.13%   
The current 90-days correlation between Nuveen Preferred Sec and Gamco Global Gold is 0.27 (i.e., Modest diversification). The correlation of Nuveen Preferred 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Preferred Securities. 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

  1.0NPSFX Nuveen Preferred SecPairCorr
  0.99NPSCX Nuveen Preferred SecPairCorr
  0.89NPSRX Nuveen Preferred SecPairCorr
  0.64FRKSX Nuveen Kansas MunicipalPairCorr
  0.62FAARX Nuveen All AmericanPairCorr
  0.88NQGCX Nuveen Nwq GlobalPairCorr
  0.81NQGAX Nuveen Nwq GlobalPairCorr
  0.84FAFJX Nuveen Limited TermPairCorr
  0.81NQGIX Nuveen Nwq GlobalPairCorr
  0.67FAMAX Nuveen Minnesota IntPairCorr
  0.85FSFRX 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 Preferred 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 Preferred'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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