Nuveen Nwq Correlations

NQCAX Fund

USD 5.01 0.07 1.42%

The current 90-days correlation between Nuveen Nwq Large and Aqr Global Macro is -0.24 (i.e., Very good diversification). The correlation of Nuveen Nwq 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 Nwq Large 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

0.63	EMGRX	Nuveen Small Cap	Pair Corr
0.61	FRSLX	Nuveen Mid Cap	Pair Corr
1.0	NQCCX	Nuveen Nwq Large	Pair Corr
0.77	FACSX	Nuveen Mid Cap	Pair Corr
0.92	NQCRX	Nuveen Nwq Large	Pair Corr
0.75	FSCCX	First American Investment	Pair Corr
0.67	FSCVX	Nuveen Small Cap	Pair Corr
0.75	FSCWX	Nuveen Small Cap	Pair Corr
0.75	FSCAX	Nuveen Small Cap	Pair Corr
0.81	FSEIX	Nuveen Mid Cap	Pair Corr
0.87	FAQIX	Nuveen Dividend Value	Pair Corr
0.81	FASEX	Nuveen Mid Cap	Pair Corr

Related Correlations Analysis

	QGMIX	DBLGX	AQGNX	DODWX	BXFIX	MFIRX	MSTGX
QGMIX		0.82	0.56	0.77	0.33	0.88	0.69	QGMIX
DBLGX	0.82		0.53	0.75	0.51	0.86	0.9	DBLGX
AQGNX	0.56	0.53		0.91	0.46	0.75	0.62	AQGNX
DODWX	0.77	0.75	0.91		0.48	0.89	0.75	DODWX
BXFIX	0.33	0.51	0.46	0.48		0.55	0.71	BXFIX
MFIRX	0.88	0.86	0.75	0.89	0.55		0.83	MFIRX
MSTGX	0.69	0.9	0.62	0.75	0.71	0.83		MSTGX
	QGMIX	DBLGX	AQGNX	DODWX	BXFIX	MFIRX	MSTGX

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Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Nwq 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 Nwq'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QGMIX	0.38	0.13	0.34	(2.95)	0.15	(0.47)	0.83	(0.63)	2.42
DBLGX	0.22	0.01	0.14	0.15	0.21	(0.30)	0.48	(0.36)	1.21
AQGNX	0.81	0.09	0.13	(0.70)	0.88	(0.91)	1.55	(1.53)	5.59
DODWX	0.60	0.11	0.18	2.14	0.64	(0.64)	1.28	(1.09)	4.15
BXFIX	0.08	(0.01)	0.21	0.27	0.06	(0.28)	0.23	(0.12)	0.93
MFIRX	0.11	0.02	0.19	1.13	0.00	(0.21)	0.19	(0.19)	0.77
MSTGX	0.31	0.04	0.17	(0.71)	0.34	(0.34)	0.74	(0.62)	1.58

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Nuveen Nwq Correlations

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Related Correlations Analysis

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