Nuveen Nwq Correlations

NQCRX Fund

USD 5.06 0.07 1.40%

The current 90-days correlation between Nuveen Nwq Large and Tax Managed International Equity is -0.08 (i.e., 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.

Nuveen Nwq Correlation With Market

Poor diversification

The correlation between Nuveen Nwq Large Cap and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Nwq Large Cap and DJI in the same portfolio, assuming nothing else is changed.

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 metropolitan statistical area.

Moving together with Nuveen Mutual Fund

0.62	EMGRX	Nuveen Small Cap	Pair Corr
0.92	NQCCX	Nuveen Nwq Large	Pair Corr
0.92	NQCAX	Nuveen Nwq Large	Pair Corr
0.8	FACSX	Nuveen Mid Cap	Pair Corr
0.66	FSCCX	First American Investment	Pair Corr
0.65	FSCVX	Nuveen Small Cap	Pair Corr
0.66	FSCWX	Nuveen Small Cap	Pair Corr
0.66	FSCAX	Nuveen Small Cap	Pair Corr
0.72	FSEIX	Nuveen Mid Cap	Pair Corr
0.94	FAQIX	Nuveen Dividend Value	Pair Corr
0.71	FASEX	Nuveen Mid Cap	Pair Corr

Related Correlations Analysis

	RTIUX	DDCFX	OWFIX	TOIIX	PAEIX	QLENX	SPRDX
RTIUX		0.67	0.82	0.74	0.79	0.69	0.8	RTIUX
DDCFX	0.67		0.73	0.87	0.83	0.78	0.91	DDCFX
OWFIX	0.82	0.73		0.64	0.68	0.59	0.73	OWFIX
TOIIX	0.74	0.87	0.64		0.97	0.91	0.89	TOIIX
PAEIX	0.79	0.83	0.68	0.97		0.94	0.89	PAEIX
QLENX	0.69	0.78	0.59	0.91	0.94		0.8	QLENX
SPRDX	0.8	0.91	0.73	0.89	0.89	0.8		SPRDX
	RTIUX	DDCFX	OWFIX	TOIIX	PAEIX	QLENX	SPRDX

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 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
RTIUX	0.61	0.07	0.12	(0.48)	0.76	(0.66)	1.47	(1.45)	5.02
DDCFX	0.20	0.04	0.31	0.95	0.00	(0.29)	0.54	(0.32)	1.22
OWFIX	0.18	0.00	0.12	(0.07)	0.22	(0.22)	0.40	(0.40)	1.39
TOIIX	0.64	0.23	0.33	(3.35)	0.45	(0.75)	1.51	(0.99)	5.44
PAEIX	0.65	0.13	0.19	(6.34)	0.66	(0.74)	1.50	(1.22)	4.54
QLENX	0.42	0.13	0.29	(4.90)	0.35	(0.49)	0.81	(0.60)	3.11
SPRDX	0.63	0.11	0.15	0.19	0.71	(0.67)	1.35	(1.33)	4.63

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

Nuveen Nwq Correlations

Nuveen Nwq Correlation With Market

Poor diversification

Moving together with Nuveen Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY