Nuveen Nwq Correlations

Mutual Funds . USA . 
Fund . Nuveen Nwq Global
NQGCX Fund  USD 34.12  0.51  1.47%   
The current 90-days correlation between Nuveen Nwq Global and Transamerica Capital Growth is 0.58 (i.e., Very weak 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

Modest diversification

The correlation between Nuveen Nwq Global and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Nwq Global 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 Global. 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 main economic indicators.

Moving together with Nuveen Mutual Fund

  0.63EMGRX Nuveen Small CapPairCorr
  0.73FREAX Nuveen Real EstatePairCorr
  0.73FREGX Nuveen Real EstatePairCorr
  0.7NPSAX Nuveen Preferred SecPairCorr
  0.69NPSFX Nuveen Preferred SecPairCorr
  0.73NPSCX Nuveen Preferred SecPairCorr
  0.64FRKSX Nuveen Kansas MunicipalPairCorr
  0.72FRLCX Nuveen Real EstatePairCorr
  0.67FAARX Nuveen All AmericanPairCorr
  0.76NQCCX Nuveen Nwq LargePairCorr
  0.76NQCAX Nuveen Nwq LargePairCorr
  0.67FAAWX Nuveen All AmericanPairCorr
  0.79FACSX Nuveen Mid CapPairCorr
  0.66FACCX Nuveen All AmericanPairCorr
  0.76NQCRX Nuveen Nwq LargePairCorr
  0.68FAFPX Nuveen Missouri MunicipalPairCorr
  0.68FAFOX Nuveen Kansas MunicipalPairCorr
  0.72FAFNX Nuveen Michigan MunicipalPairCorr
  0.72FAFMX Nuveen Ohio MunicipalPairCorr
  0.7FAFLX Nuveen Louisiana MunPairCorr
  0.65FAFKX Nuveen Orado MunicipalPairCorr
  1.0NQGAX Nuveen Nwq GlobalPairCorr
  0.66FAFJX Nuveen Limited TermPairCorr
  1.0NQGIX Nuveen Nwq GlobalPairCorr
  0.63FAMTX Nuveen Minnesota IntPairCorr
  0.79FSEIX Nuveen Mid CapPairCorr
  0.73FAQIX Nuveen Dividend ValuePairCorr
  0.73FARCX Nuveen Real EstatePairCorr
  0.79FASEX Nuveen Mid CapPairCorr
  0.69FSFRX Nuveen Strategic IncomePairCorr

Related Correlations Analysis

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.

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