Nuveen Nwq Correlations

NQGIX Fund  USD 34.77  0.24  0.70%   
The current 90-days correlation between Nuveen Nwq Global and Nuveen Small Cap is 0.12 (i.e., Average 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

Significant diversification

The correlation between Nuveen Nwq Global and DJI is 0.08 (i.e., Significant 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 gross domestic product.

Moving together with Nuveen Mutual Fund

  0.62FREAX Nuveen Real EstatePairCorr
  0.74NPSAX Nuveen Preferred SecPairCorr
  0.61NPSFX Nuveen Preferred SecPairCorr
  0.65NPSCX Nuveen Preferred SecPairCorr
  0.73NPSRX Nuveen Preferred SecPairCorr
  0.63FRKSX Nuveen Kansas MunicipalPairCorr
  0.63FAARX Nuveen All AmericanPairCorr
  0.63FAAWX Nuveen All AmericanPairCorr
  0.64FACCX Nuveen All AmericanPairCorr
  0.64FAFPX Nuveen Missouri MunicipalPairCorr
  0.64FAFOX Nuveen Kansas MunicipalPairCorr
  0.65FAFNX Nuveen Michigan MunicipalPairCorr
  0.79NQGCX Nuveen Nwq GlobalPairCorr
  0.66FAFMX Nuveen Ohio MunicipalPairCorr
  0.65FAFLX Nuveen Louisiana MunPairCorr
  0.64FAFKX Nuveen Orado MunicipalPairCorr
  1.0NQGAX Nuveen Nwq GlobalPairCorr
  0.61FAFJX Nuveen Limited TermPairCorr
  0.63FAMAX Nuveen Minnesota IntPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FRLCXFREGX
NPSRXNPSAX
NPSCXNPSFX
FRMPXEMGRX
FREGXFREAX
FRLCXFREAX
  
High negative correlations   
FRLCXFRMPX
FRMPXFREGX
FRMPXFREAX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMGRX  0.88 (0.03)(0.01) 0.01  1.07 
 1.66 
 10.34 
FREAX  0.80 (0.20) 0.00 (0.83) 0.00 
 1.22 
 6.57 
FREGX  0.79 (0.20) 0.00 (0.40) 0.00 
 1.22 
 6.36 
NPSAX  0.11 (0.02) 0.00 (0.63) 0.00 
 0.26 
 1.03 
NPSFX  0.11 (0.02) 0.00 (0.91) 0.00 
 0.26 
 1.15 
NPSCX  0.11 (0.02) 0.00 (1.07) 0.00 
 0.26 
 1.03 
NPSRX  0.12 (0.02) 0.00 (0.67) 0.00 
 0.26 
 1.09 
FRKSX  0.17 (0.03) 0.00 (0.54) 0.00 
 0.30 
 1.31 
FRMPX  0.95  0.05  0.05  0.07  1.15 
 1.66 
 9.36 
FRLCX  0.79 (0.22) 0.00 (0.43) 0.00 
 1.21 
 6.82