Nuveen Nwq Correlations

NSCCX Fund

USD 38.30 0.30 0.79%

The current 90-days correlation between Nuveen Nwq Small and Nuveen Real Estate is 0.66 (i.e., Poor 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

Weak diversification

The correlation between Nuveen Nwq Small Cap and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Nwq Small 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 Small 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 main economic indicators.

Moving together with Nuveen Mutual Fund

0.64	EMGRX	Nuveen Small Cap	Pair Corr
0.76	FREAX	Nuveen Real Estate	Pair Corr
0.76	FREGX	Nuveen Real Estate	Pair Corr
0.75	FRLCX	Nuveen Real Estate	Pair Corr
0.93	NQCCX	Nuveen Nwq Large	Pair Corr
0.88	NQCAX	Nuveen Nwq Large	Pair Corr
0.93	FACSX	Nuveen Mid Cap	Pair Corr
0.87	NQCRX	Nuveen Nwq Large	Pair Corr
0.91	FSEIX	Nuveen Mid Cap	Pair Corr
0.97	FAQIX	Nuveen Dividend Value	Pair Corr
0.76	FARCX	Nuveen Real Estate	Pair Corr
0.92	FASEX	Nuveen Mid Cap	Pair Corr

Related Correlations Analysis

	FREAX	FREGX	NPSAX	NPSFX	NPSCX	NPSRX	FRKSX	FRMPX	FRLCX
FREAX		1.0	0.12	0.1	0.24	0.09	0.34	-0.13	1.0	FREAX
FREGX	1.0		0.13	0.1	0.24	0.09	0.34	-0.12	1.0	FREGX
NPSAX	0.12	0.13		0.99	0.98	0.99	0.72	0.32	0.12	NPSAX
NPSFX	0.1	0.1	0.99		0.97	0.99	0.7	0.32	0.09	NPSFX
NPSCX	0.24	0.24	0.98	0.97		0.97	0.72	0.16	0.23	NPSCX
NPSRX	0.09	0.09	0.99	0.99	0.97		0.71	0.3	0.08	NPSRX
FRKSX	0.34	0.34	0.72	0.7	0.72	0.71		0.27	0.33	FRKSX
FRMPX	-0.13	-0.12	0.32	0.32	0.16	0.3	0.27		-0.14	FRMPX
FRLCX	1.0	1.0	0.12	0.09	0.23	0.08	0.33	-0.14		FRLCX
	FREAX	FREGX	NPSAX	NPSFX	NPSCX	NPSRX	FRKSX	FRMPX	FRLCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FREGX	+ 1.0	FREAX
FRLCX	+ 1.0	FREAX
FRLCX	+ 1.0	FREGX
NPSFX	+ 0.99	NPSAX
NPSRX	+ 0.99	NPSAX
NPSRX	+ 0.99	NPSFX

High negative correlations

FRLCX	- 0.14	FRMPX
FRMPX	- 0.13	FREAX
FRMPX	- 0.12	FREGX

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
FREAX	0.79	(0.21)	0.00	(0.44)	0.00	0.00	1.22	(1.82)	6.57
FREGX	0.79	(0.20)	0.00	(0.42)	0.00	0.00	1.22	(1.86)	6.36
NPSAX	0.11	(0.02)	0.00	(0.51)	0.00	0.00	0.26	(0.26)	1.03
NPSFX	0.11	(0.02)	0.00	(0.41)	0.00	0.00	0.26	(0.26)	1.15
NPSCX	0.11	(0.02)	0.00	(0.57)	0.00	0.00	0.26	(0.26)	1.03
NPSRX	0.12	(0.02)	0.00	(0.52)	0.00	0.00	0.26	(0.26)	1.09
FRKSX	0.18	(0.03)	0.00	1.06	0.00	0.00	0.30	(0.40)	1.31
FRMPX	0.94	0.05	0.04	0.06	1.15	(0.97)	1.66	(1.79)	9.36
FRLCX	0.79	(0.21)	0.00	(0.45)	0.00	0.00	1.21	(1.84)	6.82

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