Nuveen Nwq Correlations

Mutual Funds . USA . 
Fund . Nuveen Nwq Small Cap
NSCFX Fund  USD 52.36  0.23  0.44%   
The current 90-days correlation between Nuveen Nwq Small and Nuveen Nwq Small Cap is 0.99 (i.e., No risk reduction). 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

Very weak diversification

The correlation between Nuveen Nwq Small Cap and DJI is 0.43 (i.e., Very 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 census.

Moving together with Nuveen Mutual Fund

  0.72EMGRX Nuveen Small CapPairCorr
  0.67FREAX Nuveen Real EstatePairCorr
  0.92FREGX Nuveen Real EstatePairCorr
  0.88FRLCX Nuveen Real Estate Potential GrowthPairCorr
  0.94NQCCX Nuveen Nwq LargePairCorr
  0.97NQCAX Nuveen Nwq LargePairCorr
  0.97FACSX Nuveen Mid CapPairCorr
  0.65NQGCX Nuveen Nwq GlobalPairCorr
  0.64NQGAX Nuveen Nwq GlobalPairCorr
  0.63NQGIX Nuveen Nwq GlobalPairCorr
  0.97FSEIX Nuveen Mid CapPairCorr
  0.84FAQIX Nuveen Dividend ValuePairCorr
  0.92FARCX Nuveen Real EstatePairCorr
  0.97FASEX Nuveen Mid CapPairCorr
  0.71NQVAX Nuveen Nwq MultiPairCorr
  0.7NQVCX Nuveen Nwq MultiPairCorr

Related Correlations Analysis

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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.

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