Nuveen Small Correlations

Mutual Funds . USA . 
Fund . Nuveen Small Cap
EMGRX Fund  USD 10.22  0.18  1.73%   
The current 90-days correlation between Nuveen Small Cap and Franklin Adjustable Government is -0.03 (i.e., Good diversification). The correlation of Nuveen Small 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 Small Correlation With Market

Good diversification

The correlation between Nuveen Small Cap and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Nuveen 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 metropolitan statistical area.

Moving together with Nuveen Mutual Fund

  0.94NPSAX Nuveen Preferred SecPairCorr
  0.95NPSFX Nuveen Preferred SecPairCorr
  0.94NPSCX Nuveen Preferred SecPairCorr
  0.99FRMPX Nuveen Small CapPairCorr
  0.96FRSLX Nuveen Mid CapPairCorr
  0.84NQCAX Nuveen Nwq LargePairCorr
  0.87FACSX Nuveen Mid CapPairCorr
  0.69FAFOX Nuveen Kansas MunicipalPairCorr
  0.92FAFJX Nuveen Limited TermPairCorr
  0.82NQGIX Nuveen Nwq GlobalPairCorr
  0.75FAMTX Nuveen Minnesota IntPairCorr
  0.99FSCAX Nuveen Small CapPairCorr
  0.97FASEX Nuveen Mid CapPairCorr
  0.61FSHAX Nuveen Short TermPairCorr
  0.75FSFRX Nuveen Strategic IncomePairCorr
  0.97NQVAX Nuveen Nwq MultiPairCorr
  0.76NAFOX Nuveen Oregon IntermPairCorr
  0.8NSBAX Nuveen Santa BarbaraPairCorr
  0.86FCBCX Nuveen Strategic IncomePairCorr
  0.87FCDDX Nuveen Strategic IncomePairCorr
  0.76NSCCX Nuveen Nwq SmallPairCorr
  0.76NSCRX Nuveen Nwq SmallPairCorr
  0.81NSMCX Nuveen Nwq SmallmidPairCorr
  0.83ARSTX Nuveen Small CapPairCorr
  0.78NCIGX Nuveen Nwq InternationalPairCorr
  0.93NCOIX Nuveen Symphony CreditPairCorr
  0.8NUGCX Nuveen Santa BarbaraPairCorr
  0.73NUICX Nuveen Santa BarbaraPairCorr
  0.96FFEIX Nuveen Dividend ValuePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Small 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 Small'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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