Nuveen Small Correlations

FIMPX Fund

USD 36.11 0.43 1.18%

The current 90-days correlation between Nuveen Small Cap and Nuveen Mid Cap is 0.97 (i.e., Almost no 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 -0.1 (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 american community survey.

Moving together with Nuveen Mutual Fund

0.91	VSGIX	Vanguard Small Cap	Pair Corr
0.91	VISGX	Vanguard Small Cap	Pair Corr
0.91	VEXPX	Vanguard Explorer	Pair Corr
0.91	VEXRX	Vanguard Explorer	Pair Corr
0.91	JGMIX	Janus Triton	Pair Corr
0.91	JGMRX	Janus Triton	Pair Corr
0.91	JGMAX	Janus Triton	Pair Corr
0.91	JGMCX	Janus Triton	Pair Corr
0.91	JGMNX	Janus Triton	Pair Corr
0.62	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.64	RYVLX	Nasdaq 100 2x	Pair Corr
0.64	RYVYX	Nasdaq 100 2x	Pair Corr
0.64	UOPIX	Ultra Nasdaq 100	Pair Corr
0.64	RYCCX	Nasdaq 100 2x	Pair Corr
0.64	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.61	INPIX	Internet Ultrasector	Pair Corr
0.61	INPSX	Internet Ultrasector	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.63	IBM	International Business	Pair Corr
0.65	MSFT	Microsoft	Pair Corr
0.66	CAT	Caterpillar	Pair Corr
0.66	CVX	Chevron Corp	Pair Corr

Moving against Nuveen Mutual Fund

0.66

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	FISGX	FSEIX	FSCCX	ARSTX	FRMPX
FISGX		0.91	0.96	0.98	0.93	FISGX
FSEIX	0.91		0.89	0.9	0.98	FSEIX
FSCCX	0.96	0.89		0.99	0.87	FSCCX
ARSTX	0.98	0.9	0.99		0.9	ARSTX
FRMPX	0.93	0.98	0.87	0.9		FRMPX
	FISGX	FSEIX	FSCCX	ARSTX	FRMPX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FISGX	0.84	0.29	0.04	(4.03)	0.66	(0.97)	2.33	(1.34)	6.24
FSEIX	0.71	0.24	(0.01)	(2.40)	0.60	(0.79)	1.94	(0.99)	5.13
FSCCX	0.87	0.26	0.01	(2.62)	0.77	(1.03)	2.49	(1.20)	5.97
ARSTX	0.85	0.29	0.03	(2.48)	0.76	(0.94)	2.22	(1.38)	6.52
FRMPX	0.85	0.32	0.07	(4.36)	0.66	(1.05)	2.27	(1.36)	5.61

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