Nuveen Small Correlations

Mutual Funds . USA . 
Fund . Nuveen Small Cap
FSCAX Fund  USD 31.15  0.20  0.65%   
The current 90-days correlation between Nuveen Small Cap and Nuveen Mid Cap is 0.87 (i.e., Very poor 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 -0.17 (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 nation.

Moving together with Nuveen Mutual Fund

  0.99EMGRX Nuveen Small CapPairCorr
  0.68FREAX Nuveen Real EstatePairCorr
  0.63FREGX Nuveen Real EstatePairCorr
  0.93NPSAX Nuveen Preferred SecPairCorr
  0.94NPSFX Nuveen Preferred SecPairCorr
  0.94NPSCX Nuveen Preferred SecPairCorr
  0.92NPSRX Nuveen Preferred SecPairCorr
  0.76FRKSX Nuveen Kansas MunicipalPairCorr
  0.97FRMPX Nuveen Small CapPairCorr
  0.67FRLCX Nuveen Real EstatePairCorr
  0.97FRSLX Nuveen Mid CapPairCorr
  0.62FAARX Nuveen All AmericanPairCorr
  0.98NQCCX Nuveen Nwq LargePairCorr
  0.96NQCAX Nuveen Nwq LargePairCorr
  0.61FAAWX Nuveen All AmericanPairCorr
  0.96FACSX Nuveen Mid CapPairCorr
  0.67FACCX Nuveen All AmericanPairCorr
  0.96NQCRX Nuveen Nwq LargePairCorr
  0.62FAFPX Nuveen Missouri MunicipalPairCorr
  0.69FAFOX Nuveen Kansas MunicipalPairCorr
  0.94NQGCX Nuveen Nwq GlobalPairCorr
  0.94NQGAX Nuveen Nwq GlobalPairCorr
  0.9FAFJX Nuveen Limited TermPairCorr
  0.94NQGIX Nuveen Nwq GlobalPairCorr
  0.91FAMAX Nuveen Minnesota IntPairCorr
  0.91FAMTX Nuveen Minnesota IntPairCorr
  0.96FSCCX First American InvestmentPairCorr
  0.99FSCVX Nuveen Small CapPairCorr
  0.96FSCWX Nuveen Small CapPairCorr
  0.96FSEIX Nuveen Mid CapPairCorr
  0.95FAQIX Nuveen Dividend ValuePairCorr
  0.69FARCX Nuveen Real EstatePairCorr
  0.99FASEX Nuveen Mid CapPairCorr
  0.91FSHAX Nuveen Short TermPairCorr
  0.88FSFRX Nuveen Strategic IncomePairCorr

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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