Nuveen Small Correlations

Mutual Funds . USA . 
Fund . Nuveen Small Cap
FSCVX Fund  USD 26.12  0.27  1.04%   
The current 90-days correlation between Nuveen Small Cap and Nuveen Small Cap is 1.0 (i.e., No risk reduction). 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 -0.15 (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 real.

Moving together with Nuveen Mutual Fund

  0.99EMGRX Nuveen Small CapPairCorr
  0.69FREAX Nuveen Real EstatePairCorr
  0.64FREGX Nuveen Real EstatePairCorr
  0.94NPSAX Nuveen Preferred SecPairCorr
  0.94NPSFX Nuveen Preferred SecPairCorr
  0.94NPSCX Nuveen Preferred SecPairCorr
  0.93NPSRX Nuveen Preferred SecPairCorr
  0.72FRKSX Nuveen Kansas MunicipalPairCorr
  0.97FRMPX Nuveen Small CapPairCorr
  0.68FRLCX Nuveen Real EstatePairCorr
  0.96FRSLX Nuveen Mid CapPairCorr
  0.96NQCCX Nuveen Nwq LargePairCorr
  0.98NQCAX Nuveen Nwq LargePairCorr
  0.96FACSX Nuveen Mid CapPairCorr
  0.98NQCRX Nuveen Nwq LargePairCorr
  0.74FAFOX Nuveen Kansas MunicipalPairCorr
  0.95NQGCX Nuveen Nwq GlobalPairCorr
  0.95NQGAX Nuveen Nwq GlobalPairCorr
  0.92FAFJX Nuveen Limited TermPairCorr
  0.94NQGIX Nuveen Nwq GlobalPairCorr
  0.88FAMAX Nuveen Minnesota IntPairCorr
  0.88FAMTX Nuveen Minnesota IntPairCorr
  0.97FSCCX First American InvestmentPairCorr
  0.97FSCWX Nuveen Small CapPairCorr
  1.0FSCAX Nuveen Small CapPairCorr
  0.97FSEIX Nuveen Mid CapPairCorr
  0.96FAQIX Nuveen Dividend ValuePairCorr
  0.7FARCX Nuveen Real EstatePairCorr
  0.97FASEX Nuveen Mid CapPairCorr
  0.91FSHAX Nuveen Short TermPairCorr
  0.86FSFRX 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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