Nuveen Nwq Correlations

Mutual Funds . USA . 
Fund . Nuveen Nwq Small Cap
NSCAX Fund  USD 45.48  1.17  2.64%   
The current 90-days correlation between Nuveen Nwq Small and Siit Global Managed is -0.14 (i.e., Good diversification). 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

Good diversification

The correlation between Nuveen Nwq Small Cap and DJI is -0.09 (i.e., Good 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 nation.

Moving together with Nuveen Mutual Fund

  0.91VSMAX Vanguard Small CapPairCorr
  0.91VSCIX Vanguard Small CapPairCorr
  0.91VSCPX Vanguard Small CapPairCorr
  0.91NAESX Vanguard Small CapPairCorr
  0.92FSSNX Fidelity Small CapPairCorr
  0.91DFSTX Us Small CapPairCorr
  0.92PASVX T Rowe PricePairCorr
  0.92PRVIX T Rowe PricePairCorr
  0.92TRZVX T Rowe PricePairCorr
  0.92PRSVX T Rowe PricePairCorr
  0.91VTSAX Vanguard Total StockPairCorr
  0.91VFIAX Vanguard 500 IndexPairCorr
  0.91VTSMX Vanguard Total StockPairCorr
  0.91VSMPX Vanguard Total StockPairCorr
  0.91VSTSX Vanguard Total StockPairCorr
  0.91VITSX Vanguard Total StockPairCorr
  0.91VFINX Vanguard 500 IndexPairCorr
  0.91VFFSX Vanguard 500 IndexPairCorr
  0.85DD Dupont De NemoursPairCorr
  0.87AXP American ExpressPairCorr
  0.82CSCO Cisco SystemsPairCorr
  0.91HPQ HP IncPairCorr
  0.87AA Alcoa Corp Earnings Call This WeekPairCorr
  0.68MSFT MicrosoftPairCorr
  0.88DIS Walt Disney Earnings Call TomorrowPairCorr
  0.85JPM JPMorgan ChasePairCorr
  0.76MMM 3M CompanyPairCorr
  0.8IBM International BusinessPairCorr
  0.79HD Home DepotPairCorr
  0.77PFE Pfizer IncPairCorr

Moving against Nuveen Mutual Fund

  0.57KO Coca ColaPairCorr
  0.54T ATT Inc Earnings Call This WeekPairCorr
  0.43MCD McDonaldsPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
TEDIX
+ 0.97
DODWX
DHGCX
+ 0.95
ANAZX
TEDIX
+ 0.91
SGMAX
DODWX
+ 0.88
SGMAX
MGKAX
+ 0.8
DODWX
MGKAX
+ 0.69
TEDIX
  
High negative correlations   
MGKAX
- 0.19
ANAZX
ANAZX
- 0.1
DODWX
MGKAX
- 0.04
DHGCX
ANAZX
- 0.03
TEDIX

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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