Nuveen Nwq Correlations

NQCAX Fund

USD 5.93 0.02 0.34%

The current 90-days correlation between Nuveen Nwq Large and Iaadx is 0.43 (i.e., Very weak 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 Large Cap and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Nwq Large 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 Large 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

0.64	TEMRX	Tiaa Cref Emerging	Pair Corr
0.62	EMGRX	Nuveen Small Cap	Pair Corr
0.69	NPSAX	Nuveen Preferred Sec	Pair Corr
0.68	NPSCX	Nuveen Preferred Sec	Pair Corr
0.63	NPSRX	Nuveen Preferred Sec	Pair Corr
0.76	NQCCX	Nuveen Nwq Large	Pair Corr
0.76	NQCRX	Nuveen Nwq Large	Pair Corr
0.84	NQGCX	Nuveen Nwq Global	Pair Corr
0.75	NQGAX	Nuveen Nwq Global	Pair Corr
0.64	NQGIX	Nuveen Nwq Global	Pair Corr
0.63	FAQIX	Nuveen Dividend Value	Pair Corr
0.69	FASEX	Nuveen Mid Cap	Pair Corr

Related Correlations Analysis

	IAADX	WABMSX	VOLJX	LMUSX	ABVCX	FABWX	HDCAX	IEMSX
IAADX		0.62	0.59	0.72	0.68	0.71	0.67	0.65	IAADX
WABMSX	0.62		0.82	0.79	0.69	0.78	0.79	0.76	WABMSX
VOLJX	0.59	0.82		0.92	0.7	0.9	0.72	0.63	VOLJX
LMUSX	0.72	0.79	0.92		0.74	0.96	0.66	0.58	LMUSX
ABVCX	0.68	0.69	0.7	0.74		0.73	0.59	0.55	ABVCX
FABWX	0.71	0.78	0.9	0.96	0.73		0.6	0.54	FABWX
HDCAX	0.67	0.79	0.72	0.66	0.59	0.6		0.91	HDCAX
IEMSX	0.65	0.76	0.63	0.58	0.55	0.54	0.91		IEMSX
	IAADX	WABMSX	VOLJX	LMUSX	ABVCX	FABWX	HDCAX	IEMSX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IAADX	0.18	0.04	(0.14)	(0.74)	0.00	(0.26)	0.42	(0.21)	1.25
WABMSX	0.51	0.06	0.00	1.26	0.75	(0.52)	1.05	(1.39)	3.37
VOLJX	0.56	(0.02)	(0.02)	0.05	0.93	(0.53)	1.36	(1.22)	3.88
LMUSX	0.55	0.00	(0.01)	0.07	0.81	(0.50)	1.25	(1.38)	3.38
ABVCX	0.66	(0.05)	0.00	(0.14)	0.00	0.00	1.23	(1.30)	3.47
FABWX	0.63	0.00	0.00	0.07	0.91	(0.62)	1.22	(1.48)	4.04
HDCAX	0.47	0.07	0.00	(4.06)	0.58	(0.51)	1.01	(1.00)	2.95
IEMSX	0.60	0.08	0.02	3.82	0.79	(0.60)	1.19	(1.16)	5.00

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Nuveen Nwq Correlations

Nuveen Nwq Correlation With Market

Good diversification

Moving together with Nuveen Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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