Nuveen Small Correlations

Mutual Funds . USA . 
Fund . Nuveen Small Cap
ARSTX Fund  USD 15.74  0.11  0.70%   
The current 90-days correlation between Nuveen Small Cap and Fidelity Advisor Energy is 0.3 (i.e., Weak 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

Poor diversification

The correlation between Nuveen Small Cap and DJI is 0.74 (i.e., Poor 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 Trending Equities 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 estimate.

Moving together with Nuveen Mutual Fund

  0.99EMGRX Nuveen Small CapPairCorr
  0.74FRKSX Nuveen Kansas MunicipalPairCorr
  0.86FRMPX Nuveen Small CapPairCorr
  0.85FRSLX Nuveen Mid CapPairCorr
  0.75FAARX Nuveen All AmericanPairCorr
  0.8NQCCX Nuveen Nwq LargePairCorr
  0.85NQCAX Nuveen Nwq LargePairCorr
  0.74FAAWX Nuveen All AmericanPairCorr
  0.85FACSX Nuveen Mid CapPairCorr
  0.73FACCX Nuveen All AmericanPairCorr
  0.85NQCRX Nuveen Nwq LargePairCorr
  0.74FAFPX Nuveen Missouri MunicipalPairCorr
  0.76FAFOX Nuveen Kansas MunicipalPairCorr
  0.74FAFNX Nuveen Michigan MunicipalPairCorr
  0.76NQGCX Nuveen Nwq GlobalPairCorr
  0.75FAFMX Nuveen Ohio MunicipalPairCorr
  0.75FAFLX Nuveen Louisiana MunPairCorr
  0.75FAFKX Nuveen Orado MunicipalPairCorr
  0.77NQGAX Nuveen Nwq GlobalPairCorr
  0.7FAFJX Nuveen Limited TermPairCorr
  0.77NQGIX Nuveen Nwq GlobalPairCorr
  0.66FAMAX Nuveen Minnesota IntPairCorr
  0.71FAMTX Nuveen Minnesota IntPairCorr
  0.98FSCCX First American InvestmentPairCorr
  0.98FSCVX Nuveen Small CapPairCorr
  0.97FSCWX Nuveen Small CapPairCorr
  0.97FSCAX Nuveen Small CapPairCorr
  0.86FSEIX Nuveen Mid CapPairCorr
  0.86FASEX Nuveen Mid CapPairCorr
  0.96NQVAX Nuveen Nwq MultiPairCorr

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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