Nuveen Mid Correlations

Mutual Funds . USA . 
Fund . Nuveen Mid Cap
FACSX Fund  USD 51.96  0.23  0.44%   
The current 90-days correlation between Nuveen Mid Cap and Nuveen Small Cap is 0.21 (i.e., Modest diversification). The correlation of Nuveen Mid 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 Mid Correlation With Market

Very weak diversification

The correlation between Nuveen Mid Cap and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Mid 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 Mid 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 state.

Moving together with Nuveen Mutual Fund

  0.94EMGRX Nuveen Small CapPairCorr
  0.91FREAX Nuveen Real EstatePairCorr
  0.93FREGX Nuveen Real EstatePairCorr
  0.61FRKSX Nuveen Kansas MunicipalPairCorr
  0.63FRMPX Nuveen Small CapPairCorr
  0.93FRLCX Nuveen Real EstatePairCorr
  0.63FAARX Nuveen All AmericanPairCorr
  0.94NQCCX Nuveen Nwq LargePairCorr
  0.99NQCAX Nuveen Nwq LargePairCorr
  0.95NQCRX Nuveen Nwq LargePairCorr
  0.64NQGCX Nuveen Nwq GlobalPairCorr
  0.64FAFMX Nuveen Ohio MunicipalPairCorr
  0.74FSCCX First American InvestmentPairCorr
  0.75FSCVX Nuveen Small CapPairCorr
  0.87FSCWX Nuveen Small CapPairCorr
  0.74FSCAX Nuveen Small CapPairCorr
  0.95FSEIX Nuveen Mid CapPairCorr
  0.89FAQIX Nuveen Dividend ValuePairCorr
  0.94FARCX Nuveen Real EstatePairCorr
  0.89FASEX Nuveen Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Mid 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 Mid'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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