Nuveen Dividend Correlations

Mutual Funds . USA . 
Fund . Nuveen Dividend Value
FAQIX Fund  USD 15.80  0.12  0.77%   
The current 90-days correlation between Nuveen Dividend Value and Massmutual Premier Diversified is 0.12 (i.e., Average diversification). The correlation of Nuveen Dividend 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 Dividend Correlation With Market

Almost no diversification

The correlation between Nuveen Dividend Value and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Dividend Value 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 Dividend Value. 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 gross domestic product.

Moving together with Nuveen Mutual Fund

  0.78TEMRX Tiaa Cref EmergingPairCorr
  0.77TEQLX Tiaa Cref EmergingPairCorr
  0.95EMGRX Nuveen Small CapPairCorr
  0.82FREAX Nuveen Real EstatePairCorr
  0.81FREGX Nuveen Real EstatePairCorr
  0.9NPSAX Nuveen Preferred SecPairCorr
  0.91NPSFX Nuveen Preferred SecPairCorr
  0.91NPSCX Nuveen Preferred SecPairCorr
  0.9NPSRX Nuveen Preferred SecPairCorr
  0.76FRKSX Nuveen Kansas MunicipalPairCorr
  0.93FRMPX Nuveen Small CapPairCorr
  0.82FRLCX Nuveen Real EstatePairCorr
  0.99FRSLX Nuveen Mid CapPairCorr
  0.72FAARX Nuveen All AmericanPairCorr
  0.99NQCCX Nuveen Nwq LargePairCorr
  0.98NQCAX Nuveen Nwq LargePairCorr
  0.72FAAWX Nuveen All AmericanPairCorr
  0.99FACSX Nuveen Mid CapPairCorr
  0.71FACCX Nuveen All AmericanPairCorr
  0.98NQCRX Nuveen Nwq LargePairCorr
  0.69FAFPX Nuveen Missouri MunicipalPairCorr
  0.74FAFOX Nuveen Kansas MunicipalPairCorr
  0.88NQGCX Nuveen Nwq GlobalPairCorr
  0.65FAFMX Nuveen Ohio MunicipalPairCorr
  0.76FAFLX Nuveen Louisiana MunPairCorr
  0.62FAFKX Nuveen Orado MunicipalPairCorr
  0.73FAFJX Nuveen Limited TermPairCorr
  0.88NQGIX Nuveen Nwq GlobalPairCorr
  0.82FAMAX Nuveen Minnesota IntPairCorr
  0.83FAMTX Nuveen Minnesota IntPairCorr
  0.87FSCCX First American InvestmentPairCorr
  0.87FSCWX Nuveen Small CapPairCorr
  0.99FSEIX Nuveen Mid CapPairCorr
  0.81FARCX Nuveen Real EstatePairCorr
  0.99FASEX Nuveen Mid CapPairCorr
  0.84FSHAX Nuveen Short TermPairCorr
  0.82FSFRX Nuveen Strategic IncomePairCorr
  0.93NQVAX Nuveen Nwq MultiPairCorr
  0.93NQVCX Nuveen Nwq MultiPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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