Nuveen Dividend Correlations

FAQIX Fund

USD 14.88 0.08 0.53%

The current 90-days correlation between Nuveen Dividend Value and Prudential Real Estate is 0.06 (i.e., Significant 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

Very weak diversification

The correlation between Nuveen Dividend Value and DJI is 0.43 (i.e., Very weak 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

0.93	EMGRX	Nuveen Small Cap	Pair Corr
0.86	FREAX	Nuveen Real Estate	Pair Corr
0.86	FREGX	Nuveen Real Estate	Pair Corr
0.98	FRLCX	Nuveen Real Estate	Pair Corr
0.62	FAARX	Nuveen All American	Pair Corr
0.98	NQCCX	Nuveen Nwq Large	Pair Corr
0.95	NQCAX	Nuveen Nwq Large	Pair Corr
0.62	FAAWX	Nuveen All American	Pair Corr
0.98	FACSX	Nuveen Mid Cap	Pair Corr
0.95	NQCRX	Nuveen Nwq Large	Pair Corr
0.64	FAFPX	Nuveen Missouri Municipal	Pair Corr
0.67	FAFOX	Nuveen Kansas Municipal	Pair Corr
0.72	FAFNX	Nuveen Michigan Municipal	Pair Corr
0.71	FAFMX	Nuveen Ohio Municipal	Pair Corr
0.67	FAFLX	Nuveen Louisiana Mun	Pair Corr
0.62	FAFKX	Nuveen Orado Municipal	Pair Corr
0.85	FSCCX	First American Investment	Pair Corr
0.86	FSCVX	Nuveen Small Cap	Pair Corr
0.85	FSCWX	Nuveen Small Cap	Pair Corr
0.86	FSCAX	Nuveen Small Cap	Pair Corr
0.97	FSEIX	Nuveen Mid Cap	Pair Corr
0.98	FARCX	Nuveen Real Estate	Pair Corr
0.97	FASEX	Nuveen Mid Cap	Pair Corr

Related Correlations Analysis

	PJEAX	TRRSX	NRSCX	TIREX	SRPIX	CREMX	CREYX
PJEAX		0.99	-0.08	0.99	-0.98	-0.67	0.99	PJEAX
TRRSX	0.99		-0.13	1.0	-1.0	-0.72	1.0	TRRSX
NRSCX	-0.08	-0.13		-0.13	0.17	0.43	-0.16	NRSCX
TIREX	0.99	1.0	-0.13		-0.99	-0.72	1.0	TIREX
SRPIX	-0.98	-1.0	0.17	-0.99		0.75	-0.99	SRPIX
CREMX	-0.67	-0.72	0.43	-0.72	0.75		-0.75	CREMX
CREYX	0.99	1.0	-0.16	1.0	-0.99	-0.75		CREYX
	PJEAX	TRRSX	NRSCX	TIREX	SRPIX	CREMX	CREYX

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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

TIREX	+ 1.0	TRRSX
CREYX	+ 1.0	TRRSX
CREYX	+ 1.0	TIREX
TRRSX	+ 0.99	PJEAX
TIREX	+ 0.99	PJEAX
CREYX	+ 0.99	PJEAX

High negative correlations

SRPIX	- 1.0	TRRSX
CREYX	- 0.99	SRPIX
SRPIX	- 0.99	TIREX
SRPIX	- 0.98	PJEAX
CREYX	- 0.75	CREMX
CREMX	- 0.72	TIREX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PJEAX	0.85	(0.09)	0.00	(0.13)	0.00	0.00	1.57	(1.56)	5.60
TRRSX	0.87	(0.10)	0.00	(0.16)	0.00	0.00	1.51	(1.84)	5.50
NRSCX	0.24	(0.04)	0.00	(0.49)	0.00	0.00	0.43	(0.43)	3.00
TIREX	0.86	(0.10)	0.00	(0.15)	0.00	0.00	1.45	(1.78)	5.42
SRPIX	0.92	0.12	0.02	(0.17)	0.91	(1.08)	1.79	(1.71)	6.06
CREMX	0.03	0.01	0.00	2.61	0.00	0.00	0.08	0.00	0.68
CREYX	0.86	(0.11)	0.00	(0.17)	0.00	0.00	1.52	(1.77)	5.49

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