Nuveen Mid Correlations

FISGX Fund

USD 42.14 0.15 0.36%

The current 90-days correlation between Nuveen Mid Cap and Alphacentric Lifesci Healthcare is 0.18 (i.e., Average 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

Poor diversification

The correlation between Nuveen Mid Cap and DJI is 0.72 (i.e., Poor 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 price.

Moving together with Nuveen Mutual Fund

0.76	PRNHX	T Rowe Price	Pair Corr
0.62	PCBIX	Midcap Fund Institutional	Pair Corr
0.61	PEMGX	Midcap Fund Class	Pair Corr
0.88	CISGX	Touchstone Sands Capital	Pair Corr
0.67	RYCTX	Sp 500 2x	Pair Corr
0.69	JHBCX	Jhancock Blue Chip	Pair Corr
0.63	T	ATT Inc Earnings Call This Week	Pair Corr
0.74	HD	Home Depot	Pair Corr
0.68	AXP	American Express Earnings Call This Week	Pair Corr
0.66	DIS	Walt Disney	Pair Corr

Moving against Nuveen Mutual Fund

0.6

PFE

Pfizer Inc Fiscal Year End 4th of February 2025

Pair Corr

Related Correlations Analysis

	LYFAX	FHCCX	HHCZX	PJHRX	LOGSX	XHQHX	VHCIX
LYFAX		0.8	0.64	0.84	0.91	0.86	0.92	LYFAX
FHCCX	0.8		0.39	0.94	0.88	0.7	0.75	FHCCX
HHCZX	0.64	0.39		0.43	0.66	0.36	0.45	HHCZX
PJHRX	0.84	0.94	0.43		0.88	0.75	0.79	PJHRX
LOGSX	0.91	0.88	0.66	0.88		0.78	0.87	LOGSX
XHQHX	0.86	0.7	0.36	0.75	0.78		0.92	XHQHX
VHCIX	0.92	0.75	0.45	0.79	0.87	0.92		VHCIX
	LYFAX	FHCCX	HHCZX	PJHRX	LOGSX	XHQHX	VHCIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LYFAX	0.62	(0.09)	0.00	(0.31)	0.00	0.00	0.96	(1.57)	3.57
FHCCX	0.97	(0.35)	0.00	(0.99)	0.00	0.00	1.19	(2.23)	15.50
HHCZX	0.13	0.00	(0.08)	0.05	0.10	(0.17)	0.24	(0.24)	1.15
PJHRX	1.03	(0.34)	0.00	(1.21)	0.00	0.00	1.07	(2.06)	14.53
LOGSX	0.62	(0.12)	0.00	(0.31)	0.00	0.00	1.07	(1.52)	4.72
XHQHX	0.77	(0.17)	0.00	(0.77)	0.00	0.00	0.97	(2.29)	4.60
VHCIX	0.63	(0.14)	0.00	(0.50)	0.00	0.00	1.05	(1.42)	2.98

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