Nuveen Large Correlations

Mutual Funds . USA . 
Fund . Nuveen Large Cap
FLRYX Fund  USD 42.70  0.24  0.57%   
The current 90-days correlation between Nuveen Large Cap and Nuveen Mid Cap is 0.76 (i.e., Poor diversification). The correlation of Nuveen Large 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 Large Correlation With Market

Modest diversification

The correlation between Nuveen Large Cap and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Large 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 Large 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 manufacturing.

Moving together with Nuveen Mutual Fund

  0.75EMGRX Nuveen Small CapPairCorr
  0.94FREAX Nuveen Real EstatePairCorr
  0.94FREGX Nuveen Real EstatePairCorr
  0.94FRLCX Nuveen Real EstatePairCorr
  0.96NQCCX Nuveen Nwq LargePairCorr
  0.93NQCAX Nuveen Nwq LargePairCorr
  0.95FACSX Nuveen Mid CapPairCorr
  0.93NQCRX Nuveen Nwq LargePairCorr
  0.64FAFPX Nuveen Missouri MunicipalPairCorr
  0.67FAFOX Nuveen Kansas MunicipalPairCorr
  0.73FAFNX Nuveen Michigan MunicipalPairCorr
  0.66NQGCX Nuveen Nwq GlobalPairCorr
  0.72FAFMX Nuveen Ohio MunicipalPairCorr
  0.67FAFLX Nuveen Louisiana MunPairCorr
  0.63NQGAX Nuveen Nwq GlobalPairCorr
  0.62NQGIX Nuveen Nwq GlobalPairCorr
  0.94FSEIX Nuveen Mid CapPairCorr
  0.98FAQIX Nuveen Dividend ValuePairCorr
  0.94FARCX Nuveen Real EstatePairCorr
  0.94FASEX 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 Large 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 Large'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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