Nuveen Limited Correlations

Mutual Funds . USA . 
Fund . Nuveen Limited Term
FLTDX Fund  USD 10.91  0.01  0.09%   
The current 90-days correlation between Nuveen Limited Term and Fidelity Small Cap is -0.14 (i.e., Good diversification). The correlation of Nuveen Limited 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 Limited Correlation With Market

Average diversification

The correlation between Nuveen Limited Term and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Limited Term 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 Limited Term. 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 unemployment.

Moving together with Nuveen Mutual Fund

  0.65EMGRX Nuveen Small CapPairCorr
  0.74NPSAX Nuveen Preferred SecPairCorr
  0.74NPSFX Nuveen Preferred SecPairCorr
  0.72NPSCX Nuveen Preferred SecPairCorr
  0.68NPSRX Nuveen Preferred SecPairCorr
  0.94FRKSX Nuveen Kansas MunicipalPairCorr
  0.66FRMPX Nuveen Small CapPairCorr
  0.77FRSLX Nuveen Mid CapPairCorr
  0.94FAARX Nuveen All AmericanPairCorr
  0.94FAAWX Nuveen All AmericanPairCorr
  0.94FACCX Nuveen All AmericanPairCorr
  0.84FAFPX Nuveen Missouri MunicipalPairCorr
  0.89FAFOX Nuveen Kansas MunicipalPairCorr
  0.81FAFNX Nuveen Michigan MunicipalPairCorr
  0.85FAFMX Nuveen Ohio MunicipalPairCorr
  0.88FAFLX Nuveen Louisiana MunPairCorr
  0.87FAFKX Nuveen Orado MunicipalPairCorr
  0.98FAFJX Nuveen Limited TermPairCorr
  0.66NQGIX Nuveen Nwq GlobalPairCorr
  0.92FAMAX Nuveen Minnesota IntPairCorr
  0.97FAMTX Nuveen Minnesota IntPairCorr
  0.67FSCCX First American InvestmentPairCorr
  0.67FSCVX Nuveen Small CapPairCorr
  0.67FSCWX Nuveen Small CapPairCorr
  0.67FSCAX Nuveen Small CapPairCorr
  0.76FSHAX Nuveen Short TermPairCorr
  0.91FSFRX Nuveen Strategic IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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