Nuveen Real Correlations

Mutual Funds . USA . 
Fund . Nuveen Real Estate
FREAX Fund  USD 15.11  0.19  1.27%   
The current 90-days correlation between Nuveen Real Estate and Janus Global Real is -0.06 (i.e., Good diversification). The correlation of Nuveen Real 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 Real Correlation With Market

Very poor diversification

The correlation between Nuveen Real Estate and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Real Estate 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 Real Estate. 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 nation.

Moving together with Nuveen Mutual Fund

  0.85TEMRX Tiaa Cref EmergingPairCorr
  0.86TEQLX Tiaa Cref EmergingPairCorr
  0.83EMGRX Nuveen Small CapPairCorr
  0.95FREGX Nuveen Real EstatePairCorr
  0.86NPSAX Nuveen Preferred SecPairCorr
  0.86NPSFX Nuveen Preferred SecPairCorr
  0.87NPSCX Nuveen Preferred SecPairCorr
  0.87NPSRX Nuveen Preferred SecPairCorr
  0.9FRKSX Nuveen Kansas MunicipalPairCorr
  0.75FRMPX Nuveen Small CapPairCorr
  0.95FRLCX Nuveen Real EstatePairCorr
  0.84FRSLX Nuveen Mid CapPairCorr
  0.86FAARX Nuveen All AmericanPairCorr
  0.87NQCCX Nuveen Nwq LargePairCorr
  0.9NQCAX Nuveen Nwq LargePairCorr
  0.85FAAWX Nuveen All AmericanPairCorr
  0.85FACSX Nuveen Mid CapPairCorr
  0.86FACCX Nuveen All AmericanPairCorr
  0.88NQCRX Nuveen Nwq LargePairCorr
  0.85FAFPX Nuveen Missouri MunicipalPairCorr
  0.9FAFOX Nuveen Kansas MunicipalPairCorr
  0.83FAFNX Nuveen Michigan MunicipalPairCorr
  0.9NQGCX Nuveen Nwq GlobalPairCorr
  0.8FAFMX Nuveen Ohio MunicipalPairCorr
  0.88FAFLX Nuveen Louisiana MunPairCorr
  0.76FAFKX Nuveen Orado MunicipalPairCorr
  0.9NQGAX Nuveen Nwq GlobalPairCorr
  0.87FAFJX Nuveen Limited TermPairCorr
  0.89NQGIX Nuveen Nwq GlobalPairCorr
  0.9FAMAX Nuveen Minnesota IntPairCorr
  0.9FAMTX Nuveen Minnesota IntPairCorr
  0.78FSCCX First American InvestmentPairCorr
  0.78FSCVX Nuveen Small CapPairCorr
  0.78FSCAX Nuveen Small CapPairCorr
  0.85FSEIX Nuveen Mid CapPairCorr
  0.83FAQIX Nuveen Dividend ValuePairCorr
  0.95FARCX Nuveen Real EstatePairCorr
  0.88FASEX Nuveen Mid CapPairCorr
  0.89FSHAX Nuveen Short TermPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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