Nuveen Small Correlations

Mutual Funds . USA . 
Fund . Nuveen Small Cap
FRMPX Fund  USD 28.44  0.46  1.64%   
The current 90-days correlation between Nuveen Small Cap and Vanguard Small Cap Growth is 0.12 (i.e., Average diversification). The correlation of Nuveen Small 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 Small Correlation With Market

Significant diversification

The correlation between Nuveen Small Cap and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Small 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 Small 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 american community survey.

Moving together with Nuveen Mutual Fund

  0.95EMGRX Nuveen Small CapPairCorr
  0.97FRSLX Nuveen Mid CapPairCorr
  0.91NQCCX Nuveen Nwq LargePairCorr
  0.91NQCAX Nuveen Nwq LargePairCorr
  0.91FACSX Nuveen Mid CapPairCorr
  0.91NQCRX Nuveen Nwq LargePairCorr
  0.91FSCCX First American InvestmentPairCorr
  0.93FSCVX Nuveen Small CapPairCorr
  0.91FSCWX Nuveen Small CapPairCorr
  0.91FSCAX Nuveen Small CapPairCorr
  0.91FSEIX Nuveen Mid CapPairCorr
  0.87FAQIX Nuveen Dividend ValuePairCorr
  0.91FASEX Nuveen Mid CapPairCorr

Moving against Nuveen Mutual Fund

  0.73FAFLX Nuveen Louisiana MunPairCorr
  0.72FAFOX Nuveen Kansas MunicipalPairCorr
  0.69FAFMX Nuveen Ohio MunicipalPairCorr
  0.69FAFJX Nuveen Limited TermPairCorr
  0.63FRKSX Nuveen Kansas MunicipalPairCorr
  0.58FACCX Nuveen All AmericanPairCorr
  0.52FAAWX Nuveen All AmericanPairCorr
  0.48FAARX Nuveen All AmericanPairCorr
  0.44FAFNX Nuveen Michigan MunicipalPairCorr
  0.38FAFPX Nuveen Missouri MunicipalPairCorr
  0.32FAFKX Nuveen Orado MunicipalPairCorr
  0.31FAMAX Nuveen Minnesota IntPairCorr
  0.71FALTX Nuveen Short TermPairCorr
  0.71FTLAX Nuveen Louisiana MunPairCorr
  0.7FTLRX Nuveen Louisiana MunPairCorr
  0.54NAFOX Nuveen Oregon IntermPairCorr
  0.45NAAGX Nuveen MassachusettsPairCorr
  0.44FSFRX Nuveen Strategic IncomePairCorr
  0.42NACCX Nuveen Maryland MunicipalPairCorr
  0.41NAAFX Nuveen Nebraska MunicipalPairCorr
  0.34NAJPX Nuveen New YorkPairCorr
  0.32NAAEX Nuveen Short TermPairCorr
  0.31FAZTX Nuveen Arizona MunicipalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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