Nuveen Small Correlations

FSCAX Fund

USD 33.57 0.63 1.84%

The current 90-days correlation between Nuveen Small Cap and Westcore Small Cap Growth is 0.79 (i.e., Poor 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

Almost no diversification

The correlation between Nuveen Small Cap and DJI is 0.92 (i.e., Almost no 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 nation.

Moving together with Nuveen Mutual Fund

0.85	TEMRX	Tiaa Cref Emerging	Pair Corr
0.83	TEQLX	Tiaa Cref Emerging	Pair Corr
0.9	EMGRX	Nuveen Small Cap	Pair Corr
0.72	FREAX	Nuveen Real Estate	Pair Corr
0.72	FREGX	Nuveen Real Estate	Pair Corr
0.84	NPSAX	Nuveen Preferred Sec	Pair Corr
0.8	NPSFX	Nuveen Preferred Sec	Pair Corr
0.84	NPSCX	Nuveen Preferred Sec	Pair Corr
0.84	NPSRX	Nuveen Preferred Sec	Pair Corr
0.76	FRKSX	Nuveen Kansas Municipal	Pair Corr
0.62	FRMPX	Nuveen Small Cap	Pair Corr
0.72	FRLCX	Nuveen Real Estate	Pair Corr
0.78	FRSLX	Nuveen Mid Cap	Pair Corr
0.75	FAARX	Nuveen All American	Pair Corr
0.84	NQCCX	Nuveen Nwq Large	Pair Corr
0.86	NQCAX	Nuveen Nwq Large	Pair Corr
0.75	FAAWX	Nuveen All American	Pair Corr
0.81	FACSX	Nuveen Mid Cap	Pair Corr
0.74	FACCX	Nuveen All American	Pair Corr
0.86	NQCRX	Nuveen Nwq Large	Pair Corr
0.69	FAFPX	Nuveen Missouri Municipal	Pair Corr
0.77	FAFOX	Nuveen Kansas Municipal	Pair Corr
0.65	FAFNX	Nuveen Michigan Municipal	Pair Corr
0.87	NQGCX	Nuveen Nwq Global	Pair Corr
0.68	FAFMX	Nuveen Ohio Municipal	Pair Corr
0.7	FAFLX	Nuveen Louisiana Mun	Pair Corr
0.63	FAFKX	Nuveen Orado Municipal	Pair Corr
0.86	NQGAX	Nuveen Nwq Global	Pair Corr
0.81	FAFJX	Nuveen Limited Term	Pair Corr
0.87	NQGIX	Nuveen Nwq Global	Pair Corr
0.81	FAMAX	Nuveen Minnesota Int	Pair Corr
1.0	FSCCX	First American Investment	Pair Corr
1.0	FSCVX	Nuveen Small Cap	Pair Corr
1.0	FSCWX	Nuveen Small Cap	Pair Corr
0.82	FSEIX	Nuveen Mid Cap	Pair Corr
0.79	FAQIX	Nuveen Dividend Value	Pair Corr
0.72	FARCX	Nuveen Real Estate	Pair Corr
0.87	FSHAX	Nuveen Short Term	Pair Corr
0.76	FSFRX	Nuveen Strategic Income	Pair Corr

Related Correlations Analysis

	FIMPX	IRFAX	HFCGX	FACSX	AINTX	NSCRX	NSCFX	PJIZX	HRVIX	WTSGX
FIMPX		0.28	0.52	0.71	0.65	0.76	0.75	0.59	0.34	0.57	FIMPX
IRFAX	0.28		0.91	0.8	0.82	0.79	0.8	0.9	0.95	0.85	IRFAX
HFCGX	0.52	0.91		0.88	0.87	0.91	0.92	0.93	0.95	0.93	HFCGX
FACSX	0.71	0.8	0.88		0.96	0.98	0.98	0.93	0.8	0.79	FACSX
AINTX	0.65	0.82	0.87	0.96		0.95	0.95	0.96	0.79	0.79	AINTX
NSCRX	0.76	0.79	0.91	0.98	0.95		1.0	0.94	0.82	0.87	NSCRX
NSCFX	0.75	0.8	0.92	0.98	0.95	1.0		0.94	0.82	0.87	NSCFX
PJIZX	0.59	0.9	0.93	0.93	0.96	0.94	0.94		0.88	0.89	PJIZX
HRVIX	0.34	0.95	0.95	0.8	0.79	0.82	0.82	0.88		0.92	HRVIX
WTSGX	0.57	0.85	0.93	0.79	0.79	0.87	0.87	0.89	0.92		WTSGX
	FIMPX	IRFAX	HFCGX	FACSX	AINTX	NSCRX	NSCFX	PJIZX	HRVIX	WTSGX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FIMPX	0.97	0.02	0.02	0.10	1.00	(1.08)	1.86	(1.78)	7.33
IRFAX	0.46	0.18	0.20	1.00	0.20	(0.58)	1.12	(0.84)	2.72
HFCGX	0.55	0.08	0.09	0.20	0.35	(0.66)	1.64	(0.75)	3.62
FACSX	0.87	0.38	0.53	0.58	0.00	(1.12)	1.64	(1.15)	18.46
AINTX	0.80	0.38	0.41	1.84	0.00	(1.06)	1.68	(1.04)	15.77
NSCRX	0.95	0.21	0.23	0.26	0.63	(1.16)	2.63	(1.49)	10.64
NSCFX	0.95	0.21	0.23	0.26	0.63	(1.15)	2.64	(1.49)	10.41
PJIZX	0.71	0.36	0.48	0.60	0.00	(0.91)	1.57	(1.00)	11.07
HRVIX	0.75	0.14	0.16	0.21	0.48	(0.86)	2.21	(1.45)	4.93
WTSGX	0.87	0.08	0.08	0.15	0.93	(0.94)	1.88	(1.89)	5.68

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Nuveen Small Correlations

Nuveen Small Correlation With Market

Almost no diversification

Moving together with Nuveen Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

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