Nuveen Strategic Correlations

FSFRX Fund

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The current 90-days correlation between Nuveen Strategic Income and Nuveen Kansas Municipal is 0.68 (i.e., Poor diversification). The correlation of Nuveen Strategic 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 Strategic Correlation With Market

Very poor diversification

The correlation between Nuveen Strategic Income and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Strategic Income 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 Strategic Income. 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 real.

Moving together with Nuveen Mutual Fund

0.9	TEMRX	Tiaa Cref Emerging	Pair Corr
0.89	TEQLX	Tiaa Cref Emerging	Pair Corr
0.8	EMGRX	Nuveen Small Cap	Pair Corr
0.9	FREAX	Nuveen Real Estate	Pair Corr
0.9	FREGX	Nuveen Real Estate	Pair Corr
0.96	NPSAX	Nuveen Preferred Sec	Pair Corr
0.96	NPSFX	Nuveen Preferred Sec	Pair Corr
0.96	NPSCX	Nuveen Preferred Sec	Pair Corr
0.97	NPSRX	Nuveen Preferred Sec	Pair Corr
0.96	FRKSX	Nuveen Kansas Municipal	Pair Corr
0.64	FRMPX	Nuveen Small Cap	Pair Corr
0.9	FRLCX	Nuveen Real Estate	Pair Corr
0.77	FRSLX	Nuveen Mid Cap	Pair Corr
0.93	FAARX	Nuveen All American	Pair Corr
0.86	NQCCX	Nuveen Nwq Large	Pair Corr
0.89	NQCAX	Nuveen Nwq Large	Pair Corr
0.93	FAAWX	Nuveen All American	Pair Corr
0.82	FACSX	Nuveen Mid Cap	Pair Corr
0.92	FACCX	Nuveen All American	Pair Corr
0.89	NQCRX	Nuveen Nwq Large	Pair Corr
0.9	FAFPX	Nuveen Missouri Municipal	Pair Corr
0.94	FAFOX	Nuveen Kansas Municipal	Pair Corr
0.9	FAFNX	Nuveen Michigan Municipal	Pair Corr
0.95	NQGCX	Nuveen Nwq Global	Pair Corr
0.88	FAFMX	Nuveen Ohio Municipal	Pair Corr
0.94	FAFLX	Nuveen Louisiana Mun	Pair Corr
0.87	FAFKX	Nuveen Orado Municipal	Pair Corr
0.95	NQGAX	Nuveen Nwq Global	Pair Corr
0.94	FAFJX	Nuveen Limited Term	Pair Corr
0.95	NQGIX	Nuveen Nwq Global	Pair Corr
0.96	FAMAX	Nuveen Minnesota Int	Pair Corr
0.97	FAMTX	Nuveen Minnesota Int	Pair Corr
0.84	FSCCX	First American Investment	Pair Corr
0.84	FSCVX	Nuveen Small Cap	Pair Corr
0.84	FSCWX	Nuveen Small Cap	Pair Corr
0.84	FSCAX	Nuveen Small Cap	Pair Corr
0.83	FSEIX	Nuveen Mid Cap	Pair Corr
0.82	FAQIX	Nuveen Dividend Value	Pair Corr
0.9	FARCX	Nuveen Real Estate	Pair Corr
0.83	FASEX	Nuveen Mid Cap	Pair Corr

Related Correlations Analysis

	TEMRX	TEQLX	EMGRX	FREAX	FREGX	NPSAX	NPSFX	NPSCX	NPSRX	FRKSX
TEMRX		1.0	0.78	0.86	0.86	0.91	0.9	0.91	0.91	0.92	TEMRX
TEQLX	1.0		0.77	0.86	0.86	0.9	0.89	0.9	0.9	0.92	TEQLX
EMGRX	0.78	0.77		0.78	0.77	0.89	0.89	0.9	0.89	0.73	EMGRX
FREAX	0.86	0.86	0.78		1.0	0.87	0.86	0.87	0.87	0.92	FREAX
FREGX	0.86	0.86	0.77	1.0		0.86	0.86	0.87	0.87	0.93	FREGX
NPSAX	0.91	0.9	0.89	0.87	0.86		1.0	1.0	1.0	0.92	NPSAX
NPSFX	0.9	0.89	0.89	0.86	0.86	1.0		1.0	1.0	0.91	NPSFX
NPSCX	0.91	0.9	0.9	0.87	0.87	1.0	1.0		1.0	0.91	NPSCX
NPSRX	0.91	0.9	0.89	0.87	0.87	1.0	1.0	1.0		0.92	NPSRX
FRKSX	0.92	0.92	0.73	0.92	0.93	0.92	0.91	0.91	0.92		FRKSX
	TEMRX	TEQLX	EMGRX	FREAX	FREGX	NPSAX	NPSFX	NPSCX	NPSRX	FRKSX

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Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Strategic 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 Strategic'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
TEMRX	0.70	0.13	0.12	0.27	0.61	(0.78)	1.50	(1.22)	4.63
TEQLX	0.66	0.13	0.13	0.28	0.47	(0.80)	1.30	(1.02)	4.35
EMGRX	0.88	0.09	0.10	0.15	0.79	(1.04)	2.02	(1.65)	5.31
FREAX	0.62	0.13	0.12	0.43	0.54	(0.71)	1.53	(1.15)	5.07
FREGX	0.60	0.13	0.11	0.48	0.55	(0.66)	1.46	(1.17)	4.97
NPSAX	0.09	0.02	(0.25)	0.60	0.00	(0.15)	0.19	(0.13)	0.80
NPSFX	0.09	0.02	(0.33)	0.62	0.00	(0.13)	0.19	(0.12)	0.87
NPSCX	0.08	0.02	(0.28)	0.52	0.00	(0.13)	0.19	(0.12)	0.74
NPSRX	0.09	0.02	(0.35)	0.88	0.00	(0.14)	0.19	(0.06)	0.87
FRKSX	0.06	0.01	(0.22)	0.79	0.00	(0.13)	0.10	(0.10)	0.60

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Nuveen Strategic Correlations

Nuveen Strategic Correlation With Market

Very poor diversification

Moving together with Nuveen Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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