Nuveen Nwq Correlations

NQVAX Fund

USD 56.71 0.40 0.70%

The current 90-days correlation between Nuveen Nwq Multi and Precious Metals And is 0.11 (i.e., Average diversification). The correlation of Nuveen Nwq 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 Nwq Correlation With Market

Weak diversification

The correlation between Nuveen Nwq Multi Cap and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Nwq Multi Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Nwq Multi 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

0.89	EMGRX	Nuveen Small Cap	Pair Corr
0.87	FRMPX	Nuveen Small Cap	Pair Corr
0.84	FRSLX	Nuveen Mid Cap	Pair Corr
0.72	NQCCX	Nuveen Nwq Large	Pair Corr
0.81	NQCAX	Nuveen Nwq Large	Pair Corr
0.75	FACSX	Nuveen Mid Cap	Pair Corr
0.81	NQCRX	Nuveen Nwq Large	Pair Corr
0.79	NQGCX	Nuveen Nwq Global	Pair Corr
0.79	NQGAX	Nuveen Nwq Global	Pair Corr
0.79	NQGIX	Nuveen Nwq Global	Pair Corr
0.93	FSCCX	First American Investment	Pair Corr
0.92	FSCVX	Nuveen Small Cap	Pair Corr
0.93	FSCWX	Nuveen Small Cap	Pair Corr
0.92	FSCAX	Nuveen Small Cap	Pair Corr
0.78	FSEIX	Nuveen Mid Cap	Pair Corr
0.77	FASEX	Nuveen Mid Cap	Pair Corr

Related Correlations Analysis

	UIPMX	GLDAX	VGSBX	GLRBX	IOGYX	UNWPX	FEGOX
UIPMX		0.94	0.36	0.42	0.98	0.86	0.94	UIPMX
GLDAX	0.94		0.44	0.44	0.93	0.8	0.99	GLDAX
VGSBX	0.36	0.44		0.69	0.46	0.04	0.41	VGSBX
GLRBX	0.42	0.44	0.69		0.45	0.07	0.46	GLRBX
IOGYX	0.98	0.93	0.46	0.45		0.83	0.93	IOGYX
UNWPX	0.86	0.8	0.04	0.07	0.83		0.81	UNWPX
FEGOX	0.94	0.99	0.41	0.46	0.93	0.81		FEGOX
	UIPMX	GLDAX	VGSBX	GLRBX	IOGYX	UNWPX	FEGOX

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Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Nwq 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 Nwq'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
UIPMX	1.33	(0.11)	(0.22)	2.57	(3.27)	7.60
GLDAX	1.27	(0.16)	(0.97)	2.57	(2.88)	8.37
VGSBX	0.24	(0.02)	4.59	0.43	(0.54)	1.83
GLRBX	0.39	(0.02)	(0.25)	0.63	(0.90)	3.20
IOGYX	1.32	(0.13)	(0.26)	2.61	(2.81)	8.99
UNWPX	1.26	(0.09)	(0.46)	2.67	(2.50)	6.71
FEGOX	1.23	(0.15)	(0.93)	2.13	(3.02)	7.79

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Nuveen Nwq Correlations

Nuveen Nwq Correlation With Market

Weak diversification

Moving together with Nuveen Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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