Nuveen Global Correlations

FGIAX Fund

USD 12.84 0.04 0.31%

The current 90-days correlation between Nuveen Global Infras and Lazard Global Listed is 0.64 (i.e., Poor diversification). The correlation of Nuveen Global 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 Global Correlation With Market

Modest diversification

The correlation between Nuveen Global Infrastructure and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Global Infrastructure 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 Global Infrastructure. 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

0.61	EMGRX	Nuveen Small Cap	Pair Corr
0.64	FRSLX	Nuveen Mid Cap	Pair Corr
0.65	NQCCX	Nuveen Nwq Large	Pair Corr
0.65	NQCAX	Nuveen Nwq Large	Pair Corr
0.69	FACSX	Nuveen Mid Cap	Pair Corr
0.65	NQCRX	Nuveen Nwq Large	Pair Corr
0.65	NQGCX	Nuveen Nwq Global	Pair Corr
0.67	NQGAX	Nuveen Nwq Global	Pair Corr
0.67	NQGIX	Nuveen Nwq Global	Pair Corr
0.69	FSEIX	Nuveen Mid Cap	Pair Corr
0.71	FAQIX	Nuveen Dividend Value	Pair Corr
0.69	FASEX	Nuveen Mid Cap	Pair Corr

Moving against Nuveen Mutual Fund

0.33

FAFJX

Nuveen Limited Term

Pair Corr

Related Correlations Analysis

	GLIFX	GLFOX	VCRCX	TOLSX	VCRIX
GLIFX		1.0	0.51	0.22	0.48	GLIFX
GLFOX	1.0		0.5	0.21	0.47	GLFOX
VCRCX	0.51	0.5		0.81	1.0	VCRCX
TOLSX	0.22	0.21	0.81		0.84	TOLSX
VCRIX	0.48	0.47	1.0	0.84		VCRIX
	GLIFX	GLFOX	VCRCX	TOLSX	VCRIX

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Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Global 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 Global'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
GLIFX	0.49	(0.01)	(0.18)	0.09	0.53	(0.51)	1.00	(0.91)	2.24
GLFOX	0.48	(0.01)	(0.17)	0.09	0.53	(0.50)	1.06	(0.91)	2.19
VCRCX	0.45	0.05	(0.09)	0.36	0.42	(0.51)	0.88	(0.95)	2.37
TOLSX	0.46	0.08	(0.03)	0.62	0.45	(0.48)	0.95	(0.97)	2.17
VCRIX	0.45	0.05	(0.08)	0.39	0.43	(0.50)	0.87	(0.94)	2.43

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