Nuveen Oregon Correlations

Mutual Funds . USA . 
Fund . Nuveen Oregon Intermediate
FOTAX Fund  USD 9.84  0.01  0.10%   
The current 90-days correlation between Nuveen Oregon Interm and Oil Gas Ultrasector is -0.05 (i.e., Good diversification). The correlation of Nuveen Oregon 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 Oregon Correlation With Market

Very good diversification

The correlation between Nuveen Oregon Intermediate and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Oregon Intermediate 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 Oregon Intermediate. 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

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  0.97FAFPX Nuveen Missouri MunicipalPairCorr
  0.84FAFOX Nuveen Kansas MunicipalPairCorr
  0.72FAFMX Nuveen Ohio MunicipalPairCorr
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  0.95FAFKX Nuveen Orado MunicipalPairCorr
  0.68FAFJX Nuveen Limited TermPairCorr
  0.97FAMAX Nuveen Minnesota IntPairCorr
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Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
SEPCX
+ 0.94
PNRCX
PEO
+ 0.89
ENPSX
CGAEX
+ 0.82
GMOWX
PNRCX
+ 0.81
PEO
SEPCX
+ 0.78
PEO
SEPCX
+ 0.68
GMOWX
  
High negative correlations   
CGAEX
- 0.28
ENPSX
CGAEX
- 0.03
PEO

Risk-Adjusted Indicators

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