Nuveen Real Correlations

Mutual Funds . USA . 
Fund . Nuveen Real Asset
NRICX Fund  USD 21.93  0.11  0.50%   
The current 90-days correlation between Nuveen Real Asset and HUMANA INC is 0.1 (i.e., Average diversification). The correlation of Nuveen Real 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 Real Correlation With Market

Modest diversification

The correlation between Nuveen Real Asset and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Real Asset 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 Real Asset. 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 main economic indicators.

Moving together with Nuveen Mutual Fund

  0.62FREAX Nuveen Real EstatePairCorr
  0.62FREGX Nuveen Real EstatePairCorr
  0.64NPSAX Nuveen Preferred SecPairCorr
  0.63NPSFX Nuveen Preferred SecPairCorr
  0.71NPSCX Nuveen Preferred SecPairCorr
  0.63NPSRX Nuveen Preferred SecPairCorr
  0.62FRLCX Nuveen Real EstatePairCorr
  0.62FAFPX Nuveen Missouri MunicipalPairCorr
  0.62FAFNX Nuveen Michigan MunicipalPairCorr
  0.67FAMAX Nuveen Minnesota IntPairCorr
  0.62FALTX Nuveen Short TermPairCorr
  0.62FAMTX Nuveen Minnesota IntPairCorr
  0.62FARCX Nuveen Real EstatePairCorr

Moving against Nuveen Mutual Fund

  0.31FSCCX First American InvestmentPairCorr
  0.31FSCVX Nuveen Small CapPairCorr
  0.31FSCWX Nuveen Small CapPairCorr
  0.31FSCAX Nuveen Small CapPairCorr

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   
KNG
+ 0.88
RRTLX
OSHDF
+ 0.82
VIASP
OSHDF
+ 0.8
SCRYY
RRTLX
+ 0.74
LBHIX
OSHDF
+ 0.74
ID
ID
+ 0.73
SCRYY
  
High negative correlations   
LBHIX
- 0.54
444859BR2
ID
- 0.53
444859BR2
SCRYY
- 0.53
444859BR2
OSHDF
- 0.46
444859BR2
VIASP
- 0.46
444859BR2
KNG
- 0.43
444859BR2

Risk-Adjusted Indicators

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