Nationwide International Correlations

GIIRX Fund

USD 8.79 0.03 0.34%

The current 90-days correlation between Nationwide International and Center St Mlp is 0.17 (i.e., Average diversification). The correlation of Nationwide International 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.

Nationwide International Correlation With Market

Very weak diversification

The correlation between Nationwide International Index and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nationwide International Index and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide International Index. 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 metropolitan statistical area.

Moving together with Nationwide Mutual Fund

0.75	GCFRX	Nationwide Investor	Pair Corr
0.93	GIIAX	Nationwide International	Pair Corr
0.71	GIMCX	Nationwide Investor	Pair Corr
1.0	GIXIX	Nationwide International	Pair Corr
0.7	NDCAX	Nationwide Investor	Pair Corr
0.72	NDCSX	Nationwide Investor	Pair Corr
0.94	NWAJX	Nationwide Allianzgi	Pair Corr
0.94	NWAKX	Nationwide Allianzgi	Pair Corr
0.76	NWCIX	Nationwide E Plus	Pair Corr
0.78	NWCSX	Nationwide E Plus	Pair Corr

Moving against Nationwide Mutual Fund

0.73	NUSAX	Nationwide Government	Pair Corr
0.35	NDAAX	Nationwide Investor	Pair Corr
0.35	NDASX	Nationwide Investor	Pair Corr
0.66	NWADX	Nationwide Loomis All	Pair Corr
0.6	NWAPX	Nationwide Bny Mellon	Pair Corr
0.58	NWABX	Nationwide Fund6	Pair Corr
0.57	NWALX	Nationwide Bny Mellon	Pair Corr
0.57	NWAOX	Nationwide Bny Mellon	Pair Corr
0.57	NWFAX	Nationwide Fund Class	Pair Corr
0.56	NWAWX	Nationwide Gqg Quality	Pair Corr
0.56	NWAVX	Nationwide Gqg Quality	Pair Corr
0.47	NWAEX	Nationwide Bny Mellon	Pair Corr
0.32	NWATX	Nationwide Destination	Pair Corr
0.32	NWASX	Nationwide Destination	Pair Corr

Related Correlations Analysis

	CCCCX	USCAX	ABVCX	IPSAX	EICVX	FBMPX	MSTXX
CCCCX		0.73	0.9	0.83	0.8	0.84	0.34	CCCCX
USCAX	0.73		0.85	0.85	0.77	0.75	0.09	USCAX
ABVCX	0.9	0.85		0.97	0.88	0.94	0.38	ABVCX
IPSAX	0.83	0.85	0.97		0.87	0.94	0.3	IPSAX
EICVX	0.8	0.77	0.88	0.87		0.79	0.27	EICVX
FBMPX	0.84	0.75	0.94	0.94	0.79		0.37	FBMPX
MSTXX	0.34	0.09	0.38	0.3	0.27	0.37		MSTXX
	CCCCX	USCAX	ABVCX	IPSAX	EICVX	FBMPX	MSTXX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Nationwide Mutual Fund performing well and Nationwide International 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 Nationwide International'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
CCCCX	0.66	0.20	0.20	0.48	0.24	(0.82)	1.36	(0.88)	3.85
USCAX	0.94	0.07	(0.03)	0.66	0.94	(1.13)	2.26	(1.70)	7.45
ABVCX	0.54	0.13	0.01	(16.86)	0.29	(0.69)	1.27	(0.80)	3.88
IPSAX	0.40	0.04	(0.14)	(4.59)	0.44	(0.45)	0.75	(0.74)	2.42
EICVX	0.48	0.00	(0.10)	0.12	0.37	(0.56)	1.09	(0.71)	2.12
FBMPX	0.75	0.14	0.00	(0.67)	0.83	(0.75)	1.59	(1.72)	4.09
MSTXX	0.03	0.01	0.00	(0.12)	0.00	0.00	0.00	0.00	1.01

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC