Nationwide Investor Correlations

NWWLX Fund

USD 10.13 0.02 0.20%

The current 90-days correlation between Nationwide Investor and T Rowe Price is 0.12 (i.e., Average diversification). The correlation of Nationwide Investor 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 Investor Correlation With Market

Average diversification

The correlation between Nationwide Investor Destinatio and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nationwide Investor Destinatio 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 Nationwide Investor Destinations. 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 bureau of economic analysis.

Moving together with Nationwide Mutual Fund

0.93	GCFRX	Nationwide Investor	Pair Corr
0.86	NBDAX	Nationwide Bond	Pair Corr
0.69	GIIAX	Nationwide International	Pair Corr
0.69	GIIRX	Nationwide International	Pair Corr
0.92	GIMCX	Nationwide Investor	Pair Corr
0.69	GIXIX	Nationwide International	Pair Corr
0.92	NDCAX	Nationwide Investor	Pair Corr
0.93	NDCSX	Nationwide Investor	Pair Corr

Moving against Nationwide Mutual Fund

0.46	NUSAX	Nationwide Government	Pair Corr
0.38	NWADX	Nationwide Loomis All	Pair Corr
0.33	NWABX	Nationwide Fund6	Pair Corr

Related Correlations Analysis

	PATFX	BIDPX	PRFHX	TFBIX	GTFBX	BBINX	MBSAX
PATFX		0.95	1.0	0.97	0.97	0.95	0.74	PATFX
BIDPX	0.95		0.94	0.97	0.99	0.99	0.81	BIDPX
PRFHX	1.0	0.94		0.98	0.97	0.94	0.73	PRFHX
TFBIX	0.97	0.97	0.98		0.99	0.96	0.75	TFBIX
GTFBX	0.97	0.99	0.97	0.99		0.97	0.78	GTFBX
BBINX	0.95	0.99	0.94	0.96	0.97		0.78	BBINX
MBSAX	0.74	0.81	0.73	0.75	0.78	0.78		MBSAX
	PATFX	BIDPX	PRFHX	TFBIX	GTFBX	BBINX	MBSAX

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Risk-Adjusted Indicators

There is a big difference between Nationwide Mutual Fund performing well and Nationwide Investor 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 Investor'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
PATFX	0.15	0.01	(0.28)	0.02	0.23	(0.24)	0.44	(0.35)	1.69
BIDPX	0.14	0.01	(0.33)	0.02	0.22	(0.18)	0.27	(0.45)	1.36
PRFHX	0.15	0.01	(0.28)	(0.01)	0.22	(0.23)	0.44	(0.44)	1.61
TFBIX	0.15	0.01	(0.31)	(0.01)	0.21	(0.22)	0.40	(0.39)	1.58
GTFBX	0.17	0.01	(0.31)	0.00	0.24	(0.26)	0.46	(0.45)	1.65
BBINX	0.11	0.00	(0.44)	0.10	0.16	(0.18)	0.29	(0.29)	1.07
MBSAX	0.21	(0.01)	(0.36)	0.05	0.23	(0.23)	0.37	(0.44)	1.48

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