Nationwide Investor Correlations

Mutual Funds USA . 
Fund . Nationwide Investor Destinations
GAFRX Fund  USD 9.22  0.01  0.11%   
The current 90-days correlation between Nationwide Investor and Nationwide Investor Destinations is 0.72 (i.e., Poor 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

Almost no diversification

The correlation between Nationwide Investor Destinatio and DJI is 0.92 (i.e., Almost no 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 Risk vs Return 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 metropolitan statistical area.

Moving together with Nationwide Mutual Fund

  0.95GCFRX Nationwide InvestorPairCorr
  0.98NADCX Nationwide InvestorPairCorr
  0.98NADMX Nationwide InvestorPairCorr
  0.99GGEAX Nationwide Global EquityPairCorr
  0.98GGEIX Nationwide Global EquityPairCorr
  0.98GGFRX Nationwide GrowthPairCorr
  0.99GGESX Nationwide Global EquityPairCorr
  0.98NSDMX Nationwide InvestorPairCorr
  0.98NSDCX Nationwide InvestorPairCorr
  0.99NTDAX Nationwide DestinationPairCorr
  1.0NTDIX Nationwide DestinationPairCorr
  1.0NTDTX Nationwide DestinationPairCorr
  1.0NTDSX Nationwide DestinationPairCorr
  0.95GIIAX Nationwide InternationalPairCorr
  0.97GIIRX Nationwide InternationalPairCorr
  0.95GIMCX Nationwide InvestorPairCorr
  0.97GIXIX Nationwide InternationalPairCorr
  0.95NUSAX Nationwide GovernmentPairCorr
  0.98NDAAX Nationwide InvestorPairCorr
  0.94NDCAX Nationwide InvestorPairCorr
  1.0NDASX Nationwide InvestorPairCorr
  0.95NDCSX Nationwide InvestorPairCorr
  0.98NDMSX Nationwide InvestorPairCorr
  0.99NDMAX Nationwide InvestorPairCorr
  0.62NWAWX Nationwide Gqg QualityPairCorr
  0.65NWAVX Nationwide Gqg QualityPairCorr
  1.0NWATX Nationwide DestinationPairCorr
  0.64NWAYX Nationwide Gqg QualityPairCorr
  0.98NWBIX Nationwide DestinationPairCorr
  1.0NWABX Nationwide Fund6PairCorr
  0.98NWAEX Nationwide Bny MellonPairCorr
  0.98NWADX Nationwide Loomis AllPairCorr
  0.97NWAJX Nationwide AllianzgiPairCorr
  0.96NWAHX Nationwide AllianzgiPairCorr
  0.97NWAGX Nationwide AllianzgiPairCorr
  0.99NWANX Nationwide Bny MellonPairCorr
  0.99NWAMX Nationwide MellonPairCorr
  0.97NWALX Nationwide Bny MellonPairCorr
  0.97NWAKX Nationwide AllianzgiPairCorr

Related Correlations Analysis

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 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCFRX  0.20  0.02 (0.25) 0.24  0.00 
(0.27)
 0.51 
(0.31)
 1.46 
NADCX  0.28  0.09 (0.09)(4.95) 0.18 
(0.34)
 0.77 
(0.51)
 1.94 
NADMX  0.36  0.13  0.00 (3.90) 0.16 
(0.42)
 1.22 
(0.70)
 2.44 
GGEAX  0.61  0.13  0.11  0.29  0.50 
(0.72)
 1.78 
(1.25)
 4.21 
GGEIX  0.62  0.26  0.13 (2.28) 0.48 
(0.73)
 1.78 
(1.28)
 4.24 
GGFRX  0.67  0.24  0.10 (2.90) 0.60 
(0.75)
 2.13 
(1.20)
 5.02 
GGESX  0.62  0.12  0.12  0.28  0.49 
(0.70)
 1.77 
(1.28)
 4.18 
NSDMX  0.37  0.14  0.01 (3.67) 0.16 
(0.43)
 1.12 
(0.70)
 2.54 
NSDCX  0.28  0.10 (0.08)(2.20) 0.04 
(0.35)
 0.74 
(0.52)
 1.92 
NTDAX  0.50  0.22  0.10 (3.15) 0.30 
(0.56)
 1.62 
(1.19)
 3.41 

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY