Nationwide Global Correlations

Mutual Funds . USA . 
Fund . Nationwide Global Equity
GGEIX Fund  USD 24.61  0.17  0.69%   
The current 90-days correlation between Nationwide Global Equity and Jhancock Global Equity is -0.22 (i.e., Very good diversification). The correlation of Nationwide Global 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 Global Correlation With Market

Significant diversification

The correlation between Nationwide Global Equity and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nationwide Global Equity 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 Global Equity. 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 gross domestic product.

Moving together with Nationwide Mutual Fund

  0.65GGEAX Nationwide Global EquityPairCorr
  0.61GGESX Nationwide Global EquityPairCorr
  0.62NSDMX Nationwide InvestorPairCorr
  0.62NTDIX Nationwide DestinationPairCorr
  0.97NTDTX Nationwide DestinationPairCorr
  0.65GIIRX Nationwide InternationalPairCorr
  0.65GIXIX Nationwide InternationalPairCorr
  0.96NUSAX Nationwide GovernmentPairCorr
  0.62NDASX Nationwide InvestorPairCorr
  0.72NWAUX Nationwide Gqg QualityPairCorr
  0.62NWBIX Nationwide DestinationPairCorr
  0.96NWABX Nationwide Fund6PairCorr
  0.99NWAEX Nationwide Bny MellonPairCorr
  0.61NWAJX Nationwide AllianzgiPairCorr
  0.61NWAHX Nationwide AllianzgiPairCorr
  0.68NWAGX Nationwide AllianzgiPairCorr
  0.65NWAKX 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 Global 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 Global'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.

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