Nationwide Loomis Correlations

Mutual Funds . USA . 
Fund . Nationwide Loomis All
NWADX Fund  USD 21.13  0.16  0.76%   
The current 90-days correlation between Nationwide Loomis All and Global Resources Fund is -0.14 (i.e., Good diversification). The correlation of Nationwide Loomis 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 Loomis Correlation With Market

Poor diversification

The correlation between Nationwide Loomis All and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nationwide Loomis All 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 Loomis All. 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 unemployment.

Moving together with Nationwide Mutual Fund

  0.63GCFRX Nationwide InvestorPairCorr
  0.64NADCX Nationwide InvestorPairCorr
  0.65NADMX Nationwide InvestorPairCorr
  0.67GGEAX Nationwide Global EquityPairCorr
  0.68GGEIX Nationwide Global EquityPairCorr
  0.71GGFRX Nationwide GrowthPairCorr
  0.67GGESX Nationwide Global EquityPairCorr
  0.66NSDMX Nationwide InvestorPairCorr
  0.66NSDCX Nationwide InvestorPairCorr
  0.66NTDAX Nationwide DestinationPairCorr
  0.66NTDIX Nationwide DestinationPairCorr
  0.66NTDTX Nationwide DestinationPairCorr
  0.66NTDSX Nationwide DestinationPairCorr
  0.8GIIRX Nationwide InternationalPairCorr
  0.65GIMCX Nationwide InvestorPairCorr
  0.66NUSAX Nationwide GovernmentPairCorr
  0.99NDAAX Nationwide InvestorPairCorr
  0.66NDASX Nationwide InvestorPairCorr
  0.77NDCSX Nationwide InvestorPairCorr
  0.99NDMSX Nationwide InvestorPairCorr
  0.99NDMAX Nationwide InvestorPairCorr
  0.99NWATX Nationwide DestinationPairCorr
  0.66NWBIX Nationwide DestinationPairCorr
  0.83NWABX Nationwide Fund6PairCorr
  0.71NWAEX Nationwide Bny MellonPairCorr
  0.97NWAJX Nationwide AllianzgiPairCorr
  0.82NWAGX Nationwide AllianzgiPairCorr
  0.83NWANX Nationwide Bny MellonPairCorr
  0.97NWAMX Nationwide MellonPairCorr
  0.7NWALX 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 Loomis 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 Loomis' 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