Nationwide International Correlations

Mutual Funds . USA . 
Fund . Nationwide International Small
NWXUX Fund  USD 11.10  0.02  0.18%   
The current 90-days correlation between Nationwide International and Adams Diversified Equity is -0.2 (i.e., Good 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 Small and DJI is 0.53 (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 Small 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 International Small. 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 employment.

Moving together with Nationwide Mutual Fund

  0.94GCFRX Nationwide InvestorPairCorr
  0.96NADCX Nationwide InvestorPairCorr
  0.96NADMX Nationwide InvestorPairCorr
  0.98GGEAX Nationwide Global EquityPairCorr
  0.97GGEIX Nationwide Global EquityPairCorr
  0.96GGFRX Nationwide GrowthPairCorr
  0.98GGESX Nationwide Global EquityPairCorr
  0.96NSDMX Nationwide InvestorPairCorr
  0.96NSDCX Nationwide InvestorPairCorr
  0.97NTDAX Nationwide DestinationPairCorr
  0.97NTDIX Nationwide DestinationPairCorr
  0.97NTDTX Nationwide DestinationPairCorr
  0.97NTDSX Nationwide DestinationPairCorr
  0.93GIIAX Nationwide InternationalPairCorr
  0.96GIIRX Nationwide InternationalPairCorr
  0.94GIMCX Nationwide InvestorPairCorr
  0.97GIXIX Nationwide InternationalPairCorr
  0.98NUSAX Nationwide GovernmentPairCorr
  0.96NDAAX Nationwide InvestorPairCorr
  0.92NDCAX Nationwide InvestorPairCorr
  0.97NDASX Nationwide InvestorPairCorr
  0.94NDCSX Nationwide InvestorPairCorr
  0.96NDMSX Nationwide InvestorPairCorr
  0.96NDMAX Nationwide InvestorPairCorr
  0.64NWAWX Nationwide Gqg QualityPairCorr
  0.69NWAVX Nationwide Gqg QualityPairCorr
  0.97NWATX Nationwide DestinationPairCorr
  0.67NWAYX Nationwide Gqg QualityPairCorr
  0.97NWBIX Nationwide DestinationPairCorr
  0.96NWABX Nationwide Fund6PairCorr
  0.96NWAEX Nationwide Bny MellonPairCorr
  0.97NWADX Nationwide Loomis AllPairCorr
  0.97NWAJX Nationwide AllianzgiPairCorr
  0.97NWAHX Nationwide AllianzgiPairCorr
  0.97NWAGX Nationwide AllianzgiPairCorr
  0.96NWANX Nationwide Bny MellonPairCorr
  0.96NWAMX Nationwide MellonPairCorr
  0.95NWALX 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 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.

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