Nebraska Tax-free Correlations

Mutual Funds . USA . 
Fund . Nebraska Tax Free Income
WNTFX Fund  USD 9.65  0.01  0.10%   
The current 90-days correlation between Nebraska Tax Free and Partners Iii Opportunity is 0.18 (i.e., Average diversification). The correlation of Nebraska Tax-free 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.

Nebraska Tax-free Correlation With Market

Average diversification

The correlation between Nebraska Tax Free Income and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nebraska Tax Free Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Nebraska Tax Free Income. 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 census.

Moving together with Nebraska Mutual Fund

  0.95SAFEX Weitz Ultra ShortPairCorr
  0.94WSHNX Short Duration IncomePairCorr
  0.96WBALX Balanced Fund BalancedPairCorr
  0.9WBAIX Weitz BalancedPairCorr
  0.79WCPBX Core Plus IncomePairCorr
  0.78WCPNX Core Plus IncomePairCorr
  0.88WVAIX Value Fund ValuePairCorr
  0.69WVALX Value Fund ValuePairCorr
  0.96WEFIX Short Duration IncomePairCorr
  0.9WPOIX Partners Iii OpportunityPairCorr
  0.7WPOPX Partners Iii OpportunityPairCorr
  0.69WPVLX Partners ValuePairCorr
  0.88WPVIX Partners ValuePairCorr
  0.84ANIYX New York MunicipalPairCorr
  0.83SNNYX New York MunicipalPairCorr
  0.77LTBYX Opnhmr RchstrPairCorr
  0.76IORMX Aim Taxexempt FundsPairCorr
  0.66LTNCX Oppenheimer RochesterPairCorr
  0.76LTNYX Opnhmr RchstrPairCorr
  0.83ANMCX New York MunicipalPairCorr
  0.84ANIAX New York MunicipalPairCorr
  0.97SNCAX California MunicipalPairCorr
  0.78AICYX California MunicipalPairCorr
  0.96DXQLX Direxion Monthly NasdaqPairCorr
  0.96RYVLX Nasdaq 100 2xPairCorr
  0.96RYVYX Nasdaq 100 2xPairCorr
  0.96UOPIX Ultra Nasdaq 100PairCorr
  0.96RYCCX Nasdaq 100 2xPairCorr
  0.96UOPSX Ultranasdaq 100 ProfundPairCorr
  0.95INPIX Internet UltrasectorPairCorr
  0.94INPSX Internet UltrasectorPairCorr
  0.76BIPIX Biotechnology UltrasectorPairCorr
  0.94TWEMX Thomas White EmergingPairCorr
  0.97BRXSX Mfs Blended ResearchPairCorr
  0.68PNRAX Putnam ResearchPairCorr
  0.93LMGCX Lord Abbett GrowthPairCorr
  0.99MTLCX Mfs Municipal LimitedPairCorr
  0.7RNPEX New PerspectivePairCorr
  0.76CUURX Columbia Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Nebraska Mutual Fund performing well and Nebraska Tax-free 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 Nebraska Tax-free'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.

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