Nationwide Small Correlations
| GMRIX Fund | USD 11.32 0.07 0.61% |
The correlation of Nationwide Small 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 Small Correlation With Market
Poor diversification
The correlation between Nationwide Small Cap and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nationwide Small Cap and DJI in the same portfolio, assuming nothing else is changed.
Nationwide |
Moving together with Nationwide Mutual Fund
| 0.67 | NADMX | Nationwide Investor | PairCorr |
| 0.8 | GGEAX | Nationwide Global Equity | PairCorr |
| 0.72 | GGEIX | Nationwide Global Equity | PairCorr |
| 0.87 | GGFRX | Nationwide Growth | PairCorr |
| 0.8 | GGESX | Nationwide Global Equity | PairCorr |
| 0.67 | NSDMX | Nationwide Investor | PairCorr |
| 0.61 | NSDCX | Nationwide Investor | PairCorr |
| 0.7 | NTDAX | Nationwide Destination | PairCorr |
| 0.69 | NTDIX | Nationwide Destination | PairCorr |
| 0.7 | NTDTX | Nationwide Destination | PairCorr |
| 0.7 | NTDSX | Nationwide Destination | PairCorr |
| 0.71 | NDAAX | Nationwide Investor | PairCorr |
| 0.71 | NDASX | Nationwide Investor | PairCorr |
| 0.7 | NDMSX | Nationwide Investor | PairCorr |
| 0.7 | NDMAX | Nationwide Investor | PairCorr |
| 0.79 | NWAWX | Nationwide Gqg Quality | PairCorr |
| 0.79 | NWAVX | Nationwide Gqg Quality | PairCorr |
| 0.79 | NWAUX | Nationwide Gqg Quality | PairCorr |
| 0.72 | NWATX | Nationwide Destination | PairCorr |
| 0.79 | NWAYX | Nationwide Gqg Quality | PairCorr |
| 0.92 | NWABX | Nationwide Fund6 | PairCorr |
| 0.86 | NWAEX | Nationwide Bny Mellon | PairCorr |
| 0.89 | NWADX | Nationwide Loomis All | PairCorr |
Moving against Nationwide Mutual Fund
| 0.71 | NUSAX | Nationwide Government | PairCorr |
| 0.55 | GIIAX | Nationwide International | PairCorr |
| 0.54 | GIXIX | Nationwide International | PairCorr |
| 0.53 | GIIRX | Nationwide International | PairCorr |
| 0.56 | NWAGX | Nationwide Allianzgi | PairCorr |
| 0.54 | NWAHX | Nationwide Allianzgi | PairCorr |
| 0.53 | NWAJX | Nationwide Allianzgi | PairCorr |
| 0.53 | NWAKX | Nationwide Allianzgi | PairCorr |
| 0.51 | NWCIX | Nationwide E Plus | PairCorr |
| 0.51 | NWCSX | Nationwide E Plus | PairCorr |
| 0.51 | NWCPX | Nationwide E Plus | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ELMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AEYXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PFCXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | STPXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ICAXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MODXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JRSXX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Nationwide Mutual Fund performing well and Nationwide Small 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 Small'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AEYXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PFCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STPXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ICAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MODXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JRSXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |