Nationwide Ziegler Correlations

NWJFX Fund

USD 101.42 0.20 0.20%

The current 90-days correlation between Nationwide Ziegler Nyse and Nationwide Ziegler Nyse is 1.0 (i.e., No risk reduction). The correlation of Nationwide Ziegler 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 Ziegler Correlation With Market

Good diversification

The correlation between Nationwide Ziegler Nyse and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nationwide Ziegler Nyse 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 Ziegler Nyse. 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 Nationwide Mutual Fund

0.8	NADMX	Nationwide Investor	Pair Corr
0.83	GGEAX	Nationwide Global Equity	Pair Corr
0.83	GGEIX	Nationwide Global Equity	Pair Corr
0.96	GGFRX	Nationwide Growth	Pair Corr
0.83	GGESX	Nationwide Global Equity	Pair Corr
0.81	NSDMX	Nationwide Investor	Pair Corr
0.85	NTDAX	Nationwide Destination	Pair Corr
0.77	NTDIX	Nationwide Destination	Pair Corr
0.85	NTDTX	Nationwide Destination	Pair Corr
0.93	NDAAX	Nationwide Investor	Pair Corr
0.86	NDASX	Nationwide Investor	Pair Corr
0.89	NDMSX	Nationwide Investor	Pair Corr
0.89	NDMAX	Nationwide Investor	Pair Corr
0.79	NWAWX	Nationwide Gqg Quality	Pair Corr
0.8	NWAVX	Nationwide Gqg Quality	Pair Corr
0.71	NWAUX	Nationwide Gqg Quality	Pair Corr
0.86	NWATX	Nationwide Destination	Pair Corr
0.8	NWAYX	Nationwide Gqg Quality	Pair Corr
0.98	NWABX	Nationwide Fund6	Pair Corr
0.96	NWAEX	Nationwide Bny Mellon	Pair Corr
0.96	NWADX	Nationwide Loomis All	Pair Corr

Moving against Nationwide Mutual Fund

0.51	NUSAX	Nationwide Government	Pair Corr
0.45	GIXIX	Nationwide International	Pair Corr
0.44	GIIAX	Nationwide International	Pair Corr
0.42	GIIRX	Nationwide International	Pair Corr
0.45	NWAHX	Nationwide Allianzgi	Pair Corr
0.45	NWAKX	Nationwide Allianzgi	Pair Corr
0.44	NWAJX	Nationwide Allianzgi	Pair Corr
0.44	NWAGX	Nationwide Allianzgi	Pair Corr
0.38	NWCIX	Nationwide E Plus	Pair Corr
0.38	NWCSX	Nationwide E Plus	Pair Corr
0.37	NWCPX	Nationwide E Plus	Pair Corr

Related Correlations Analysis

	NWJCX	NWJDX	FELTX	FELCX	CTYRX
NWJCX		0.0	0.83	0.82	0.0	NWJCX
NWJDX	0.0		0.0	0.0	0.0	NWJDX
FELTX	0.83	0.0		1.0	0.0	FELTX
FELCX	0.82	0.0	1.0		0.0	FELCX
CTYRX	0.0	0.0	0.0	0.0		CTYRX
	NWJCX	NWJDX	FELTX	FELCX	CTYRX

Click cells to compare fundamentals

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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

FELCX	+ 1.0	FELTX
FELTX	+ 0.83	NWJCX
FELCX	+ 0.82	NWJCX
NWJDX	+ 0.0	NWJCX
CTYRX	+ 0.0	NWJCX
FELTX	+ 0.0	NWJDX

High negative correlations

CTYRX	- 0.0	FELCX
CTYRX	- 0.0	FELTX
CTYRX	- 0.0	NWJDX
FELCX	- 0.0	NWJDX
FELTX	- 0.0	NWJDX
CTYRX	- 0.0	NWJCX

Risk-Adjusted Indicators

There is a big difference between Nationwide Mutual Fund performing well and Nationwide Ziegler 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 Ziegler'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
NWJCX	0.91	(0.08)	0.81	1.74	(1.89)	5.13
NWJDX	0.00	0.00	0.00	0.00	0.00	0.00
FELTX	2.02	(0.21)	(0.15)	3.26	(4.99)	15.08
FELCX	2.02	(0.21)	(0.15)	3.28	(4.98)	15.06
CTYRX	0.00	0.00	0.00	0.00	0.00	0.00

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