Nationwide International Correlations

NWXUX Fund

USD 10.05 0.04 0.40%

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

Significant diversification

The correlation between Nationwide International Small and DJI is 0.01 (i.e., Significant 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

0.82	DFISX	International Small Pany	Pair Corr
0.92	VFSNX	Vanguard Ftse All	Pair Corr
0.99	GICIX	Goldman Sachs Intern	Pair Corr
0.99	GIRLX	Goldman Sachs Intern	Pair Corr
0.84	GICUX	Goldman Sachs Intern	Pair Corr
0.79	FISMX	Fidelity International	Pair Corr
0.99	GICCX	Goldman Sachs Intern	Pair Corr
0.99	GICAX	Goldman Sachs Intern	Pair Corr
0.98	MISAX	Victory Trivalent	Pair Corr
0.98	MCISX	Victory Trivalent	Pair Corr
0.72	KO	Coca Cola Sell-off Trend	Pair Corr
0.66	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.63	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Moving against Nationwide Mutual Fund

0.66	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.65	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.65	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.65	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.65	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.32	SMPSX	Semiconductor Ultrasector	Pair Corr
0.32	SMPIX	Semiconductor Ultrasector	Pair Corr
0.8	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.73	BAC	Bank of America Aggressive Push	Pair Corr
0.63	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.53	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.52	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.46	AMGIX	Income Growth	Pair Corr
0.43	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.39	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.36	HPQ	HP Inc	Pair Corr
0.31	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	NWWAX	NWWEX	NWWDX	NWWCX	NWWBX	NWWJX	NWWIX	NWWHX	NWWFX
NWWAX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NWWAX
NWWEX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NWWEX
NWWDX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NWWDX
NWWCX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	NWWCX
NWWBX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NWWBX
NWWJX	0.0	0.0	0.0	0.0	0.0		0.98	0.96	0.0	NWWJX
NWWIX	0.0	0.0	0.0	0.0	0.0	0.98		1.0	0.0	NWWIX
NWWHX	0.0	0.0	0.0	0.0	0.0	0.96	1.0		0.0	NWWHX
NWWFX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NWWFX
	NWWAX	NWWEX	NWWDX	NWWCX	NWWBX	NWWJX	NWWIX	NWWHX	NWWFX

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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

NWWHX	+ 1.0	NWWIX
NWWIX	+ 0.98	NWWJX
NWWHX	+ 0.96	NWWJX
NWWEX	+ 0.0	NWWAX
NWWDX	+ 0.0	NWWAX
NWWCX	+ 0.0	NWWAX

High negative correlations

NWWFX	- 0.0	NWWHX
NWWFX	- 0.0	NWWIX
NWWFX	- 0.0	NWWJX
NWWFX	- 0.0	NWWBX
NWWHX	- 0.0	NWWBX
NWWIX	- 0.0	NWWBX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NWWEX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NWWDX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NWWCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NWWBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NWWJX	0.35	(0.02)	(0.17)	0.07	0.37	(0.40)	0.80	(0.70)	1.92
NWWIX	0.44	(0.02)	(0.11)	0.08	0.51	(0.48)	0.94	(0.85)	2.50
NWWHX	0.51	(0.02)	(0.07)	0.08	0.62	(0.54)	0.94	(1.01)	2.97
NWWFX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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