Nationwide Ziegler Correlations

Mutual Funds . USA . 
Fund . Nationwide Ziegler Nyse
NWJFX Fund  USD 137.80  1.11  0.81%   
The current 90-days correlation between Nationwide Ziegler Nyse and American Funds The is 0.91 (i.e., Almost no diversification). 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

Poor diversification

The correlation between Nationwide Ziegler Nyse and DJI is 0.74 (i.e., Poor 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

  0.74NADCX Nationwide InvestorPairCorr
  0.9NADMX Nationwide InvestorPairCorr
  0.9GGEAX Nationwide Global EquityPairCorr
  0.91GGEIX Nationwide Global EquityPairCorr
  0.88GGFRX Nationwide GrowthPairCorr
  0.9GGESX Nationwide Global EquityPairCorr
  0.9NSDMX Nationwide InvestorPairCorr
  0.73NSDCX Nationwide InvestorPairCorr
  0.93NTDAX Nationwide DestinationPairCorr
  0.92NTDIX Nationwide DestinationPairCorr
  0.93NTDTX Nationwide DestinationPairCorr
  0.93NTDSX Nationwide DestinationPairCorr
  0.62NUSAX Nationwide GovernmentPairCorr
  0.9NDAAX Nationwide InvestorPairCorr
  0.9NDASX Nationwide InvestorPairCorr
  0.91NDMSX Nationwide InvestorPairCorr
  0.91NDMAX Nationwide InvestorPairCorr
  0.69NWAWX Nationwide Gqg QualityPairCorr
  0.69NWAVX Nationwide Gqg QualityPairCorr
  0.69NWAUX Nationwide Gqg QualityPairCorr
  0.92NWATX Nationwide DestinationPairCorr
  0.69NWAYX Nationwide Gqg QualityPairCorr
  0.88NWBIX Nationwide DestinationPairCorr
  0.84NWABX Nationwide Fund6PairCorr
  0.87NWAEX Nationwide Bny MellonPairCorr
  0.77NWADX Nationwide Loomis AllPairCorr
  0.78NWANX Nationwide Bny MellonPairCorr
  0.78NWAMX Nationwide MellonPairCorr

Moving against Nationwide Mutual Fund

  0.46NBDAX Nationwide BondPairCorr
  0.46NWCIX Nationwide E PlusPairCorr
  0.45NWCSX Nationwide E PlusPairCorr
  0.45NWCPX Nationwide E PlusPairCorr

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 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FAFGX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.34 
(1.65)
 4.41 
FFAFX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.34 
(1.65)
 4.41 
GFACX  0.65  0.02  0.02  0.15  0.85 
(0.67)
 1.33 
(1.65)
 4.41 
GFAFX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.34 
(1.64)
 4.42 
AGTHX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.34 
(1.65)
 4.40 
CGFFX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.34 
(1.66)
 4.41 
CGFCX  0.65  0.02  0.02  0.15  0.85 
(0.67)
 1.34 
(1.65)
 4.41 
CGFAX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.35 
(1.65)
 4.40 
CGFEX  0.65  0.03  0.02  0.15  0.84 
(0.67)
 1.34 
(1.65)
 4.40 
RGAEX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.34 
(1.66)
 4.39 

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