Nationwide Utilities Correlations

NWUC Stock  USD 0.0003  0.00  0.00%   
The correlation of Nationwide Utilities 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
For information on how to trade Nationwide Stock refer to our How to Trade Nationwide Stock guide.

Moving together with Nationwide Stock

  1.0FPPP FieldPoint PetroleumPairCorr
  1.0ENYNF EnerNorth IndustriesPairCorr

Related Correlations Analysis

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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   
AREPM
SMAR
SMEPM
SMGTE
PEDREI
ARGTE
  
High negative correlations   
ARPED
ARREI
SMREI
PEDEPM
REIEPM

Risk-Adjusted Indicators

There is a big difference between Nationwide Stock performing well and Nationwide Utilities Company 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 Utilities' 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.