Nationwide Utilities Correlations

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.

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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    AR + 0.85 EPM SM + 0.74 AR SM + 0.69 EPM SM + 0.42 GTE PED + 0.41 REI AR + 0.14 GTE

High negative correlations    AR - 0.29 PED AR - 0.21 REI SM - 0.15 REI PED - 0.1 EPM REI - 0.02 EPM

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.