Nicholas Equity Correlations
| NSEIX Fund | USD 22.72 0.12 0.53% |
The current 90-days correlation between Nicholas Equity Income and Blackrock Government Bond is 0.23 (i.e., Modest diversification). The correlation of Nicholas Equity 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.
Nicholas Equity Correlation With Market
Average diversification
The correlation between Nicholas Equity Income and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nicholas Equity Income and DJI in the same portfolio, assuming nothing else is changed.
Nicholas |
Moving together with Nicholas Mutual Fund
| 0.72 | NCLEX | Nicholas Edition | PairCorr |
| 0.66 | NCTWX | Nicholas Ii | PairCorr |
| 0.75 | NNLEX | Nicholas Edition | PairCorr |
| 0.66 | NNTWX | Nicholas Ii | PairCorr |
Related Correlations Analysis
| 0.77 | 0.71 | 0.79 | 0.87 | 0.39 | BIGBX | ||
| 0.77 | 0.65 | 0.84 | 0.91 | 0.14 | SIGVX | ||
| 0.71 | 0.65 | 0.86 | 0.79 | 0.75 | SNGYX | ||
| 0.79 | 0.84 | 0.86 | 0.9 | 0.54 | DPIGX | ||
| 0.87 | 0.91 | 0.79 | 0.9 | 0.39 | PYUSX | ||
| 0.39 | 0.14 | 0.75 | 0.54 | 0.39 | GGTPX | ||
Risk-Adjusted Indicators
There is a big difference between Nicholas Mutual Fund performing well and Nicholas Equity 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 Nicholas Equity'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BIGBX | 0.10 | 0.00 | (0.73) | 0.04 | 0.04 | 0.20 | 0.60 | |||
| SIGVX | 0.06 | 0.01 | (0.99) | (1.84) | 0.00 | 0.10 | 0.51 | |||
| SNGYX | 0.13 | 0.00 | (0.60) | 0.27 | 0.07 | 0.29 | 0.77 | |||
| DPIGX | 0.07 | 0.00 | (0.90) | (0.09) | 0.00 | 0.10 | 0.52 | |||
| PYUSX | 0.08 | 0.00 | (0.86) | 0.09 | 0.00 | 0.21 | 0.53 | |||
| GGTPX | 0.14 | 0.00 | (0.49) | (0.02) | 0.16 | 0.30 | 0.98 |