Nationwide Gqg Quality Fund Market Value
| NWAUX Fund | USD 18.11 0.10 0.56% |
| Symbol | Nationwide |
Nationwide Gqg 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nationwide Gqg's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nationwide Gqg.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Nationwide Gqg on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Gqg Quality or generate 0.0% return on investment in Nationwide Gqg over 180 days. Nationwide Gqg is related to or competes with Dunham High, Artisan High, American Century, Lord Abbett, Calvert High, Gmo High, and Blackrock High. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of U.S More
Nationwide Gqg Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nationwide Gqg's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nationwide Gqg Quality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5533 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 2.8 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 1.19 |
Nationwide Gqg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Gqg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Gqg's standard deviation. In reality, there are many statistical measures that can use Nationwide Gqg historical prices to predict the future Nationwide Gqg's volatility.| Risk Adjusted Performance | 0.1282 | |||
| Jensen Alpha | 0.0483 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.2458 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nationwide Gqg's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nationwide Gqg Quality Backtested Returns
At this stage we consider Nationwide Mutual Fund to be out of control. Nationwide Gqg Quality has Sharpe Ratio of 0.17, which conveys that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nationwide Gqg, which you can use to evaluate the volatility of the fund. Please verify Nationwide Gqg's Mean Deviation of 0.5188, risk adjusted performance of 0.1282, and Downside Deviation of 0.5533 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The fund secures a Beta (Market Risk) of 0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nationwide Gqg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide Gqg is expected to be smaller as well.
Auto-correlation | 0.10 |
Insignificant predictability
Nationwide Gqg Quality has insignificant predictability. Overlapping area represents the amount of predictability between Nationwide Gqg time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nationwide Gqg Quality price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Nationwide Gqg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Nationwide Gqg Quality lagged returns against current returns
Autocorrelation, which is Nationwide Gqg mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nationwide Gqg's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Gqg returns to help us make a trade decision. For example, suppose you find that Nationwide Gqg has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nationwide Gqg regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nationwide Gqg mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Gqg mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nationwide Gqg mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Gqg Lagged Returns
When evaluating Nationwide Gqg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Gqg mutual fund have on its future price. Nationwide Gqg autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nationwide Gqg autocorrelation shows the relationship between Nationwide Gqg mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Gqg Quality.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nationwide Mutual Fund
Nationwide Gqg financial ratios help investors to determine whether Nationwide Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nationwide with respect to the benefits of owning Nationwide Gqg security.