Nationwide Ziegler Nyse Fund Market Value
| NWJFX Fund | USD 137.80 1.11 0.81% |
| Symbol | Nationwide |
Nationwide Ziegler '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 Ziegler'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 Ziegler.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Nationwide Ziegler on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Ziegler Nyse or generate 0.0% return on investment in Nationwide Ziegler over 30 days. Nationwide Ziegler is related to or competes with American Funds, American Funds, Growth Fund, Growth Fund, Growth Fund, Growth Fund, and Growth Fund. The fund, under normal market conditions, invests substantially all of its net assets in nearly all of the component equ... More
Nationwide Ziegler 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 Ziegler'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 Ziegler Nyse upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.14 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 1.62 |
Nationwide Ziegler Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Ziegler's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Ziegler's standard deviation. In reality, there are many statistical measures that can use Nationwide Ziegler historical prices to predict the future Nationwide Ziegler's volatility.| Risk Adjusted Performance | 0.052 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0569 |
Nationwide Ziegler Nyse Backtested Returns
At this stage we consider Nationwide Mutual Fund to be very steady. Nationwide Ziegler Nyse has Sharpe Ratio of 0.0927, which conveys that the entity had a 0.0927% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nationwide Ziegler, which you can use to evaluate the volatility of the fund. Please verify Nationwide Ziegler's Risk Adjusted Performance of 0.052, mean deviation of 0.7647, and Downside Deviation of 1.2 to check out if the risk estimate we provide is consistent with the expected return of 0.0893%. The fund secures a Beta (Market Risk) of 1.01, which conveys a somewhat significant risk relative to the market. Nationwide Ziegler returns are very sensitive to returns on the market. As the market goes up or down, Nationwide Ziegler is expected to follow.
Auto-correlation | 0.56 |
Modest predictability
Nationwide Ziegler Nyse has modest predictability. Overlapping area represents the amount of predictability between Nationwide Ziegler time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 Ziegler Nyse price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Nationwide Ziegler price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1.99 |
Nationwide Ziegler Nyse lagged returns against current returns
Autocorrelation, which is Nationwide Ziegler 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 Ziegler's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Ziegler returns to help us make a trade decision. For example, suppose you find that Nationwide Ziegler 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 Ziegler 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 Ziegler mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Ziegler 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 Ziegler mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Ziegler Lagged Returns
When evaluating Nationwide Ziegler's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Ziegler mutual fund have on its future price. Nationwide Ziegler 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 Ziegler autocorrelation shows the relationship between Nationwide Ziegler mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Ziegler Nyse.
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 Ziegler 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 Ziegler security.
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