Nationwide International Small Fund Market Value
| NWXUX Fund | USD 10.12 0.04 0.39% |
| Symbol | Nationwide |
Nationwide International '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 International'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 International.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in Nationwide International on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide International Small or generate 0.0% return on investment in Nationwide International over 180 days. Nationwide International is related to or competes with Bbh Intermediate, Alliancebernstein, Pace Municipal, Baird Strategic, Old Westbury, Transamerica Intermediate, and Counterpoint Tactical. Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity securities of companies... More
Nationwide International 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 International'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 International Small upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.1 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.29 |
Nationwide International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide International's standard deviation. In reality, there are many statistical measures that can use Nationwide International historical prices to predict the future Nationwide International's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nationwide International'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 International Backtested Returns
Nationwide International has Sharpe Ratio of -0.0864, which conveys that the entity had a -0.0864% return per unit of risk over the last 3 months. Nationwide International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nationwide International's Standard Deviation of 0.7696, risk adjusted performance of (0.06), and Mean Deviation of 0.5853 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nationwide International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide International is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
Nationwide International Small has good reverse predictability. Overlapping area represents the amount of predictability between Nationwide International time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th 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 International price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Nationwide International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Nationwide International lagged returns against current returns
Autocorrelation, which is Nationwide International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Nationwide International returns to help us make a trade decision. For example, suppose you find that Nationwide International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide International Lagged Returns
When evaluating Nationwide International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide International mutual fund have on its future price. Nationwide International 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 International autocorrelation shows the relationship between Nationwide International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide International Small.
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 International 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 International security.
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