Nationwide Fund6 Fund Technical Analysis

NWABX Fund  USD 35.03  0.24  0.68%   
As of the 11th of December 2024, Nationwide Fund6 secures the Mean Deviation of 0.4887, risk adjusted performance of 0.1601, and Downside Deviation of 0.7529. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nationwide Fund6, as well as the relationship between them.

Nationwide Fund6 Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nationwide, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Nationwide
  
Nationwide Fund6's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Nationwide Fund6 technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Nationwide Fund6 technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nationwide Fund6 trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Nationwide Fund6 Technical Analysis

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The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nationwide Fund6 volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Nationwide Fund6 Trend Analysis

Use this graph to draw trend lines for Nationwide Fund6. You can use it to identify possible trend reversals for Nationwide Fund6 as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nationwide Fund6 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Nationwide Fund6 Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nationwide Fund6 applied against its price change over selected period. The best fit line has a slop of   0.04  , which means Nationwide Fund6 will continue generating value for investors. It has 122 observation points and a regression sum of squares at 59.22, which is the sum of squared deviations for the predicted Nationwide Fund6 price change compared to its average price change.

About Nationwide Fund6 Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nationwide Fund6 on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nationwide Fund6 based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Nationwide Fund6 price pattern first instead of the macroeconomic environment surrounding Nationwide Fund6. By analyzing Nationwide Fund6's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nationwide Fund6's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nationwide Fund6 specific price patterns or momentum indicators. Please read more on our technical analysis page.

Nationwide Fund6 December 11, 2024 Technical Indicators

Most technical analysis of Nationwide help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nationwide from various momentum indicators to cycle indicators. When you analyze Nationwide charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Nationwide Fund6 One Year Return

Based on the recorded statements, Nationwide Fund6 has an One Year Return of 32.4788%. This is 66.64% higher than that of the Nationwide family and significantly higher than that of the Large Blend category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Nationwide Fund6 December 11, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Nationwide stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Other Information on Investing in Nationwide Mutual Fund

Nationwide Fund6 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 Fund6 security.
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