Nationwide Highmark Small Fund Buy Hold or Sell Recommendation

NWGPX Fund  USD 32.87  0.22  0.67%   
Assuming the 90 days horizon and your typical level of risk aversion, our recommendation regarding Nationwide Highmark Small is 'Hold'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Nationwide Highmark Small given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Nationwide Highmark Small, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Nationwide Highmark Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note, we conduct extensive research on individual funds such as Nationwide and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Nationwide Highmark Small. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Execute Nationwide Highmark Buy or Sell Advice

The Nationwide recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Nationwide Highmark Small. Macroaxis does not own or have any residual interests in Nationwide Highmark Small or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nationwide Highmark's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Nationwide HighmarkBuy Nationwide Highmark
Hold

Market Performance

OKDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Almost mirrors the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Nationwide Highmark Small has a Risk Adjusted Performance of 0.061, Jensen Alpha of (0.08), Total Risk Alpha of (0.12), Sortino Ratio of (0.07) and Treynor Ratio of 0.0651
Our trade recommendations module can be used to complement Nationwide Highmark Small advice provided by average analyst sentiment. It analyzes the entity's potential to grow using fundamental, technical, data market data available at the time. Use Nationwide Highmark Small price to earning, year to date return, as well as the relationship between the Year To Date Return and cash position weight to ensure your buy or sell decision on Nationwide Highmark Small is adequate.

Nationwide Highmark Trading Alerts and Improvement Suggestions

The fund maintains about 6.59% of its assets in cash

Nationwide Highmark Returns Distribution Density

The distribution of Nationwide Highmark's historical returns is an attempt to chart the uncertainty of Nationwide Highmark's future price movements. The chart of the probability distribution of Nationwide Highmark daily returns describes the distribution of returns around its average expected value. We use Nationwide Highmark Small price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nationwide Highmark returns is essential to provide solid investment advice for Nationwide Highmark.
Mean Return
0.08
Value At Risk
-1.43
Potential Upside
1.81
Standard Deviation
0.99
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Nationwide Highmark historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Nationwide Highmark Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nationwide Highmark or Nationwide sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nationwide Highmark's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nationwide fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
-0.08
β
Beta against Dow Jones1.05
σ
Overall volatility
0.97
Ir
Information ratio -0.07

Nationwide Highmark Volatility Alert

Nationwide Highmark Small has low volatility with Treynor Ratio of 0.07, Maximum Drawdown of 4.92 and kurtosis of 0.72. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nationwide Highmark's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Nationwide Highmark's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Nationwide Highmark Fundamentals Vs Peers

Comparing Nationwide Highmark's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Nationwide Highmark's direct or indirect competition across all of the common fundamentals between Nationwide Highmark and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nationwide Highmark or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Nationwide Highmark's fundamental indicators could also be used in its relative valuation, which is a method of valuing Nationwide Highmark by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Nationwide Highmark to competition
FundamentalsNationwide HighmarkPeer Average
Price To Earning18.74 X6.53 X
Price To Book1.74 X0.74 X
Price To Sales0.98 X0.61 X
Annual Yield0.01 %0.29 %
Year To Date Return13.22 %0.39 %
One Year Return26.79 %4.15 %
Three Year Return7.46 %3.60 %
Five Year Return7.55 %3.24 %
Ten Year Return10.12 %1.79 %
Net Asset201 M4.11 B
Cash Position Weight6.59 %10.61 %
Equity Positions Weight93.41 %63.90 %

Nationwide Highmark Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Nationwide . With many 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.

About Nationwide Highmark Buy or Sell Advice

When is the right time to buy or sell Nationwide Highmark Small? Buying financial instruments such as Nationwide Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Nationwide Highmark in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Small Cap ETFs Thematic Idea Now

Small Cap ETFs
Small Cap ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Small Cap ETFs theme has 167 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Small Cap ETFs Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in Nationwide Mutual Fund

Nationwide Highmark 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 Highmark security.
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device