Nationwide Etf Performance
| NTKI Etf | USD 20.61 0.00 0.00% |
The etf secures a Beta (Market Risk) of -0.097, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nationwide are expected to decrease at a much lower rate. During the bear market, Nationwide is likely to outperform the market.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Nationwide has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong forward-looking signals, Nationwide is not utilizing all of its potentials. The latest stock price confusion, may contribute to short-horizon losses for the traders. ...more
Nationwide |
Nationwide Relative Risk vs. Return Landscape
If you would invest 2,061 in Nationwide on September 29, 2024 and sell it today you would earn a total of 0.00 from holding Nationwide or generate 0.0% return on investment over 90 days. Nationwide is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than Nationwide, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Nationwide Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Nationwide, and traders can use it to determine the average amount a Nationwide's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| NTKI |
Based on monthly moving average Nationwide is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nationwide by adding Nationwide to a well-diversified portfolio.
Nationwide Fundamentals Growth
Nationwide Etf prices reflect investors' perceptions of the future prospects and financial health of Nationwide, and Nationwide fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nationwide Etf performance.
| Total Asset | 12.93 M | |||
About Nationwide Performance
By evaluating Nationwide's fundamental ratios, stakeholders can gain valuable insights into Nationwide's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Nationwide has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Nationwide has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective principally by investing in a portfolio of the stocks included in the Russell 2000 Index and an options collar on the Russell 2000. ETF Russell is traded on NYSEARCA Exchange in the United States.| Nationwide is not yet fully synchronised with the market data | |
| The fund maintains 92.6% of its assets in stocks |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of Nationwide is measured differently than its book value, which is the value of Nationwide that is recorded on the company's balance sheet. Investors also form their own opinion of Nationwide's value that differs from its market value or its book value, called intrinsic value, which is Nationwide's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nationwide's market value can be influenced by many factors that don't directly affect Nationwide's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nationwide's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.