Nationwide Small Cap Fund Market Value

GMRAX Fund  USD 11.75  0.02  0.17%   
Nationwide Small's market value is the price at which a share of Nationwide Small trades on a public exchange. It measures the collective expectations of Nationwide Small Cap investors about its performance. Nationwide Small is trading at 11.75 as of the 24th of December 2024; that is 0.17% down since the beginning of the trading day. The fund's open price was 11.77.
With this module, you can estimate the performance of a buy and hold strategy of Nationwide Small Cap and determine expected loss or profit from investing in Nationwide Small over a given investment horizon. Check out Nationwide Small Correlation, Nationwide Small Volatility and Nationwide Small Alpha and Beta module to complement your research on Nationwide Small.
Symbol

Please note, there is a significant difference between Nationwide Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Small'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.

Nationwide Small '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 Small'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 Small.
0.00
06/27/2024
No Change 0.00  0.0 
In 5 months and 29 days
12/24/2024
0.00
If you would invest  0.00  in Nationwide Small on June 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Small Cap or generate 0.0% return on investment in Nationwide Small over 180 days. Nationwide Small is related to or competes with Nationwide Investor, Nationwide Investor, Nationwide Investor, Nationwide Global, Nationwide Global, Nationwide Growth, and Nationwide Global. The fund employs a passive management, or indexing, approach, which seeks to match approximately the performance of the ... More

Nationwide Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.

Nationwide Small Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Small's standard deviation. In reality, there are many statistical measures that can use Nationwide Small historical prices to predict the future Nationwide Small's volatility.
Hype
Prediction
LowEstimatedHigh
10.2811.7513.22
Details
Intrinsic
Valuation
LowRealHigh
10.4811.9513.42
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nationwide Small. Your research has to be compared to or analyzed against Nationwide Small's peers to derive any actionable benefits. When done correctly, Nationwide Small's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nationwide Small Cap.

Nationwide Small Cap Backtested Returns

Nationwide Small Cap has Sharpe Ratio of -0.0201, which conveys that the entity had a -0.0201% return per unit of risk over the last 3 months. Nationwide Small exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nationwide Small's Risk Adjusted Performance of (0.02), mean deviation of 0.9605, and Standard Deviation of 1.44 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 1.48, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nationwide Small will likely underperform.

Auto-correlation

    
  0.06  

Virtually no predictability

Nationwide Small Cap has virtually no predictability. Overlapping area represents the amount of predictability between Nationwide Small time series from 27th of June 2024 to 25th of September 2024 and 25th of September 2024 to 24th 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 Small Cap price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Nationwide Small price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test0.06
Residual Average0.0
Price Variance0.25

Nationwide Small Cap lagged returns against current returns

Autocorrelation, which is Nationwide Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Small returns to help us make a trade decision. For example, suppose you find that Nationwide Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Small 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 Small mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Nationwide Small Lagged Returns

When evaluating Nationwide Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Small mutual fund have on its future price. Nationwide Small 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 Small autocorrelation shows the relationship between Nationwide Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Small Cap.
   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 Small 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 Small security.
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