Nationwide Mid Cap Fund Market Value
| GMXRX Fund | USD 15.56 0.19 1.24% |
| Symbol | Nationwide |
Nationwide Mid '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 Mid'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 Mid.
| 02/10/2024 |
| 01/05/2025 |
If you would invest 0.00 in Nationwide Mid on February 10, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Mid Cap or generate 0.0% return on investment in Nationwide Mid over 330 days. Nationwide Mid is related to or competes with Nationwide Small, Nationwide Mid, Janus Triton, Nationwide, and Blackrock. The fund normally invests at least 80 percent of its net assets in equity securities of companies included in the SP Mid... More
Nationwide Mid 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 Mid'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 Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 14.67 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.64 |
Nationwide Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Mid's standard deviation. In reality, there are many statistical measures that can use Nationwide Mid historical prices to predict the future Nationwide Mid's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (4.60) |
Nationwide Mid Cap Backtested Returns
Nationwide Mid Cap has Sharpe Ratio of -0.0758, which conveys that the entity had a -0.0758% return per unit of risk over the last 3 months. Nationwide Mid exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nationwide Mid's Risk Adjusted Performance of (0.05), mean deviation of 0.8465, and Standard Deviation of 1.64 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0285, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nationwide Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide Mid is expected to be smaller as well.
Auto-correlation | -0.23 |
Weak reverse predictability
Nationwide Mid Cap has weak reverse predictability. Overlapping area represents the amount of predictability between Nationwide Mid time series from 10th of February 2024 to 24th of July 2024 and 24th of July 2024 to 5th of January 2025. 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 Mid Cap price movement. The serial correlation of -0.23 indicates that over 23.0% of current Nationwide Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
Nationwide Mid Cap lagged returns against current returns
Autocorrelation, which is Nationwide Mid 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 Mid's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Mid returns to help us make a trade decision. For example, suppose you find that Nationwide Mid 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 Mid 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 Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Mid 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 Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Mid Lagged Returns
When evaluating Nationwide Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Mid mutual fund have on its future price. Nationwide Mid 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 Mid autocorrelation shows the relationship between Nationwide Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Mid 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.| S | SentinelOne | |
| CRM | Salesforce | |
| MSFT | Microsoft |
Other Information on Investing in Nationwide Mutual Fund
Nationwide Mid 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 Mid security.
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |