Nationwide Inflation Protected Securities Fund Market Value
| NIFIX Fund | USD 8.83 0.02 0.23% |
| Symbol | Nationwide |
Nationwide Inflation '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 Inflation'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 Inflation.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in Nationwide Inflation on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Inflation Protected Securities or generate 0.0% return on investment in Nationwide Inflation over 180 days. Nationwide Inflation is related to or competes with Nationwide Investor, Nationwide Investor, Nationwide Investor, Nationwide Global, Nationwide Global, Nationwide Growth, and Nationwide Global. Under normal circumstances, the fund invests at least 80 percent of its net assets in fixed-income securities that are i... More
Nationwide Inflation 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 Inflation'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 Inflation Protected Securities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 1.35 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.3341 |
Nationwide Inflation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Inflation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Inflation's standard deviation. In reality, there are many statistical measures that can use Nationwide Inflation historical prices to predict the future Nationwide Inflation's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (2.37) |
Nationwide Inflation Backtested Returns
Nationwide Inflation has Sharpe Ratio of -0.2, which conveys that the entity had a -0.2% return per unit of risk over the last 3 months. Nationwide Inflation exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nationwide Inflation's Mean Deviation of 0.2169, standard deviation of 0.2756, and Risk Adjusted Performance of (0.17) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0268, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nationwide Inflation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide Inflation is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
Nationwide Inflation Protected Securities has very good reverse predictability. Overlapping area represents the amount of predictability between Nationwide Inflation time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Inflation price movement. The serial correlation of -0.67 indicates that around 67.0% of current Nationwide Inflation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nationwide Inflation lagged returns against current returns
Autocorrelation, which is Nationwide Inflation 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 Inflation's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Inflation returns to help us make a trade decision. For example, suppose you find that Nationwide Inflation 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 Inflation 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 Inflation mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Inflation 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 Inflation mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Inflation Lagged Returns
When evaluating Nationwide Inflation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Inflation mutual fund have on its future price. Nationwide Inflation 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 Inflation autocorrelation shows the relationship between Nationwide Inflation mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Inflation Protected Securities.
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 Inflation 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 Inflation security.
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