Nationwide Mellon Disciplined Fund Market Value
| NWAMX Fund | USD 33.22 0.21 0.63% |
| Symbol | Nationwide |
Nationwide Mellon '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 Mellon'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 Mellon.
| 11/30/2024 |
| 12/30/2024 |
If you would invest 0.00 in Nationwide Mellon on November 30, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Mellon Disciplined or generate 0.0% return on investment in Nationwide Mellon over 30 days. Nationwide Mellon is related to or competes with Nationwide Investor, Nationwide Investor, Nationwide Investor, Nationwide Global, Nationwide Global, Nationwide Growth, and Nationwide Global. The fund invests, under normal circumstances, at least 80 percent of its net assets in equity securities of U.S More
Nationwide Mellon 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 Mellon'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 Mellon Disciplined upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 17.05 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.08 |
Nationwide Mellon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Mellon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Mellon's standard deviation. In reality, there are many statistical measures that can use Nationwide Mellon historical prices to predict the future Nationwide Mellon's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 1.08 |
Nationwide Mellon Backtested Returns
Nationwide Mellon has Sharpe Ratio of -0.13, which conveys that the entity had a -0.13% return per unit of risk over the last 3 months. Nationwide Mellon exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nationwide Mellon's Standard Deviation of 1.87, mean deviation of 0.7556, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nationwide Mellon are expected to decrease at a much lower rate. During the bear market, Nationwide Mellon is likely to outperform the market.
Auto-correlation | 0.72 |
Good predictability
Nationwide Mellon Disciplined has good predictability. Overlapping area represents the amount of predictability between Nationwide Mellon time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th 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 Mellon price movement. The serial correlation of 0.72 indicates that around 72.0% of current Nationwide Mellon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 6.41 |
Nationwide Mellon lagged returns against current returns
Autocorrelation, which is Nationwide Mellon 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 Mellon's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Mellon returns to help us make a trade decision. For example, suppose you find that Nationwide Mellon 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 Mellon 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 Mellon mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Mellon 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 Mellon mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Mellon Lagged Returns
When evaluating Nationwide Mellon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Mellon mutual fund have on its future price. Nationwide Mellon 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 Mellon autocorrelation shows the relationship between Nationwide Mellon mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Mellon Disciplined.
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 Mellon 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 Mellon security.
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