Nationwide Gqg Quality Fund Market Value

NWAVX Fund  USD 18.34  0.07  0.38%   
Nationwide Gqg's market value is the price at which a share of Nationwide Gqg trades on a public exchange. It measures the collective expectations of Nationwide Gqg Quality investors about its performance. Nationwide Gqg is trading at 18.34 as of the 4th of December 2024; that is 0.38% up since the beginning of the trading day. The fund's open price was 18.27.
With this module, you can estimate the performance of a buy and hold strategy of Nationwide Gqg Quality and determine expected loss or profit from investing in Nationwide Gqg over a given investment horizon. Check out Nationwide Gqg Correlation, Nationwide Gqg Volatility and Nationwide Gqg Alpha and Beta module to complement your research on Nationwide Gqg.
Symbol

Please note, there is a significant difference between Nationwide Gqg's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide Gqg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Gqg'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 Gqg '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 Gqg'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 Gqg.
0.00
06/07/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/04/2024
0.00
If you would invest  0.00  in Nationwide Gqg on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Gqg Quality or generate 0.0% return on investment in Nationwide Gqg over 180 days. Nationwide Gqg 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 equity securities of U.S More

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

Nationwide Gqg Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Gqg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Gqg's standard deviation. In reality, there are many statistical measures that can use Nationwide Gqg historical prices to predict the future Nationwide Gqg's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nationwide Gqg's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
17.6318.2718.91
Details
Intrinsic
Valuation
LowRealHigh
17.4518.0918.73
Details
Naive
Forecast
LowNextHigh
17.7718.4119.05
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.6417.9218.20
Details

Nationwide Gqg Quality Backtested Returns

At this stage we consider Nationwide Mutual Fund to be very steady. Nationwide Gqg Quality has Sharpe Ratio of 0.21, which conveys that the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nationwide Gqg, which you can use to evaluate the volatility of the fund. Please verify Nationwide Gqg's Downside Deviation of 0.5458, mean deviation of 0.5278, and Risk Adjusted Performance of 0.1208 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. The fund secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nationwide Gqg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide Gqg is expected to be smaller as well.

Auto-correlation

    
  0.10  

Insignificant predictability

Nationwide Gqg Quality has insignificant predictability. Overlapping area represents the amount of predictability between Nationwide Gqg time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Gqg Quality price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Nationwide Gqg price fluctuation can be explain by its past prices.
Correlation Coefficient0.1
Spearman Rank Test-0.19
Residual Average0.0
Price Variance0.11

Nationwide Gqg Quality lagged returns against current returns

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

Nationwide Gqg Lagged Returns

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

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Other Information on Investing in Nationwide Mutual Fund

Nationwide Gqg 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 Gqg security.
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