Nationwide Geneva Small Fund Market Value
| NWHZX Fund | USD 91.57 0.19 0.21% |
| Symbol | Nationwide |
Nationwide Geneva '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 Geneva'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 Geneva.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Nationwide Geneva on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Geneva Small or generate 0.0% return on investment in Nationwide Geneva over 180 days. Nationwide Geneva is related to or competes with Nationwide Geneva, Nationwide Small, Nationwide Mid, Nationwide Ziegler, and Virtus Kar. The fund seeks to invest, under normal market conditions, in common stocks of publicly traded companies that the subadvi... More
Nationwide Geneva 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 Geneva'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 Geneva Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.0188 | |||
| Maximum Drawdown | 7.2 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.75 |
Nationwide Geneva Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Geneva's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Geneva's standard deviation. In reality, there are many statistical measures that can use Nationwide Geneva historical prices to predict the future Nationwide Geneva's volatility.| Risk Adjusted Performance | 0.1031 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0209 | |||
| Treynor Ratio | 0.1056 |
Nationwide Geneva Small Backtested Returns
Nationwide Geneva appears to be very steady, given 3 months investment horizon. Nationwide Geneva Small has Sharpe Ratio of 0.17, which conveys that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nationwide Geneva, which you can use to evaluate the volatility of the fund. Please exercise Nationwide Geneva's Downside Deviation of 1.11, risk adjusted performance of 0.1031, and Mean Deviation of 0.8664 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 1.43, 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 Geneva will likely underperform.
Auto-correlation | 0.65 |
Good predictability
Nationwide Geneva Small has good predictability. Overlapping area represents the amount of predictability between Nationwide Geneva time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Geneva Small price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Nationwide Geneva price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 10.91 |
Nationwide Geneva Small lagged returns against current returns
Autocorrelation, which is Nationwide Geneva 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 Geneva's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Geneva returns to help us make a trade decision. For example, suppose you find that Nationwide Geneva 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 Geneva 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 Geneva mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Geneva 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 Geneva mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Geneva Lagged Returns
When evaluating Nationwide Geneva's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Geneva mutual fund have on its future price. Nationwide Geneva 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 Geneva autocorrelation shows the relationship between Nationwide Geneva mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Geneva Small.
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 Geneva 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 Geneva security.
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