Nationwide Geneva Small Fund Market Value
| NWKDX Fund | USD 86.61 0.99 1.16% |
| 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.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Nationwide Geneva on November 5, 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 60 days. Nationwide Geneva is related to or competes with Fidelity Advisor, Transamerica Financial, John Hancock, Financials Ultrasector, and Davis Financial. 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.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.94 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.73 |
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 | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nationwide Geneva'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.
Nationwide Geneva Small Backtested Returns
Nationwide Geneva Small has Sharpe Ratio of -0.0063, which conveys that the entity had a -0.0063% return per unit of risk over the last 3 months. Nationwide Geneva exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nationwide Geneva's Mean Deviation of 0.8661, risk adjusted performance of (0.01), and Standard Deviation of 1.23 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nationwide Geneva's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide Geneva is expected to be smaller as well.
Auto-correlation | -0.42 |
Modest reverse predictability
Nationwide Geneva Small has modest reverse predictability. Overlapping area represents the amount of predictability between Nationwide Geneva time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Geneva Small price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Nationwide Geneva price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 13.76 |
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 |
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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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