Nationwide Utilities Stock Market Value
| NWUC Stock | USD 0.0003 0.00 0.00% |
| Symbol | Nationwide |
Nationwide Utilities Price To Book Ratio
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nationwide Utilities. If investors know Nationwide will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nationwide Utilities listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nationwide Utilities is measured differently than its book value, which is the value of Nationwide that is recorded on the company's balance sheet. Investors also form their own opinion of Nationwide Utilities' value that differs from its market value or its book value, called intrinsic value, which is Nationwide Utilities' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nationwide Utilities' market value can be influenced by many factors that don't directly affect Nationwide Utilities' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nationwide Utilities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide Utilities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Utilities' 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 Utilities '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 Utilities' stock 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 Utilities.
| 12/29/2024 |
| 03/29/2025 |
If you would invest 0.00 in Nationwide Utilities on December 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Utilities or generate 0.0% return on investment in Nationwide Utilities over 90 days. Nationwide Utilities is related to or competes with FlyExclusive,, Canlan Ice, JD Sports, Webus International, Brunswick, Eastman Kodak, and Life Time. Nationwide Utilities Corporation provides online hosted centralized cloud environment software solutions for retail ener... More
Nationwide Utilities 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 Utilities' stock 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 Utilities upside and downside potential and time the market with a certain degree of confidence.
Nationwide Utilities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Utilities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Utilities' standard deviation. In reality, there are many statistical measures that can use Nationwide Utilities historical prices to predict the future Nationwide Utilities' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nationwide Utilities' 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 Utilities Backtested Returns
We have found three technical indicators for Nationwide Utilities, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Nationwide Utilities are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Nationwide Utilities has no correlation between past and present. Overlapping area represents the amount of predictability between Nationwide Utilities time series from 29th of December 2024 to 12th of February 2025 and 12th of February 2025 to 29th of March 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 Utilities price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nationwide Utilities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nationwide Utilities lagged returns against current returns
Autocorrelation, which is Nationwide Utilities stock'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 Utilities' stock expected returns. We can calculate the autocorrelation of Nationwide Utilities returns to help us make a trade decision. For example, suppose you find that Nationwide Utilities has exhibited high autocorrelation historically, and you observe that the stock 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 Utilities 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 Utilities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Utilities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nationwide Utilities stock over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Utilities Lagged Returns
When evaluating Nationwide Utilities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Utilities stock have on its future price. Nationwide Utilities 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 Utilities autocorrelation shows the relationship between Nationwide Utilities stock current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Utilities.
Regressed Prices |
| Timeline |
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Check out Nationwide Utilities Correlation, Nationwide Utilities Volatility and Nationwide Utilities Alpha and Beta module to complement your research on Nationwide Utilities. For information on how to trade Nationwide Stock refer to our How to Trade Nationwide Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Nationwide Utilities technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.