Nationwide International Small Fund Market Value

NWXUX Fund  USD 9.64  0.16  1.69%   
Nationwide International's market value is the price at which a share of Nationwide International trades on a public exchange. It measures the collective expectations of Nationwide International Small investors about its performance. Nationwide International is trading at 9.64 as of the 15th of March 2025; that is 1.69% up since the beginning of the trading day. The fund's open price was 9.48.
With this module, you can estimate the performance of a buy and hold strategy of Nationwide International Small and determine expected loss or profit from investing in Nationwide International over a given investment horizon. Check out Nationwide International Correlation, Nationwide International Volatility and Nationwide International Alpha and Beta module to complement your research on Nationwide International.
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Please note, there is a significant difference between Nationwide International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide International'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 International '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 International'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 International.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
0.00
If you would invest  0.00  in Nationwide International on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide International Small or generate 0.0% return on investment in Nationwide International over 90 days. Nationwide International is related to or competes with Barings High, Credit Suisse, Metropolitan West, The Hartford, and Artisan High. Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity securities of companies... More

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

Nationwide International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide International's standard deviation. In reality, there are many statistical measures that can use Nationwide International historical prices to predict the future Nationwide International'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 International'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
8.769.6410.52
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Intrinsic
Valuation
LowRealHigh
9.5010.3811.26
Details

Nationwide International Backtested Returns

At this stage we consider Nationwide Mutual Fund to be very steady. Nationwide International has Sharpe Ratio of 0.08, which conveys that the entity had a 0.08 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nationwide International, which you can use to evaluate the volatility of the fund. Please verify Nationwide International's Mean Deviation of 0.6398, downside deviation of 0.8553, and Risk Adjusted Performance of 0.0357 to check out if the risk estimate we provide is consistent with the expected return of 0.0697%. The fund secures a Beta (Market Risk) of 0.53, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nationwide International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide International is expected to be smaller as well.

Auto-correlation

    
  0.02  

Virtually no predictability

Nationwide International Small has virtually no predictability. Overlapping area represents the amount of predictability between Nationwide International time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 International price movement. The serial correlation of 0.02 indicates that only 2.0% of current Nationwide International price fluctuation can be explain by its past prices.
Correlation Coefficient0.02
Spearman Rank Test-0.04
Residual Average0.0
Price Variance0.02

Nationwide International lagged returns against current returns

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

Nationwide International Lagged Returns

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

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Other Information on Investing in Nationwide Mutual Fund

Nationwide International 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 International security.
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