Nationwide All Cap Fund Market Value
| NWZNX Fund | USD 20.18 0.08 0.40% |
| Symbol | Nationwide |
Nationwide All '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 All'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 All.
| 10/25/2024 |
| 01/23/2025 |
If you would invest 0.00 in Nationwide All on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide All Cap or generate 0.0% return on investment in Nationwide All over 90 days. Nationwide All is related to or competes with Gabelli Convertible, Absolute Convertible, Putnam Convertible, Virtus Convertible, Lord Abbett, and Calamos Dynamic. Under normal circumstances, the fund will invest in equity securities, primarily common stocks, issued by companies of a... More
Nationwide All 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 All'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 All Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.0133 | |||
| Maximum Drawdown | 11.06 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 1.93 |
Nationwide All Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide All's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide All's standard deviation. In reality, there are many statistical measures that can use Nationwide All historical prices to predict the future Nationwide All's volatility.| Risk Adjusted Performance | 0.0345 | |||
| Jensen Alpha | 0.0437 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0107 | |||
| Treynor Ratio | 0.3992 |
Nationwide All Cap Backtested Returns
At this stage we consider Nationwide Mutual Fund to be very steady. Nationwide All Cap has Sharpe Ratio of 0.0278, which conveys that the entity had a 0.0278 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nationwide All, which you can use to evaluate the volatility of the fund. Please verify Nationwide All's Mean Deviation of 1.06, risk adjusted performance of 0.0345, and Downside Deviation of 2.0 to check out if the risk estimate we provide is consistent with the expected return of 0.0465%. The fund secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nationwide All's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide All is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Nationwide All Cap has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nationwide All time series from 25th of October 2024 to 9th of December 2024 and 9th of December 2024 to 23rd 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 All Cap price movement. The serial correlation of -0.75 indicates that around 75.0% of current Nationwide All price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
Nationwide All Cap lagged returns against current returns
Autocorrelation, which is Nationwide All 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 All's mutual fund expected returns. We can calculate the autocorrelation of Nationwide All returns to help us make a trade decision. For example, suppose you find that Nationwide All 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 All 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 All mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide All 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 All mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide All Lagged Returns
When evaluating Nationwide All's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide All mutual fund have on its future price. Nationwide All 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 All autocorrelation shows the relationship between Nationwide All mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide All Cap.
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 All 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 All security.
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