Nationwide All Cap Fund Market Value
| NWZNX Fund | USD 17.72 0.34 1.96% |
| 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.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Nationwide All on December 12, 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 Nationwide Investor, Nationwide Investor, and Nationwide Investor. Under normal circumstances, the fund invests in equity securities, primarily common stocks, issued by companies of any s... 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.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.11 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 1.89 |
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 | (0.13) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.42) |
Nationwide All Cap Backtested Returns
Nationwide All Cap has Sharpe Ratio of -0.21, which conveys that the entity had a -0.21 % return per unit of risk over the last 3 months. Nationwide All exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nationwide All's Risk Adjusted Performance of (0.13), mean deviation of 1.24, and Standard Deviation of 1.76 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.7, which conveys possible diversification benefits within a given portfolio. 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 | 0.10 |
Insignificant predictability
Nationwide All Cap has insignificant predictability. Overlapping area represents the amount of predictability between Nationwide All time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th 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 All Cap price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Nationwide All price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
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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