Nationwide Geneva Mid Fund Market Value
| NWHVX Fund | USD 12.31 0.01 0.08% |
| 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.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Nationwide Geneva on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Geneva Mid or generate 0.0% return on investment in Nationwide Geneva over 30 days. Nationwide Geneva is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and T Rowe. 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 Mid upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9199 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.29 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.48 |
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 | 0.0384 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0325 |
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 Mid Backtested Returns
We consider Nationwide Geneva very steady. Nationwide Geneva Mid has Sharpe Ratio of 0.0556, which conveys that the entity had a 0.0556% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nationwide Geneva, which you can use to evaluate the volatility of the fund. Please verify Nationwide Geneva's Risk Adjusted Performance of 0.0384, mean deviation of 0.6889, and Downside Deviation of 0.9199 to check out if the risk estimate we provide is consistent with the expected return of 0.0474%. The fund secures a Beta (Market Risk) of 1.19, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nationwide Geneva will likely underperform.
Auto-correlation | 0.67 |
Good predictability
Nationwide Geneva Mid has good predictability. Overlapping area represents the amount of predictability between Nationwide Geneva time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. 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 Mid price movement. The serial correlation of 0.67 indicates that around 67.0% of current Nationwide Geneva price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Nationwide Geneva Mid 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 Mid.
Regressed Prices |
| Timeline |
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Nationwide Geneva technical mutual fund 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, fund market cycles, or different charting patterns.