Nationwide Small Pany Fund Market Value
| NWSIX Fund | USD 12.80 0.10 0.79% |
| Symbol | Nationwide |
Nationwide Small '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 Small'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 Small.
| 03/08/2024 |
| 05/07/2024 |
If you would invest 0.00 in Nationwide Small on March 8, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Small Pany or generate 0.0% return on investment in Nationwide Small over 60 days. Nationwide Small is related to or competes with Western Asset, Harbor Capital, and Harbor Capital. The fund normally invests at least 80 percent of its net assets in common stocks of small companies More
Nationwide Small 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 Small'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 Small Pany upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.92 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 1.72 |
Nationwide Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Small's standard deviation. In reality, there are many statistical measures that can use Nationwide Small historical prices to predict the future Nationwide Small's volatility.| Risk Adjusted Performance | 0.0035 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nationwide Small'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 Small Pany Backtested Returns
Nationwide Small Pany has Sharpe Ratio of -0.0153, which conveys that the entity had a -0.0153% return per unit of risk over the last 3 months. Nationwide Small exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nationwide Small's Standard Deviation of 1.29, risk adjusted performance of 0.0035, and Mean Deviation of 1.06 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 1.62, 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 Small will likely underperform.
Auto-correlation | 0.05 |
Virtually no predictability
Nationwide Small Pany has virtually no predictability. Overlapping area represents the amount of predictability between Nationwide Small time series from 8th of March 2024 to 7th of April 2024 and 7th of April 2024 to 7th of May 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 Small Pany price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Nationwide Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Nationwide Small Pany lagged returns against current returns
Autocorrelation, which is Nationwide Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Small returns to help us make a trade decision. For example, suppose you find that Nationwide Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Small Lagged Returns
When evaluating Nationwide Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Small mutual fund have on its future price. Nationwide Small 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 Small autocorrelation shows the relationship between Nationwide Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Small Pany.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Nationwide Small Correlation, Nationwide Small Volatility and Nationwide Small Alpha and Beta module to complement your research on Nationwide Small. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Nationwide Small 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.