Nationwide Sp 500 Fund Quote
GRMIX Fund | USD 25.12 0.22 0.88% |
Performance16 of 100
| Odds Of DistressLess than 35
|
Nationwide is trading at 25.12 as of the 28th of March 2024; that is 0.88 percent up since the beginning of the trading day. The fund's open price was 24.9. Nationwide has about a 35 percent probability of financial distress in the next few years of operation but had a somewhat solid performance during the last 90 days. Equity ratings for Nationwide Sp 500 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
The fund employs a passive management, or indexing, approach, which seeks to match approximately the performance of the SP 500 Index before the deduction of Fund expenses. The SP 500 Index includes approximately 500 stocks of large U.S. companies in a wide range of businesses. More on Nationwide Sp 500
Moving together with Nationwide Mutual Fund
0.98 | STFGX | State Farm Growth | PairCorr |
0.94 | NWWJX | Nationwide Investor | PairCorr |
0.94 | NWWIX | Nationwide Investor | PairCorr |
0.98 | NWWHX | Nationwide Investor | PairCorr |
0.74 | NWWLX | Nationwide Investor | PairCorr |
0.96 | NWWRX | Nationwide Destination | PairCorr |
0.96 | NWWVX | Nationwide Destination | PairCorr |
Nationwide Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nationwide's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nationwide or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund Concentration | Nationwide Funds, Large Growth Funds, Large Blend Funds, Large Blend, Nationwide, Large Blend, Large Blend (View all Sectors) |
Update Date | 31st of March 2024 |
Nationwide Sp 500 [GRMIX] is traded in USA and was established 28th of March 2024. Nationwide is listed under Nationwide category by Fama And French industry classification. The fund is listed under Large Blend category and is part of Nationwide family. This fund currently has accumulated 3.13 B in assets under management (AUM) with no minimum investment requirementsNationwide Sp 500 is currently producing year-to-date (YTD) return of 9.72% with the current yeild of 0.01%, while the total return for the last 3 years was 11.62%.
Check Nationwide Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Nationwide Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Nationwide Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Nationwide Sp 500 Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Nationwide Sp 500 Mutual Fund Constituents
AAPL | Apple Inc | Stock | Information Technology |
AMZN | Amazon Inc | Stock | Consumer Discretionary |
FB | Meta Platforms | Stock | Internet Content & Information |
GOOG | Alphabet Class C | Stock | Communication Services |
GOOGL | Alphabet Class A | Stock | Communication Services |
JNJ | Johnson Johnson | Stock | Health Care |
JPM | JPMorgan Chase Co | Stock | Financials |
Nationwide Target Price Odds Analysis
Based on a normal probability distribution, the odds of Nationwide jumping above the current price in 90 days from now is nearly 4.17%. The Nationwide Sp 500 probability density function shows the probability of Nationwide mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Nationwide Sp 500 has a beta of -0.0537. This usually indicates as returns on benchmark increase, returns on holding Nationwide are expected to decrease at a much lower rate. During the bear market, however, Nationwide Sp 500 is likely to outperform the market. Additionally, nationwide Sp 500 has an alpha of 0.1587, implying that it can generate a 0.16 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Nationwide to move above the current price in 90 days from now is nearly 4.17 (This Nationwide Sp 500 probability density function shows the probability of Nationwide Mutual Fund to fall within a particular range of prices over 90 days) .
Nationwide Top Holders
NTDTX | Nationwide Destination 2055 | Mutual Fund | Target-Date 2055 |
NTDSX | Nationwide Destination 2055 | Mutual Fund | Target-Date 2055 |
NTDIX | Nationwide Destination 2055 | Mutual Fund | Target-Date 2055 |
NWOSX | Nationwide Destination 2050 | Mutual Fund | Target-Date 2050 |
NSDMX | Nationwide Investor Destinations | Mutual Fund | Allocation--50% to 70% Equity |
NWWUX | Nationwide Destination 2060 | Mutual Fund | Target-Date 2060+ |
NWOAX | Nationwide Destination 2050 | Mutual Fund | Target-Date 2050 |
Nationwide Sp 500 Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nationwide market risk premium is the additional return an investor will receive from holding Nationwide long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nationwide. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nationwide's alpha and beta are two of the key measurements used to evaluate Nationwide's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 0.5259 | |||
Semi Deviation | 0.3145 | |||
Standard Deviation | 0.6749 | |||
Variance | 0.4555 |
Nationwide Against Markets
Picking the right benchmark for Nationwide mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nationwide mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nationwide is critical whether you are bullish or bearish towards Nationwide Sp 500 at a given time. Please also check how Nationwide's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nationwide without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Nationwide Mutual Fund?
Before investing in Nationwide, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nationwide. To buy Nationwide fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nationwide. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Nationwide fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nationwide Sp 500 fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Nationwide Sp 500 fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Nationwide Sp 500, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Nationwide Sp 500?
The danger of trading Nationwide Sp 500 is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nationwide is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nationwide. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nationwide Sp 500 is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Sp 500. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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When running Nationwide's price analysis, check to measure Nationwide's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nationwide is operating at the current time. Most of Nationwide's value examination focuses on studying past and present price action to predict the probability of Nationwide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nationwide's price. Additionally, you may evaluate how the addition of Nationwide to your portfolios can decrease your overall portfolio volatility.
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