Nationwide Bailard Nitive Fund Market Value

NWHGX Fund  USD 16.27  0.11  0.68%   
Nationwide Bailard's market value is the price at which a share of Nationwide Bailard trades on a public exchange. It measures the collective expectations of Nationwide Bailard Nitive investors about its performance. Nationwide Bailard is trading at 16.27 as of the 29th of March 2024; that is 0.68% increase since the beginning of the trading day. The fund's open price was 16.16.
With this module, you can estimate the performance of a buy and hold strategy of Nationwide Bailard Nitive and determine expected loss or profit from investing in Nationwide Bailard over a given investment horizon. Check out Nationwide Bailard Correlation, Nationwide Bailard Volatility and Nationwide Bailard Alpha and Beta module to complement your research on Nationwide Bailard.
Symbol

Please note, there is a significant difference between Nationwide Bailard's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide Bailard is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Bailard's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Nationwide Bailard '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 Bailard'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 Bailard.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Nationwide Bailard on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Nationwide Bailard Nitive or generate 0.0% return on investment in Nationwide Bailard over 720 days. Nationwide Bailard is related to or competes with Vanguard Small-cap, Vanguard Small, Us Small, Us Targeted, Undiscovered Managers, Undiscovered Managers, and Undiscovered Managers. The fund will, under normal market conditions, invest its assets primarily in common stocks of small-cap value companies... More

Nationwide Bailard 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 Bailard'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 Bailard Nitive upside and downside potential and time the market with a certain degree of confidence.

Nationwide Bailard Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Bailard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Bailard's standard deviation. In reality, there are many statistical measures that can use Nationwide Bailard historical prices to predict the future Nationwide Bailard's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nationwide Bailard'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.
Hype
Prediction
LowEstimatedHigh
15.1016.2717.44
Details
Intrinsic
Valuation
LowRealHigh
13.6414.8117.90
Details
Naive
Forecast
LowNextHigh
15.1616.3317.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
15.2015.7216.25
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nationwide Bailard. Your research has to be compared to or analyzed against Nationwide Bailard's peers to derive any actionable benefits. When done correctly, Nationwide Bailard's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nationwide Bailard Nitive.

Nationwide Bailard Nitive Backtested Returns

We consider Nationwide Bailard very steady. Nationwide Bailard Nitive has Sharpe Ratio of 0.0655, which conveys that the entity had a 0.0655% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nationwide Bailard, which you can use to evaluate the volatility of the fund. Please verify Nationwide Bailard's Downside Deviation of 1.3, mean deviation of 0.8677, and Risk Adjusted Performance of 0.0361 to check out if the risk estimate we provide is consistent with the expected return of 0.0767%. The fund secures a Beta (Market Risk) of 1.75, 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 Bailard will likely underperform.

Auto-correlation

    
  0.04  

Virtually no predictability

Nationwide Bailard Nitive has virtually no predictability. Overlapping area represents the amount of predictability between Nationwide Bailard time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Bailard Nitive price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Nationwide Bailard price fluctuation can be explain by its past prices.
Correlation Coefficient0.04
Spearman Rank Test0.05
Residual Average0.0
Price Variance0.93

Nationwide Bailard Nitive lagged returns against current returns

Autocorrelation, which is Nationwide Bailard 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 Bailard's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Bailard returns to help us make a trade decision. For example, suppose you find that Nationwide Bailard 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 Bailard 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 Bailard mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Bailard 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 Bailard mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Nationwide Bailard Lagged Returns

When evaluating Nationwide Bailard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Bailard mutual fund have on its future price. Nationwide Bailard 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 Bailard autocorrelation shows the relationship between Nationwide Bailard mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Bailard Nitive.
   Regressed Prices   
       Timeline  

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Check out Nationwide Bailard Correlation, Nationwide Bailard Volatility and Nationwide Bailard Alpha and Beta module to complement your research on Nationwide Bailard.
Note that the Nationwide Bailard Nitive information on this page should be used as a complementary analysis to other Nationwide Bailard's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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Nationwide Bailard 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.
A focus of Nationwide Bailard technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nationwide Bailard trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...