Relative Risk vs. Return Landscape
If you would invest 964
in Nationwide Destination 2030 R2 on April 23, 2013
and sell it today you would earn a total of 37.00
from holding Nationwide Destination 2030 R2 or generate 3.84%
return on investment over 30
days. Nationwide Destination 2030 R2 is currently producing 0.22% returns and takes up 0.47% volatility of returns over 30 trading days. Put another way, 6% of traded equities are less volatile than the company and 88% of traded equity instruments are likely to generate higher returns over the next 30 trading days.
Daily Expected Return (%)
Assuming 30 trading days horizon, Nationwide Destination 2030 R2 is expected to generate about the same return on investment as the market.But, the company is 1.21 times less risky than the market. It trades about 0.47 of its potential returns per unit of risk. The S&P 500 is currently generating roughly 0.39 per unit of risk.
Nationwide Price to Book
Based on latest financial disclosure the price to book indicator of Nationwide Destination 2030 R2 is roughly 1.77 times. This is 12.03% higher than that of Nationwide family, and about the same as Target Date 2026-2030
(which currently averages 1.77) category, The Price to Book for all funds is 70.19% lower than the firm.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Nationwide Year to Date Return
Nationwide Destination 2030 R2 has Year to Date Return of 6.96%. This is 22.32% higher than that of Nationwide family, and about the same as Target Date 2026-2030
(which currently averages 7.015) category, The Year to Date Return for all funds is 130.46% lower than the firm.
Year-To-Date typically refers to a period starting from the beginning of the current year, and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Nationwide Price to Earning vs Price to Book
Nationwide Destination 2030 R2 is number one fund in price to earning among similar funds. It is rated below average
in price to book among similar funds fabricating about 0.12
of Price to Book per Price to Earning. The ratio of Price to Earning to Price to Book for Nationwide Destination 2030 R2 is roughly 8.41