Nationwide Highmark Large Fund Technical Analysis

NWGJXDelisted Fund  USD 6.35  0.00  0.00%   
As of the 18th of April 2024, Nationwide Highmark secures the Downside Deviation of 1.16, risk adjusted performance of 0.0424, and Mean Deviation of 0.826. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nationwide Highmark Large, as well as the relationship between them. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of past prices, or the prices will eventually revert. We are able to break down nineteen technical drivers for Nationwide Highmark, which can be compared to its peers in the industry. Please verify Nationwide Highmark Large information ratio and downside variance to decide if Nationwide Highmark Large is priced some-what accurately, providing market reflects its recent price of 6.35 per share.

Nationwide Highmark Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nationwide, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Nationwide
  
Nationwide Highmark's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Nationwide Highmark 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 Highmark technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nationwide Highmark 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...

Nationwide Highmark Large Technical Analysis

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Nationwide Highmark Large Trend Analysis

Use this graph to draw trend lines for Nationwide Highmark Large. You can use it to identify possible trend reversals for Nationwide Highmark as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nationwide Highmark price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Nationwide Highmark Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nationwide Highmark Large applied against its price change over selected period. The best fit line has a slop of   0.0005  , which means Nationwide Highmark Large will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Nationwide Highmark price change compared to its average price change.

About Nationwide Highmark Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nationwide Highmark Large on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nationwide Highmark Large based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Nationwide Highmark Large price pattern first instead of the macroeconomic environment surrounding Nationwide Highmark Large. By analyzing Nationwide Highmark's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nationwide Highmark's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nationwide Highmark specific price patterns or momentum indicators. Please read more on our technical analysis page.

Nationwide Highmark April 18, 2024 Technical Indicators

Most technical analysis of Nationwide help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nationwide from various momentum indicators to cycle indicators. When you analyze Nationwide charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Nationwide Highmark Large One Year Return

Based on the recorded statements, Nationwide Highmark Large has an One Year Return of 0.3%. This is 98.46% lower than that of the Nationwide family and 98.46% lower than that of the Large Value category. The one year return for all United States funds is 92.77% higher than that of the company.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Check out Correlation Analysis to better understand how to build diversified portfolios. 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 inflation.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Other Consideration for investing in Nationwide Mutual Fund

If you are still planning to invest in Nationwide Highmark Large check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nationwide Highmark's history and understand the potential risks before investing.
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