Nationwide Destination 2030 Fund Technical Analysis
| NWIAX Fund | USD 8.17 0.02 0.24% |
As of the 19th of April, Nationwide Destination secures the Risk Adjusted Performance of 0.0259, downside deviation of 0.5136, and Mean Deviation of 0.3415. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nationwide Destination, 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 were able to analyze nineteen technical drivers for Nationwide Destination, which can be compared to its peers in the industry. Please verify Nationwide Destination information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Nationwide Destination 2030 is priced some-what accurately, providing market reflects its recent price of 8.17 per share.
Nationwide Destination 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 NationwideNationwide |
Nationwide Destination 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.
Nationwide Destination Technical Analysis
The output start index for this execution was fifty with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nationwide Destination volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nationwide Destination Trend Analysis
Use this graph to draw trend lines for Nationwide Destination 2030. You can use it to identify possible trend reversals for Nationwide Destination 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 Destination price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nationwide Destination Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nationwide Destination 2030 applied against its price change over selected period. The best fit line has a slop of 0 , which means Nationwide Destination 2030 will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.52, which is the sum of squared deviations for the predicted Nationwide Destination price change compared to its average price change.About Nationwide Destination 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 Destination 2030 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 Destination 2030 based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Nationwide Destination price pattern first instead of the macroeconomic environment surrounding Nationwide Destination. By analyzing Nationwide Destination'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 Destination'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 Destination specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nationwide Destination April 19, 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.
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| Risk Adjusted Performance | 0.0259 | |||
| Market Risk Adjusted Performance | 0.0271 | |||
| Mean Deviation | 0.3415 | |||
| Semi Deviation | 0.4014 | |||
| Downside Deviation | 0.5136 | |||
| Coefficient Of Variation | 2076.41 | |||
| Standard Deviation | 0.4469 | |||
| Variance | 0.1998 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0171 | |||
| Maximum Drawdown | 2.08 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.6143 | |||
| Downside Variance | 0.2638 | |||
| Semi Variance | 0.1611 | |||
| Expected Short fall | (0.41) | |||
| Skewness | (0.36) | |||
| Kurtosis | 0.2928 |
Nationwide Destination One Year Return
Based on the recorded statements, Nationwide Destination 2030 has an One Year Return of 10.7159%. This is 45.02% lower than that of the Nationwide family and significantly higher than that of the Target-Date 2030 category. The one year return for all United States funds is notably lower than that of the firm.
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, which includes a position in Nationwide Destination 2030. 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 nation. Note that the Nationwide Destination information on this page should be used as a complementary analysis to other Nationwide Destination'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.