Nationwide Fund Financials
| NWFAX Fund | USD 30.51 0.29 0.94% |
Nationwide |
Please note that past performance is not an indicator of the future performance of Nationwide Fund, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Nationwide Fund Fund Summary
Nationwide Fund competes with Nationwide Investor, Nationwide Investor, Nationwide Global, Nationwide Global, and Nationwide Investor. The fund invests in a diversified portfolio of common stocks to produce an overall blended equity portfolio consisting of various types of stocks that the subadviser believes offer the potential for capital growth andor dividend income. Most of the stocks in which the fund invests are issued by large-capitalization companies. The subadviser employs a bottom-up approach to selecting securities, emphasizing those that the advisor believes to represent above-average potential for total return, based on fundamental research and analysis.Specialization | Large Blend, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US63867R6541 |
| Business Address | Nationwide Mutual Funds |
| Mutual Fund Family | Nationwide |
| Mutual Fund Category | Large Blend |
| Benchmark | NYSE Composite |
| Phone | 800 848 0920 |
| Currency | USD - US Dollar |
You should never invest in Nationwide Fund Class without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of Nationwide Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Nationwide Fund's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
Nationwide Fund Key Financial Ratios
Generally speaking, Nationwide Fund's financial ratios allow both analysts and investors to convert raw data from Nationwide Fund's financial statements into concise, actionable information that can be used to evaluate the performance of Nationwide Fund over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Nationwide Fund Class reports annually and quarterly.Nationwide Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nationwide Fund's current stock value. Our valuation model uses many indicators to compare Nationwide Fund value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nationwide Fund competition to find correlations between indicators driving Nationwide Fund's intrinsic value. More Info.Nationwide Fund Class is number one fund in price to earning among similar funds. It is number one fund in price to book among similar funds fabricating about 1.12 of Price To Book per Price To Earning. Comparative valuation analysis is a catch-all model that can be used if you cannot value Nationwide Fund by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nationwide Fund's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nationwide Fund's earnings, one of the primary drivers of an investment's value.Nationwide Fund Class Systematic Risk
Nationwide Fund's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nationwide Fund volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Nationwide Fund Class correlated with the market. If Beta is less than 0 Nationwide Fund generally moves in the opposite direction as compared to the market. If Nationwide Fund Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nationwide Fund Class is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nationwide Fund is generally in the same direction as the market. If Beta > 1 Nationwide Fund moves generally in the same direction as, but more than the movement of the benchmark.
Nationwide Fund April 23, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Nationwide Fund help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nationwide Fund Class. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nationwide Fund Class based on widely used predictive technical indicators. In general, we focus on analyzing Nationwide Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nationwide Fund's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.758 | |||
| Information Ratio | 0.0031 | |||
| Maximum Drawdown | 3.57 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.29 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Fund Class. 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 Fund Class information on this page should be used as a complementary analysis to other Nationwide Fund'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.