Nationwide Mutual Fund Probability of Future Mutual Fund Price Finishing Over 33.68

NWFAX -  USA Fund  

USD 33.68  0.85  2.46%

Nationwide Fund's future price is the expected price of Nationwide Fund instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Nationwide Fund Cl performance during a given time horizon utilizing its historical volatility.

Nationwide Price Probability 

 
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Additionally, see Nationwide Fund Backtesting, Portfolio Optimization, Nationwide Fund Correlation, Nationwide Fund Hype Analysis, Nationwide Fund Volatility, Nationwide Fund History as well as Nationwide Fund Performance. Please specify Nationwide Fund time horizon, a valid symbol (red box) and a target price (blue box) you would like Nationwide Fund odds to be computed.
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Nationwide Fund Target Price Odds to finish over 33.68

The tendency of Nationwide Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for foresting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 33.68 90 days 33.68  about 41.77
Based on a normal probability distribution, the odds of Nationwide Fund to move above the current price in 90 days from now is about 41.77 (This Nationwide Fund Cl probability density function shows the probability of Nationwide Mutual Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Nationwide Fund has a beta of 0.9. This indicates Nationwide Fund Cl market returns are sensitive to returns on the market. As the market goes up or down, Nationwide Fund is expected to follow. Additionally The company has an alpha of 0.0317, implying that it can generate a 0.0317 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Nationwide Fund Price Density 
      Price 

Predictive Modules for Nationwide Fund

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nationwide Fund Cl. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Nationwide Fund'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. Please use the tools below to analyze the current value of Nationwide Fund in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
32.9333.6834.43
Details
Intrinsic
Valuation
LowReal ValueHigh
32.8633.6134.36
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nationwide Fund. Your research has to be compared to or analyzed against Nationwide Fund's peers to derive any actionable benefits. When done correctly, Nationwide Fund's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Nationwide Fund Cl.

Nationwide Fund Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Nationwide Fund is not an exception. The market had few large corrections towards the Nationwide Fund's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nationwide Fund Cl, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nationwide Fund within the framework of very fundamental risk indicators.
α
Alpha over DOW
0.031706
β
Beta against DOW0.90
σ
Overall volatility
0.77
Ir
Information ratio 0.046075

Nationwide Fund Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nationwide Fund for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nationwide Fund Cl can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
The fund maintains 99.2% of its assets in stocks

Nationwide Fund Technical Analysis

Nationwide Fund's future price can be derived by breaking down and analyzing its technical indicators over time. Nationwide Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nationwide Fund Cl. In general, you should focus on analyzing Nationwide Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.

Nationwide Fund Predictive Forecast Models

Nationwide Fund time-series forecasting models is one of many Nationwide Fund's mutual fund analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Nationwide Fund's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Nationwide Fund Cl

Checking the ongoing alerts about Nationwide Fund for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nationwide Fund Cl help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Nationwide Fund Alerts

Nationwide Fund Alerts and Suggestions

The fund maintains 99.2% of its assets in stocks
Additionally, see Nationwide Fund Backtesting, Portfolio Optimization, Nationwide Fund Correlation, Nationwide Fund Hype Analysis, Nationwide Fund Volatility, Nationwide Fund History as well as Nationwide Fund Performance. Note that the Nationwide Fund Cl 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Nationwide Mutual Fund analysis

When running Nationwide Fund Cl price analysis, check to measure Nationwide Fund's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nationwide Fund is operating at the current time. Most of Nationwide Fund's value examination focuses on studying past and present price action to predict the probability of Nationwide Fund's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nationwide Fund's price. Additionally, you may evaluate how the addition of Nationwide Fund to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Nationwide Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine Nationwide Fund value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Fund'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.