Nationwide Investor Destinations Fund Market Value

NADMX Fund  USD 9.59  0.06  0.63%   
Nationwide Investor's market value is the price at which a share of Nationwide Investor trades on a public exchange. It measures the collective expectations of Nationwide Investor Destinations investors about its performance. Nationwide Investor is trading at 9.59 as of the 28th of March 2024; that is 0.63% increase since the beginning of the trading day. The fund's open price was 9.53.
With this module, you can estimate the performance of a buy and hold strategy of Nationwide Investor Destinations and determine expected loss or profit from investing in Nationwide Investor over a given investment horizon. Check out Nationwide Investor Correlation, Nationwide Investor Volatility and Nationwide Investor Alpha and Beta module to complement your research on Nationwide Investor.
Symbol

Please note, there is a significant difference between Nationwide Investor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide Investor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Investor'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.

Nationwide Investor 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nationwide Investor's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nationwide Investor.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/28/2024
0.00
If you would invest  0.00  in Nationwide Investor on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Nationwide Investor Destinations or generate 0.0% return on investment in Nationwide Investor over 720 days. Nationwide Investor is related to or competes with State Farm, Nationwide Investor, Nationwide Investor, Nationwide Investor, Nationwide Investor, Nationwide Investor, and Nationwide Destination. The fund is a fund of funds that invests primarily in affiliated mutual funds representing a variety of asset classes More

Nationwide Investor Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nationwide Investor's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nationwide Investor Destinations upside and downside potential and time the market with a certain degree of confidence.

Nationwide Investor Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Investor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Investor's standard deviation. In reality, there are many statistical measures that can use Nationwide Investor historical prices to predict the future Nationwide Investor's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nationwide Investor'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.
Hype
Prediction
LowEstimatedHigh
9.139.5910.05
Details
Intrinsic
Valuation
LowRealHigh
8.308.7610.55
Details
Naive
Forecast
LowNextHigh
9.119.5710.03
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.509.559.61
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nationwide Investor. Your research has to be compared to or analyzed against Nationwide Investor's peers to derive any actionable benefits. When done correctly, Nationwide Investor's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nationwide Investor.

Nationwide Investor Backtested Returns

We consider Nationwide Investor very steady. Nationwide Investor has Sharpe Ratio of 0.17, which conveys that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nationwide Investor, which you can use to evaluate the volatility of the fund. Please verify Nationwide Investor's Downside Deviation of 0.4675, risk adjusted performance of 0.0809, and Mean Deviation of 0.3695 to check out if the risk estimate we provide is consistent with the expected return of 0.0763%. The fund secures a Beta (Market Risk) of -0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nationwide Investor are expected to decrease at a much lower rate. During the bear market, Nationwide Investor is likely to outperform the market.

Auto-correlation

    
  0.28  

Poor predictability

Nationwide Investor Destinations has poor predictability. Overlapping area represents the amount of predictability between Nationwide Investor time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nationwide Investor price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Nationwide Investor price fluctuation can be explain by its past prices.
Correlation Coefficient0.28
Spearman Rank Test-0.07
Residual Average0.0
Price Variance0.14

Nationwide Investor lagged returns against current returns

Autocorrelation, which is Nationwide Investor mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nationwide Investor's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Investor returns to help us make a trade decision. For example, suppose you find that Nationwide Investor has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Nationwide Investor regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nationwide Investor mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Investor mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nationwide Investor mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Nationwide Investor Lagged Returns

When evaluating Nationwide Investor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Investor mutual fund have on its future price. Nationwide Investor autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nationwide Investor autocorrelation shows the relationship between Nationwide Investor mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Investor Destinations.
   Regressed Prices   
       Timeline  

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Check out Nationwide Investor Correlation, Nationwide Investor Volatility and Nationwide Investor Alpha and Beta module to complement your research on Nationwide Investor.
You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Nationwide Mutual Fund analysis

When running Nationwide Investor's price analysis, check to measure Nationwide Investor'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 Investor is operating at the current time. Most of Nationwide Investor's value examination focuses on studying past and present price action to predict the probability of Nationwide Investor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nationwide Investor's price. Additionally, you may evaluate how the addition of Nationwide Investor to your portfolios can decrease your overall portfolio volatility.
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Nationwide Investor 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 Investor technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nationwide Investor 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...