Nationwide Bailard Backtesting

NWWCX -- USA Fund  

USD 7.99  0.01  0.12%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Nationwide Bailard Emerging Mar and determine expected loss or profit from investing in Nationwide Bailard over given investment horizon. Please see also Nationwide Bailard Hype Analysis, Nationwide Bailard Correlation, Portfolio Optimization, Nationwide Bailard Volatility as well as analyze Nationwide Bailard Alpha and Beta and Nationwide Bailard Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Nationwide Bailard 'What if' Analysis

June 20, 2019
0.00
No Change 0.00  0.0%
In 3 months and 1 day
September 18, 2019
0.00
If you would invest  0.00  in Nationwide Bailard on June 20, 2019 and sell it all today you would earn a total of 0.00 from holding Nationwide Bailard Emerging Mar or generate 0.0% return on investment in Nationwide Bailard over 90 days. Nationwide Bailard is related to or competes with Invesco Oppenheimer, American Funds, American Funds, New World, DFA Emerging, DFA Emerging, and Virtus Vontobel. The fund will, under normal circumstances, invest at least 80 percent of its net assets in the equity securities of issu...

Nationwide Bailard Upside/Downside Indicators

Downside Deviation1.03
Information Ratio(0.032306)
Maximum Drawdown5.19
Value At Risk(1.50)
Potential Upside1.52

Nationwide Bailard Market Premium Indicators

Risk Adjusted Performance0.0133
Jensen Alpha(0.010029)
Total Risk Alpha(0.028288)
Sortino Ratio(0.027495)
Treynor Ratio0.0079

Nationwide Bailard Backtested Returns

Macroaxis considers Nationwide Bailard to be somewhat reliable. Nationwide Bailard has Sharpe Ratio of -0.0588 which conveys that the entity had -0.0588% of return per unit of risk over the last 3 months. Macroaxis philosophy towards estimating risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Nationwide Bailard exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Nationwide Bailard Emerging Mar Downside Deviation of 1.03, Mean Deviation of 0.5752 and Risk Adjusted Performance of 0.0133 to check out risk estimate we provide. The fund secures Beta (Market Risk) of 0.4214 which conveys that as returns on market increase, Nationwide Bailard returns are expected to increase less than the market. However during bear market, the loss on holding Nationwide Bailard will be expected to be smaller as well. Even though it is essential to pay attention to Nationwide Bailard price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Nationwide Bailard exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.41) 
correlation synergy

Modest reverse predictability

Nationwide Bailard Emerging Mar has modest reverse predictability. Overlapping area represents the amount of predictability between Nationwide Bailard time series from June 20, 2019 to August 4, 2019 and August 4, 2019 to September 18, 2019. 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 Bailard price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Nationwide Bailard price fluctuation can be explain by its past prices. Given that Nationwide Bailard Emerging Mar has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Nationwide Bailard for similar time interval.
Correlation Coefficient-0.41
Spearman Rank Test-0.08
Residual Average0.0
Price Variance0.02

Nationwide Bailard lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Nationwide Bailard regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Nationwide Bailard Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - NWWCX

Nationwide Bailard Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Nationwide Bailard Emerging Mar. What is your trading attitude regarding investing in Nationwide Bailard Emerging Mar? Are you bullish or bearish?
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Please see also Nationwide Bailard Hype Analysis, Nationwide Bailard Correlation, Portfolio Optimization, Nationwide Bailard Volatility as well as analyze Nationwide Bailard Alpha and Beta and Nationwide Bailard Performance. Please also try Premium Stories module to follow macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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