Nationwide Mid Cap Fund Quote

GMXRX Fund  USD 16.76  0.06  0.36%   

Performance

13 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 36

 
100  
 
Zero
Below Average
Nationwide Mid is trading at 16.76 as of the 29th of March 2024; that is 0.36 percent up since the beginning of the trading day. The fund's open price was 16.7. Nationwide Mid has about a 36 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Nationwide Mid Cap are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
The fund normally invests at least 80 percent of its net assets in equity securities of companies included in the SP MidCap 400 Index. The SP MidCap 400 Index includes approximately 400 stocks of mid-cap U.S. companies in a wide range of businesses. The adviser employs a passive management, or indexing, approach, which seeks to match approximately the performance of the SP MidCap 400 Index before the deduction of fund expenses.. More on Nationwide Mid Cap

Moving together with Nationwide Mutual Fund

  0.83USG USCF Gold Strategy Symbol ChangePairCorr
  0.98NWWJX Nationwide InvestorPairCorr
  0.95NWWIX Nationwide InvestorPairCorr
  0.95NWWHX Nationwide InvestorPairCorr
  0.83NWWLX Nationwide InvestorPairCorr
  0.94NWWKX Nationwide InvestorPairCorr
  0.98NWWRX Nationwide DestinationPairCorr

Nationwide Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nationwide Mid's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nationwide Mid or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationNationwide Funds, Large Funds, Mid-Cap Blend Funds, Mid-Cap Blend, Nationwide (View all Sectors)
Update Date31st of March 2024
Nationwide Mid Cap [GMXRX] is traded in USA and was established 29th of March 2024. Nationwide Mid is listed under Nationwide category by Fama And French industry classification. The fund is listed under Mid-Cap Blend category and is part of Nationwide family. This fund currently has accumulated 1.37 B in assets under management (AUM) with no minimum investment requirementsNationwide Mid Cap is currently producing year-to-date (YTD) return of 7.46% with the current yeild of 0.01%, while the total return for the last 3 years was 4.99%.
Check Nationwide Mid Probability Of Bankruptcy

Instrument Allocation

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Nationwide Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Nationwide Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Nationwide Mid Cap Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Nationwide Mid Cap Mutual Fund Constituents

CDNSCadence Design SystemsStockInformation Technology
CZRCaesars EntertainmentStockConsumer Discretionary
ANSSANSYS IncStockInformation Technology
SEDGSolarEdge TechnologiesStockInformation Technology
MSCIMSCI IncStockFinancials
LDOSLeidos HoldingsStockInformation Technology
DPZDominos PizzaStockConsumer Discretionary
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Nationwide Mid Target Price Odds Analysis

Based on a normal probability distribution, the odds of Nationwide Mid jumping above the current price in 90 days from now is about 1.44%. The Nationwide Mid Cap probability density function shows the probability of Nationwide Mid mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.4207. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nationwide Mid will likely underperform. Additionally, nationwide Mid Cap has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 16.76HorizonTargetOdds Above 16.76
98.52%90 days
 16.76 
1.44%
Based on a normal probability distribution, the odds of Nationwide Mid to move above the current price in 90 days from now is about 1.44 (This Nationwide Mid Cap probability density function shows the probability of Nationwide Mutual Fund to fall within a particular range of prices over 90 days) .

Nationwide Mid Cap Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nationwide Mid market risk premium is the additional return an investor will receive from holding Nationwide Mid long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nationwide Mid. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nationwide Mid's alpha and beta are two of the key measurements used to evaluate Nationwide Mid's performance over the market, the standard measures of volatility play an important role as well.

Nationwide Mid Against Markets

Picking the right benchmark for Nationwide Mid mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nationwide Mid mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nationwide Mid is critical whether you are bullish or bearish towards Nationwide Mid Cap at a given time. Please also check how Nationwide Mid's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nationwide Mid without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Nationwide Mutual Fund?

Before investing in Nationwide Mid, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nationwide Mid. To buy Nationwide Mid fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nationwide Mid. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Nationwide Mid fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Nationwide Mid Cap fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Nationwide Mid Cap fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Nationwide Mid Cap, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Nationwide Mid Cap?

The danger of trading Nationwide Mid Cap is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nationwide Mid is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nationwide Mid. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nationwide Mid Cap is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Mid Cap. 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 metropolitan statistical area.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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When running Nationwide Mid's price analysis, check to measure Nationwide Mid'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 Mid is operating at the current time. Most of Nationwide Mid's value examination focuses on studying past and present price action to predict the probability of Nationwide Mid'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 Mid's price. Additionally, you may evaluate how the addition of Nationwide Mid to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Nationwide Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Mid'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.