Nationwide Highmark Small Fund Technical Analysis
| NWKEX Fund | USD 30.91 0.24 0.77% |
As of the 16th of April 2024, Nationwide Highmark secures the Mean Deviation of 0.8426, downside deviation of 1.17, and Risk Adjusted Performance of 0.0395. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nationwide Highmark Small, as well as the relationship between them. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Nationwide Highmark, which can be compared to its peers in the industry. Please verify Nationwide Highmark Small information ratio and downside variance to decide if Nationwide Highmark Small is priced some-what accurately, providing market reflects its recent price of 30.91 per share.
Nationwide Highmark Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nationwide, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NationwideNationwide |
Nationwide Highmark 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.
Nationwide Highmark Small Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nationwide Highmark Small volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nationwide Highmark Small Trend Analysis
Use this graph to draw trend lines for Nationwide Highmark Small. You can use it to identify possible trend reversals for Nationwide Highmark as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nationwide Highmark price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nationwide Highmark Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nationwide Highmark Small applied against its price change over selected period. The best fit line has a slop of 0.04 , which means Nationwide Highmark Small will continue generating value for investors. It has 122 observation points and a regression sum of squares at 48.91, which is the sum of squared deviations for the predicted Nationwide Highmark price change compared to its average price change.About Nationwide Highmark Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nationwide Highmark Small on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nationwide Highmark Small based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Nationwide Highmark Small price pattern first instead of the macroeconomic environment surrounding Nationwide Highmark Small. By analyzing Nationwide Highmark's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nationwide Highmark's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nationwide Highmark specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nationwide Highmark April 16, 2024 Technical Indicators
Most technical analysis of Nationwide help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nationwide from various momentum indicators to cycle indicators. When you analyze Nationwide charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0395 | |||
| Market Risk Adjusted Performance | 0.0457 | |||
| Mean Deviation | 0.8426 | |||
| Semi Deviation | 1.1 | |||
| Downside Deviation | 1.17 | |||
| Coefficient Of Variation | 1775.01 | |||
| Standard Deviation | 1.08 | |||
| Variance | 1.16 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0357 | |||
| Maximum Drawdown | 5.29 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.78 | |||
| Downside Variance | 1.36 | |||
| Semi Variance | 1.21 | |||
| Expected Short fall | (0.83) | |||
| Skewness | (0.43) | |||
| Kurtosis | 0.4478 |
Nationwide Highmark Small One Year Return
Based on the recorded statements, Nationwide Highmark Small has an One Year Return of 13.619%. This is 30.12% lower than that of the Nationwide family and significantly higher than that of the Small Blend category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Highmark Small. 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 income. Note that the Nationwide Highmark Small information on this page should be used as a complementary analysis to other Nationwide Highmark'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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.