Nationwide Bailard Risk Analysis And Volatility

NWWCX -- USA Fund  

USD 7.51  0.00  0.00%

Macroaxis considers Nationwide Bailard to be somewhat reliable. Nationwide Bailard has Sharpe Ratio of -0.1417 which conveys that the entity had -0.1417% 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 Risk Adjusted Performance of (0.14) and Mean Deviation of 0.5575 to check out risk estimate we provide.

90 Days Market Risk

Somewhat reliable

Chance of Distress in 24 months

Below average

90 Days Economic Sensitivity

Follows market closely
Horizon     30 Days    Login   to change

Nationwide Bailard Market Sensitivity

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.
3 Months Beta |Analyze Nationwide Bailard Demand Trend
Check current 30 days Nationwide Bailard correlation with market (DOW)
β = 0.5455

Nationwide Bailard Central Daily Price Deviation

Nationwide Bailard Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Nationwide Bailard Typical Price indicator is an average of each day price and can be used instead of closing price when creating different Nationwide Bailard moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

Nationwide Bailard Projected Return Density Against Market

Assuming 30 trading days horizon, Nationwide Bailard has beta of 0.5455 indicating as returns on market go up, Nationwide Bailard average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Nationwide Bailard Emerging Mar will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Nationwide Bailard is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Nationwide Bailard is -705.78. The daily returns are destributed with a variance of 1.15 and standard deviation of 1.07. The mean deviation of Nationwide Bailard Emerging Mar is currently at 0.57. For similar time horizon, the selected benchmark (DOW) has volatility of 0.98
α
Alpha over DOW
=0.14
β
Beta against DOW=0.55
σ
Overall volatility
=1.07
Ir
Information ratio =0.12

Nationwide Bailard Return Volatility

the fund shows 1.0706% volatility of returns over 30 trading days. the entity inherits 0.9844% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Nationwide Bailard Investment Opportunity

Nationwide Bailard Emerging Mar has a volatility of 1.07 and is 1.09 times more volatile than DOW. of all equities and portfolios are less risky than Nationwide Bailard. Compared to the overall equity markets, volatility of historical daily returns of Nationwide Bailard Emerging Mar is lower than 9 () of all global equities and portfolios over the last 30 days. Use Nationwide Bailard Emerging Mar to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Nationwide Bailard to be traded at $7.43 in 30 days. . 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.

Nationwide Bailard correlation with market

correlation synergy
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Nationwide Bailard Emerging Ma and equity matching DJI index in the same portfolio.

Nationwide Bailard Current Risk Indicators

Nationwide Bailard Suggested Diversification Pairs

Please see also Stocks Correlation. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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