Nationwide Inflation Protected Securities Fund Market Value
| NWXNX Fund | USD 8.84 0.02 0.23% |
| Symbol | Nationwide |
Nationwide Inflation-protec '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 Inflation-protec'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 Inflation-protec.
| 11/30/2022 |
| 04/23/2024 |
If you would invest 0.00 in Nationwide Inflation-protec on November 30, 2022 and sell it all today you would earn a total of 0.00 from holding Nationwide Inflation Protected Securities or generate 0.0% return on investment in Nationwide Inflation-protec over 510 days. Nationwide Inflation-protec is related to or competes with Nationwide Investor, Nationwide Investor, Nationwide Investor, Nationwide Global, Nationwide Global, Nationwide Growth, and Nationwide Global. Under normal circumstances, the fund invests at least 80 percent of its net assets in fixed-income securities that are i... More
Nationwide Inflation-protec 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 Inflation-protec'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 Inflation Protected Securities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 1.56 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.4494 |
Nationwide Inflation-protec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Inflation-protec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Inflation-protec's standard deviation. In reality, there are many statistical measures that can use Nationwide Inflation-protec historical prices to predict the future Nationwide Inflation-protec's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nationwide Inflation-protec'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.
Nationwide Inflation-protec Backtested Returns
Nationwide Inflation-protec has Sharpe Ratio of -0.0255, which conveys that the entity had a -0.0255% return per unit of risk over the last 3 months. Nationwide Inflation-protec exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nationwide Inflation-protec's Risk Adjusted Performance of (0.03), standard deviation of 0.3291, and Mean Deviation of 0.2505 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nationwide Inflation-protec's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide Inflation-protec is expected to be smaller as well.
Auto-correlation | 0.49 |
Average predictability
Nationwide Inflation Protected Securities has average predictability. Overlapping area represents the amount of predictability between Nationwide Inflation-protec time series from 30th of November 2022 to 12th of August 2023 and 12th of August 2023 to 23rd of April 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 Inflation-protec price movement. The serial correlation of 0.49 indicates that about 49.0% of current Nationwide Inflation-protec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nationwide Inflation-protec lagged returns against current returns
Autocorrelation, which is Nationwide Inflation-protec 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 Inflation-protec's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Inflation-protec returns to help us make a trade decision. For example, suppose you find that Nationwide Inflation-protec 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 Inflation-protec 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 Inflation-protec mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Inflation-protec 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 Inflation-protec mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Inflation-protec Lagged Returns
When evaluating Nationwide Inflation-protec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Inflation-protec mutual fund have on its future price. Nationwide Inflation-protec 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 Inflation-protec autocorrelation shows the relationship between Nationwide Inflation-protec mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Inflation Protected Securities.
Regressed Prices |
| Timeline |
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Nationwide Inflation-protec 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.