Nationwide Mutual Fund Quote

NTDAX -  USA Fund  

USD 15.82  0.01  0.06%

Nationwide Destination is trading at 15.82 as of the 23rd of October 2021; that is -0.06 percent down since the beginning of the trading day. The fund's open price was 15.83. Nationwide Destination has a very small chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Nationwide Destination 2055 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of November 2019 and ending today, the 23rd of October 2021. Click here to learn more.
 Market Performance
4 of 100
  Odds Of Distress
Less than 1
The investment seeks capital appreciation and income consistent with its current asset allocation. Nationwide Destination is traded on NASDAQ Exchange in the United States.. More on Nationwide Destination 2055

Nationwide Destination 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. Nationwide Destination's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nationwide Destination or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Nationwide Destination is unlikely to experience financial distress in the next 2 years
The fund maintains about 31.94% of its assets in cash
Legal NameNationwide Destination 2055
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Nationwide Destination's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
Beta In Three Year1.62
Startdate30th of June 2017
Nationwide Destination 2055 [NTDAX] is traded in USA and was established 23rd of October 2021. The fund is listed under Target-Date 2055 category and is part of Nationwide family. Nationwide Destination now has accumulated 88.62 M in assets with minimum initial investment of 2 K. , while the total return for the last 3 years was 3.64%.
Check Nationwide Destination 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 Destination , and the less return is expected.

Top Nationwide Destination 2055 Constituents

Nationwide Destination Target Price Odds Analysis

What are Nationwide Destination's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Nationwide Destination jumping above the current price in 90 days from now is about 7.77%. The Nationwide Destination 2055 probability density function shows the probability of Nationwide Destination mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Nationwide Destination has a beta of 0.789. This indicates as returns on the market go up, Nationwide Destination average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nationwide Destination 2055 will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0125, implying that it can generate a 0.0125 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 15.82HorizonTargetOdds Up 15.82 
91.92%90 days
Based on a normal probability distribution, the odds of Nationwide Destination to move above the current price in 90 days from now is about 7.77 (This Nationwide Destination 2055 probability density function shows the probability of Nationwide Mutual Fund to fall within a particular range of prices over 90 days) .

Nationwide Destination Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nationwide Destination market risk premium is the additional return an investor will receive from holding Nationwide Destination 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 Destination. 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 Destination's alpha and beta are two of the key measurements used to evaluate Nationwide Destination's performance over the market, the standard measures of volatility play an important role as well.

Nationwide Destination Against Markets

Picking the right benchmark for Nationwide Destination 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 Destination 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 Destination is critical whether you are bullish or bearish towards Nationwide Destination 2055 at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nationwide Destination without increasing your portfolio risk or giving up 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.

Did you try this?

Run Portfolio Comparator Now


Portfolio Comparator

Compare the composition, asset allocations and performance of any two portfolios in your account
All  Next Launch Module
Additionally, see Stocks Correlation. Note that the Nationwide Destination information on this page should be used as a complementary analysis to other Nationwide Destination'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Nationwide Mutual Fund analysis

When running Nationwide Destination price analysis, check to measure Nationwide Destination'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 Destination is operating at the current time. Most of Nationwide Destination's value examination focuses on studying past and present price action to predict the probability of Nationwide Destination's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nationwide Destination's price. Additionally, you may evaluate how the addition of Nationwide Destination to your portfolios can decrease your overall portfolio volatility.
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Please note, there is a significant difference between Nationwide Destination's value and its price as these two are different measures arrived at by different means. Investors typically determine Nationwide Destination value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Destination'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.