Nationwide Mutual Fund Quote

NWFAX -  USA Fund  

USD 34.53  0.85  2.52%

Nationwide Fund is trading at 34.53 as of the 27th of November 2021; that is 2.52 percent up since the beginning of the trading day. The fund's open price was 33.68. Nationwide Fund 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 Fund Cl are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of September 2021 and ending today, the 27th of November 2021. Click here to learn more.
Market Performance
4 of 100
Odds Of Distress
Less than 1
The investment seeks total return through a flexible combination of capital appreciation and current income. Nationwide Fund is traded on NASDAQ Exchange in the United States.. More on Nationwide Fund Cl

Nationwide Fund 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 Fund's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nationwide Fund or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Nationwide Fund Cl is unlikely to experience financial distress in the next 2 years
The fund maintains 99.2% of its assets in stocks
Legal NameNationwide Fund Cl
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 Fund's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyFairly Valued
Beta In Three Year1.02
Startdate13th of November 2017
Nationwide Fund Cl [NWFAX] is traded in USA and was established 27th of November 2021. The fund is listed under Large Blend category and is part of Nationwide family. Nationwide Fund Cl now has accumulated 1.29 B in assets with minimum initial investment of 2 K. , while the total return for the last 3 years was 9.42%.
Check Nationwide Fund 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 Fund , and the less return is expected.

Top Nationwide Fund Cl Constituents

Nationwide Fund Target Price Odds Analysis

What are Nationwide Fund's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Nationwide Fund jumping above the current price in 90 days from now is about 9.26%. The Nationwide Fund Cl probability density function shows the probability of Nationwide Fund mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Nationwide Fund has a beta of 0.8868. This indicates Nationwide Fund Cl market returns are sensitive to returns on the market. As the market goes up or down, Nationwide Fund is expected to follow. Additionally, the company has an alpha of 0.0367, implying that it can generate a 0.0367 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 34.53HorizonTargetOdds Up 34.53 
90.54%90 days
Based on a normal probability distribution, the odds of Nationwide Fund to move above the current price in 90 days from now is about 9.26 (This Nationwide Fund Cl probability density function shows the probability of Nationwide Mutual Fund to fall within a particular range of prices over 90 days) .

Nationwide Fund Cl Risk Profiles

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

Nationwide Fund Against Markets

Picking the right benchmark for Nationwide Fund 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 Fund 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 Fund is critical whether you are bullish or bearish towards Nationwide Fund Cl 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 Fund 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.

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Portfolio Rebalancing

Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
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Additionally, see Stocks Correlation. Note that the Nationwide Fund Cl information on this page should be used as a complementary analysis to other Nationwide Fund'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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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When running Nationwide Fund Cl price analysis, check to measure Nationwide Fund'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 Fund is operating at the current time. Most of Nationwide Fund's value examination focuses on studying past and present price action to predict the probability of Nationwide Fund's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nationwide Fund's price. Additionally, you may evaluate how the addition of Nationwide Fund to your portfolios can decrease your overall portfolio volatility.
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Portfolio Rebalancing
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Please note, there is a significant difference between Nationwide Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine Nationwide Fund value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Fund'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.