Nationwide Mutual Fund Manager Performance Evaluation

GIIRX -  USA Fund  

USD 9.10  0.00  0.00%

The fund secures a Beta (Market Risk) of -0.1082, which conveys not very significant fluctuations relative to the market. Let's try to break down what Nationwide's beta means in this case. As returns on the market increase, returns on owning Nationwide International are expected to decrease at a much lower rate. During the bear market, Nationwide International is likely to outperform the market. Although it is extremely important to respect Nationwide International price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy towards estimating future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Nationwide International technical indicators, you can presently evaluate if the expected return of 0.0% will be sustainable into the future.

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 Nationwide Performance
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Over the last 90 days Nationwide International Index has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Nationwide International is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low7.06
Fifty Two Week High9.49
Annual Report Expense Ratio1.05%

Nationwide International Relative Risk vs. Return Landscape

If you would invest (100.00)  in Nationwide International Index on June 28, 2021 and sell it today you would earn a total of  100.00  from holding Nationwide International Index or generate -100.0% return on investment over 90 days. Nationwide International Index is currently producing negative expected returns and takes up 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded mutual funds are less volatile than Nationwide, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 

Nationwide International Current Valuation

Overvalued
Today
9.10
26th of September 2021
Share
Please note that Nationwide International's price fluctuation is very steady at this time.
Nationwide International secures a last-minute Real Value of $8.8 per share. The latest price of the fund is $9.1. At this time, the fund appears to be overvalued. We determine the value of Nationwide International from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued stocks and dropping overvalued stocks since, at some point, stock prices and their ongoing real values will merge together.
Our valuation method for Nationwide International Index is useful when determining the fair value of the Nationwide mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Nationwide International. Since Nationwide International is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Nationwide Mutual Fund. However, Nationwide International's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
8.80
Real Value
10.01
Upside
Estimating the potential upside or downside of Nationwide International Index helps investors to forecast how Nationwide mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Nationwide International more accurately as focusing exclusively on Nationwide International's fundamentals will not take into account other important factors:
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Band Projection (param)
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9.129.369.60
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Prediction
LowEstimated ValueHigh
9.109.109.10
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Potential
Annual Dividend
LowIncome Per ShareHigh
0.110.110.11
Details

Nationwide International Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide International's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Nationwide International Index, and traders can use it to determine the average amount a Nationwide International's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0

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Based on monthly moving average Nationwide International is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nationwide International by adding it to a well-diversified portfolio.

About Nationwide International Performance

To evaluate Nationwide International Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Nationwide International generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Nationwide Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Nationwide International stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Nationwide's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks to match the performance of the MSCI Europe, Australasia and Far East Index as closely as possible before the deduction of fund expenses. Nationwide International is traded on NASDAQ Exchange in the United States.

Things to note about Nationwide International

Checking the ongoing alerts about Nationwide International for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nationwide International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Nationwide International Alerts

Equity Alerts and Improvement Suggestions

Nationwide International is not yet fully synchronised with the market data
Latest headline from www.dividendinvestor.com: NASDAQGIIRX Nationwide International Index Fd Cl RNationwide Mutual Funds Dividend Announcement 0.0216 per share - Dividend Investor
The fund generated three year return of -1.0%
Nationwide International retains 99.7% of its assets under management (AUM) in equities
Please check Risk vs Return Analysis. Note that the Nationwide International information on this page should be used as a complementary analysis to other Nationwide International'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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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