Nationwide Mutual Fund Manager Performance Evaluation

GIMCX -  USA Fund  

USD 11.05  0.03  0.27%

The fund secures a Beta (Market Risk) of 0.2028, 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, Nationwide Investor returns are expected to increase less than the market. However, during the bear market, the loss on holding Nationwide Investor will be expected to be smaller as well. Although it is extremely important to respect Nationwide Investor 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 Investor technical indicators, you can presently evaluate if the expected return of 0.0017% will be sustainable into the future.

Nationwide Mutual Fund Performance 

 
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 Nationwide Performance
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Over the last 90 days Nationwide Investor Destinations has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong fundamental indicators, Nationwide Investor is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low10.47
Fifty Two Week High11.18
Annual Report Expense Ratio0.49%

Nationwide Investor Relative Risk vs. Return Landscape

If you would invest  1,107  in Nationwide Investor Destinations on July 29, 2021 and sell it today you would earn a total of  1.00  from holding Nationwide Investor Destinations or generate 0.09% return on investment over 90 days. Nationwide Investor Destinations is currently producing 0.0017% returns and takes up 0.2127% volatility of returns over 90 trading days. Put another way, 1% 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 (%) 
Assuming the 90 days horizon Nationwide Investor is expected to generate 19.24 times less return on investment than the market. But when comparing it to its historical volatility, the company is 3.36 times less risky than the market. It trades about 0.01 of its potential returns per unit of risk. The DOW is currently generating roughly 0.05 of returns per unit of risk over similar time horizon.

Nationwide Investor Current Valuation

Fairly Valued
Today
11.05
27th of October 2021
Share
Please note that Nationwide Investor's price fluctuation is very steady at this time.
Nationwide Investor secures a last-minute Real Value of $11.06 per share. The latest price of the fund is $11.05. At this time, the fund appears to be fairly valued. We determine the value of Nationwide Investor 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 Investor Destinations 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 Investor. Since Nationwide Investor is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Nationwide Mutual Fund. However, Nationwide Investor'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.
11.06
Real Value
11.31
Upside
Estimating the potential upside or downside of Nationwide Investor Destinations 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 Investor more accurately as focusing exclusively on Nationwide Investor's fundamentals will not take into account other important factors:
Hype
Prediction
LowEstimated ValueHigh
10.8311.0811.33
Details

Nationwide Investor Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Investor's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Nationwide Investor Destinations, and traders can use it to determine the average amount a Nationwide Investor'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 = 0.0078

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Negative ReturnsGIMCX
Estimated Market Risk
 0.21
  actual daily
 
 1 %
of total potential
 
11
Expected Return
 0.0
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 0 %
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Risk-Adjusted Return
 0.01
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Based on monthly moving average Nationwide Investor 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 Investor by adding it to a well-diversified portfolio.

About Nationwide Investor Performance

To evaluate Nationwide Investor 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 Investor 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 Investor 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 maximize total investment return for a conservative level of risk. Nationwide Investor is traded on NASDAQ Exchange in the United States.

Things to note about Nationwide Investor

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

Nationwide Investor Alerts

Equity Alerts and Improvement Suggestions

Nationwide Investor is unlikely to experience financial distress in the next 2 years
The fund retains about 15.95% of its assets under management (AUM) in cash
Please check Risk vs Return Analysis. Note that the Nationwide Investor information on this page should be used as a complementary analysis to other Nationwide Investor'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 Shere Portfolio module to track or share privately all of your investments from the convenience of any device.

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Please note, there is a significant difference between Nationwide Investor's value and its price as these two are different measures arrived at by different means. Investors typically determine Nationwide Investor value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Investor'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.