Nationwide Mutual Fund Manager Performance Evaluation

NTDAX -  USA Fund  

USD 15.83  0.01  0.06%

The fund secures a Beta (Market Risk) of 0.7885, which conveys possible diversification benefits within a given portfolio. Let's try to break down what Nationwide's beta means in this case. As returns on the market increase, Nationwide Destination returns are expected to increase less than the market. However, during the bear market, the loss on holding Nationwide Destination will be expected to be smaller as well. Although it is extremely important to respect Nationwide Destination 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 Destination technical indicators, you can presently evaluate if the expected return of 0.0462% will be sustainable into the future.

Nationwide Mutual Fund Performance 

 
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 Nationwide Performance
5 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Nationwide Destination 2055 are ranked lower than 5 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Nationwide Destination is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low8.03
Fifty Two Week High15.91
Annual Report Expense Ratio0.90%

Nationwide Destination Relative Risk vs. Return Landscape

If you would invest  1,539  in Nationwide Destination 2055 on July 27, 2021 and sell it today you would earn a total of  44.00  from holding Nationwide Destination 2055 or generate 2.86% return on investment over 90 days. Nationwide Destination 2055 is currently producing 0.0462% returns and takes up 0.6541% volatility of returns over 90 trading days. Put another way, 5% 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 Destination is expected to generate 0.92 times more return on investment than the market. However, the company is 1.09 times less risky than the market. It trades about 0.07 of its potential returns per unit of risk. The DOW is currently generating roughly 0.04 per unit of risk.

Nationwide Destination Current Valuation

Fairly Valued
Today
15.83
25th of October 2021
Share
Please note that Nationwide Destination's price fluctuation is very steady at this time.
Nationwide Destination secures a last-minute Real Value of $15.75 per share. The latest price of the fund is $15.83. At this time, the fund appears to be fairly valued. We determine the value of Nationwide Destination 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 Destination 2055 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 Destination. Since Nationwide Destination is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Nationwide Mutual Fund. However, Nationwide Destination'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.
15.75
Real Value
16.40
Upside
Estimating the potential upside or downside of Nationwide Destination 2055 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 Destination more accurately as focusing exclusively on Nationwide Destination's fundamentals will not take into account other important factors:
Hype
Prediction
LowEstimated ValueHigh
15.1815.8316.48
Details

Nationwide Destination Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Destination's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Nationwide Destination 2055, and traders can use it to determine the average amount a Nationwide Destination'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 = 0.0706

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Estimated Market Risk
 0.65
  actual daily
 
 5 %
of total potential
 
55
Expected Return
 0.05
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 0 %
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Risk-Adjusted Return
 0.07
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55
Based on monthly moving average Nationwide Destination is performing at about 5% 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 Destination by adding it to a well-diversified portfolio.

About Nationwide Destination Performance

To evaluate Nationwide Destination 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 Destination 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 Destination 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 capital appreciation and income consistent with its current asset allocation. Nationwide Destination is traded on NASDAQ Exchange in the United States.

Things to note about Nationwide Destination

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

Nationwide Destination Alerts

Equity Alerts and Improvement Suggestions

Nationwide Destination is unlikely to experience financial distress in the next 2 years
The fund maintains about 31.94% of its assets in cash
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 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 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.
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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.