Nationwide Mutual Fund Manager Performance Evaluation

NWCSX -  USA Fund  

USD 10.47  0.01  0.1%

The fund secures a Beta (Market Risk) of 0.0235, 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 Core returns are expected to increase less than the market. However, during the bear market, the loss on holding Nationwide Core will be expected to be smaller as well. Even though it is essential to pay attention to Nationwide Core Plus price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Nationwide Core exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Nationwide Mutual Fund Performance 

 
Refresh
Nationwide Performance
0 of 100
Over the last 90 days Nationwide Core Plus has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Nationwide Core is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low10.50
Fifty Two Week High10.97
Annual Report Expense Ratio0.55%

Nationwide Core Relative Risk vs. Return Landscape

If you would invest  1,068  in Nationwide Core Plus on August 28, 2021 and sell it today you would lose (21.00)  from holding Nationwide Core Plus or give up 1.97% of portfolio value over 90 days. Nationwide Core Plus is currently producing negative expected returns and takes up 0.167% 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 Core is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 4.52 times less risky than the market. the firm trades about -0.19 of its potential returns per unit of risk. The DOW is currently generating roughly -0.03 of returns per unit of risk over similar time horizon.

Nationwide Core Current Valuation

Fairly Valued
Today
10.47
26th of November 2021
Share
Please note that Nationwide Core's price fluctuation is very steady at this time.
Nationwide Core Plus secures a last-minute Real Value of $10.37 per share. The latest price of the fund is $10.47. At this time, the fund appears to be fairly valued. We determine the value of Nationwide Core Plus 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 Core Plus 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 Core. Since Nationwide Core is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Nationwide Mutual Fund. However, Nationwide Core'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.
10.37
Real Value
10.62
Upside
Estimating the potential upside or downside of Nationwide Core Plus 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 Core more accurately as focusing exclusively on Nationwide Core's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.4510.5310.61
Details
Hype
Prediction
LowEstimated ValueHigh
10.2210.4710.72
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
0.220.220.22
Details

Nationwide Core Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Core's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Nationwide Core Plus, and traders can use it to determine the average amount a Nationwide Core'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 = -0.1879

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small Returns
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative ReturnsNWCSX
Estimated Market Risk
 0.17
  actual daily
 
 1 %
of total potential
 
11
Expected Return
 -0.03
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.19
  actual daily
 
 0 %
of total potential
 
00
Based on monthly moving average Nationwide Core 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 Core by adding it to a well-diversified portfolio.

About Nationwide Core Performance

To evaluate Nationwide Core Plus 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 Core 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 Core Plus 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 maximum long-term total return, consistent with reasonable risk to principal. Nationwide Core is traded on NASDAQ Exchange in the United States.

Things to note about Nationwide Core Plus

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

Nationwide Core Alerts

Equity Alerts and Improvement Suggestions

Nationwide Core Plus generated a negative expected return over the last 90 days
Nationwide Core Plus is unlikely to experience financial distress in the next 2 years
The fund maintains about 96.76% of its assets in bonds
Additionally, see Stocks Correlation. Note that the Nationwide Core Plus information on this page should be used as a complementary analysis to other Nationwide Core'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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Nationwide Mutual Fund analysis

When running Nationwide Core Plus price analysis, check to measure Nationwide Core'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 Core is operating at the current time. Most of Nationwide Core's value examination focuses on studying past and present price action to predict the probability of Nationwide Core's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nationwide Core's price. Additionally, you may evaluate how the addition of Nationwide Core to your portfolios can decrease your overall portfolio volatility.
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Please note, there is a significant difference between Nationwide Core's value and its price as these two are different measures arrived at by different means. Investors typically determine Nationwide Core value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Core'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.