Nationwide Mutual Fund Manager Performance Evaluation

The fund secures a Beta (Market Risk) of -0.0309, 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 Fund are expected to decrease at a much lower rate. During the bear market, Nationwide Fund is likely to outperform the market. Although it is extremely important to respect Nationwide Fund Cl 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 Fund Cl technical indicators, you can presently evaluate if the expected return of 0.0066% 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 Fund Cl has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Nationwide Fund is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low27.62
Fifty Two Week High34.77
Annual Report Expense Ratio0.88%

Nationwide Fund Relative Risk vs. Return Landscape

If you would invest  3,360  in Nationwide Fund Cl on August 31, 2021 and sell it today you would earn a total of  8.00  from holding Nationwide Fund Cl or generate 0.24% return on investment over 90 days. Nationwide Fund Cl is currently producing 0.0066% returns and takes up 0.7509% volatility of returns over 90 trading days. Put another way, 6% 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 Fund is expected to generate 0.99 times more return on investment than the market. However, the company is 1.01 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 -0.02 per unit of risk.

Nationwide Fund Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Fund's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Nationwide Fund Cl, and traders can use it to determine the average amount a Nationwide Fund'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 = 0.0087

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Estimated Market Risk
 0.75
  actual daily
 
 6 %
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66
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Based on monthly moving average Nationwide Fund 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 Fund by adding it to a well-diversified portfolio.

Things to note about Nationwide Fund Cl

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

Nationwide Fund Alerts

Equity Alerts and Improvement Suggestions

Nationwide Fund Cl is not yet fully synchronised with the market data
Nationwide Fund Cl has some characteristics of a very speculative penny stock
Nationwide Fund Cl is unlikely to experience financial distress in the next 2 years
The fund maintains 99.2% of its assets in stocks
Check out 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Other Tools for Nationwide Mutual Fund

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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