Nationwide Fund Price to Sales vs. Last Dividend Paid

NWFAX Fund  USD 32.07  0.21  0.66%   
Based on the measurements of profitability obtained from Nationwide Fund's financial statements, Nationwide Fund Class may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in April. Profitability indicators assess Nationwide Fund's ability to earn profits and add value for shareholders.
For Nationwide Fund profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nationwide Fund to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nationwide Fund Class utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nationwide Fund's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nationwide Fund Class over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Nationwide Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Fund'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.

Nationwide Fund Class Last Dividend Paid vs. Price to Sales Fundamental Analysis

Nationwide Last Dividend Paid vs. Price to Sales

Nationwide Fund

 = 
null
Last Dividend Paid refers to dividend per share(DPS) paid to the shareholder the last time dividends were issued by a company. In its conventional sense, dividends refer to the distribution of some of a company's net earnings or capital gains decided by the board of directors.

Nationwide Fund

Last Dividend

 = 

Last Profit Distribution Amount

Total Shares

 = 
0.02
Many stable companies today pay out dividends to their shareholders in the form of the income distribution, but high-growth firms rarely offer dividends because all of their earnings are reinvested back to the business.

Nationwide Last Dividend Paid Comparison

Nationwide Fund is currently under evaluation in last dividend paid among similar funds.

Use Nationwide Fund in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nationwide Fund position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nationwide Fund will appreciate offsetting losses from the drop in the long position's value.

Nationwide Fund Pair Trading

Nationwide Fund Class Pair Trading Analysis

The ability to find closely correlated positions to Nationwide Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nationwide Fund when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nationwide Fund - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nationwide Fund Class to buy it.
The correlation of Nationwide Fund is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nationwide Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nationwide Fund Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nationwide Fund can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Nationwide Fund position

In addition to having Nationwide Fund in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Marketing Thematic Idea Now

Marketing
Marketing Theme
Companies providing marketing and public relation (PR) services as well as news and media distribution. The Marketing theme has 47 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Marketing Theme or any other thematic opportunities.
View All  Next Launch
Check out Correlation Analysis.
Note that the Nationwide Fund Class 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 the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Nationwide Mutual Fund analysis

When running Nationwide Fund's 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 the 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.
Equity Valuation
Check real value of public entities based on technical and fundamental data
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
To fully project Nationwide Fund's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nationwide Fund Class at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Nationwide Fund's income statement, its balance sheet, and the statement of cash flows.
Potential Nationwide Fund investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Nationwide Fund investors may work on each financial statement separately, they are all related. The changes in Nationwide Fund's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Nationwide Fund's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.