Nationwide Mutual Fund Alpha and Beta Analysis

GIMCX -  USA Fund  

USD 10.63  0.01  0.09%

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nationwide Investor Destinations. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nationwide Investor over a specified time horizon. Remember, high Nationwide Investor's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Nationwide Investor Backtesting, Portfolio Optimization, Nationwide Investor Correlation, Nationwide Investor Hype Analysis, Nationwide Investor Volatility, Nationwide Investor History and analyze Nationwide Investor Performance.

Nationwide Beta 

 
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Please note that although Nationwide Investor alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Nationwide Investor did 0.07  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Nationwide Investor Destinations fund's relative risk over its benchmark. Nationwide Investor has a beta of 0.05  . Let's try to break down what Nationwide's beta means in this case. As returns on the market increase, returns on owning Nationwide Investor are expected to decrease at a much lower rate. During the bear market, Nationwide Investor is likely to outperform the market.
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Nationwide Investor Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nationwide Investor market risk premium is the additional return an investor will receive from holding Nationwide Investor long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nationwide Investor. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Nationwide Investor's performance over market.
α-0.07   β-0.05
90 days against DJI

Nationwide Investor expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Nationwide Investor's Buy-and-hold return. Our buy-and-hold chart shows how Nationwide Investor performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Nationwide Investor Market Price Analysis

Market price analysis indicators help investors to evaluate how Nationwide Investor mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nationwide Investor shares will generate the highest return on investment. By understating and applying Nationwide Investor mutual fund market price indicators, traders can identify Nationwide Investor position entry and exit signals to maximize returns.

Nationwide Investor Return and Market Media

The median price of Nationwide Investor for the period between Sat, Oct 23, 2021 and Fri, Jan 21, 2022 is 11.07 with a coefficient of variation of 1.31. The daily time series for the period is distributed with a sample standard deviation of 0.14, arithmetic mean of 11.01, and mean deviation of 0.12. The Fund received some media coverage during the period.
 Price Growth (%)  
      Timeline 
1
AAPL Dividend Announcement 0.2673Share 12232021 - Dividend I...12/23/2021

About Nationwide Investor Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Nationwide Investor has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

Nationwide Investor Investors Sentiment

The influence of Nationwide Investor's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nationwide. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nationwide Investor in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nationwide Investor's short interest history, or implied volatility extrapolated from Nationwide Investor options trading.

Current Sentiment - GIMCX

Nationwide Investor Investor Sentiment

Most of Macroaxis users are currently bullish on Nationwide Investor Destinations. What is your trading attitude regarding investing in Nationwide Investor Destinations? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Build Portfolio with Nationwide Investor

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Nationwide Investor Backtesting, Portfolio Optimization, Nationwide Investor Correlation, Nationwide Investor Hype Analysis, Nationwide Investor Volatility, Nationwide Investor History and analyze Nationwide Investor Performance. 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 Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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Nationwide Investor technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Nationwide Investor technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nationwide Investor trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...