Nationwide Destination 2055 Fund Alpha and Beta Analysis
| NTDAX Fund | USD 13.87 0.02 0.14% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nationwide Destination 2055. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nationwide Destination over a specified time horizon. Remember, high Nationwide Destination'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. Key technical indicators related to Nationwide Destination's market risk premium analysis include:
Beta 0.99 | Alpha (0.03) | Risk 0.66 | Sharpe Ratio 0.0786 | Expected Return 0.0522 |
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 |
Nationwide Destination Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nationwide Destination market risk premium is the additional return an investor will receive from holding Nationwide Destination 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 Destination. 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 Destination's performance over market.| α | -0.03 | β | 0.99 |
Nationwide Destination 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 Destination's Buy-and-hold return. Our buy-and-hold chart shows how Nationwide Destination performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Nationwide Destination Market Price Analysis
Market price analysis indicators help investors to evaluate how Nationwide Destination 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 Destination shares will generate the highest return on investment. By understating and applying Nationwide Destination mutual fund market price indicators, traders can identify Nationwide Destination position entry and exit signals to maximize returns.
Nationwide Destination Return and Market Media
The median price of Nationwide Destination for the period between Thu, Jan 25, 2024 and Wed, Apr 24, 2024 is 13.88 with a coefficient of variation of 2.19. The daily time series for the period is distributed with a sample standard deviation of 0.3, arithmetic mean of 13.87, and mean deviation of 0.26. The Fund did not receive any noticable media coverage during the period. Price Growth (%) |
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About Nationwide Destination 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 financial instruments including Nationwide or other funds. Alpha measures the amount that position in Nationwide Destination 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.
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 Destination 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 Destination's short interest history, or implied volatility extrapolated from Nationwide Destination options trading.
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Align your risk with return expectations
Check out Nationwide Destination Backtesting, Portfolio Optimization, Nationwide Destination Correlation, Nationwide Destination Hype Analysis, Nationwide Destination Volatility, Nationwide Destination History and analyze Nationwide Destination Performance. 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 the Positions Ratings module to 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.
Nationwide Destination 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, fund market cycles, or different charting patterns.