Nationwide Mutual Fund Technical Analysis

NWFAX -  USA Fund  

USD 33.45  0.24  0.72%

As of the 4th of December, Nationwide Fund secures the risk adjusted performance of (0.003027), and Mean Deviation of 0.606. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nationwide Fund Cl, as well as the relationship between them. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Nationwide Fund, which can be compared to its peers in the industry. Please verify Nationwide Fund Cl information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Nationwide Fund Cl is priced some-what accurately, providing market reflects its recent price of 33.45 per share.

Nationwide Technical Analysis 

 
Refresh
Nationwide Fund 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 Fund technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nationwide Fund 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...

Nationwide Fund Cl Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Nationwide Fund Cl volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

Nationwide Fund Cl Trend Analysis

Use this graph to draw trend lines for Nationwide Fund Cl. You can use it to identify possible trend reversals for Nationwide Fund as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nationwide Fund price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Nationwide Fund Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nationwide Fund Cl applied against its price change over selected period. The best fit line has a slop of   0.030089  , which means Nationwide Fund Cl will continue generating value for investors. It has 122 observation points and a regression sum of squares at 34.24, which is the sum of squared deviations for the predicted Nationwide Fund price change compared to its average price change.

About Nationwide Fund Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nationwide Fund Cl on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nationwide Fund Cl based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Nationwide Fund Cl stock first instead of the macroeconomic environment surrounding Nationwide Fund Cl. By analyzing Nationwide Fund's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nationwide Fund's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nationwide Fund specific price patterns or momentum indicators. Please read more on our technical analysis page.

Nationwide Fund December 4, 2021 Technical Indicators

Most technical analysis of Nationwide help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nationwide from various momentum indicators to cycle indicators. When you analyze Nationwide charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Nationwide Fund Cl One Year Return

Based on the recorded statements, Nationwide Fund Cl has an One Year Return of 13.5%. This is 30.73% lower than that of the Nationwide family and significantly higher than that of the Large Blend category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Additionally, see 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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Nationwide Mutual Fund analysis

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.
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
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 Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
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 Nationwide Fund value 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.