Nationwide Mutual Fund Volatility

GIMCX -  USA Fund  

USD 11.04  0.02  0.18%

We consider Nationwide Investor very steady. Nationwide Investor has Sharpe Ratio of 0.0334, which conveys that the entity had 0.0334% of return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Nationwide Investor, which you can use to evaluate the future volatility of the fund. Please verify Nationwide Investor Destinations Downside Deviation of 0.2542, risk adjusted performance of 0.0039, and Mean Deviation of 0.1327 to check out if the risk estimate we provide is consistent with the expected return of 0.006%.

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Nationwide Investor Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Nationwide daily returns, and it is calculated using variance and standard deviation. We also use Nationwide's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Nationwide Investor volatility.

720 Days Market Risk

Very steady

Chance of Distress

Very Small

720 Days Economic Sensitivity

Moves indifferently to market moves

Nationwide Investor Market Sensitivity And Downside Risk

Nationwide Investor's beta coefficient measures the volatility of Nationwide mutual fund compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Nationwide mutual fund's returns against your selected market. In other words, Nationwide Investor's beta of -0.0255 provides an investor with an approximation of how much risk Nationwide Investor mutual fund can potentially add to one of your existing portfolios.
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.
3 Months Beta |Analyze Nationwide Investor Demand Trend
Check current 90 days Nationwide Investor correlation with market (DOW)

Nationwide Beta

    
  -0.0255  
Nationwide standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  0.18  
It is essential to understand the difference between upside risk (as represented by Nationwide Investor's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Nationwide Investor stock's daily returns or price. Since the actual investment returns on holding a position in Nationwide Investor stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Nationwide Investor.

Nationwide Investor Mutual Fund Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Nationwide Investor Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Nationwide Investor Projected Return Density Against Market

Assuming the 90 days horizon Nationwide Investor Destinations has a beta of -0.0255 . This usually indicates as returns on benchmark increase, returns on holding Nationwide Investor are expected to decrease at a much lower rate. During the bear market, however, Nationwide Investor Destinations is likely to outperform the market.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nationwide Investor or Nationwide sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nationwide Investor stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nationwide stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Nationwide Investor is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

Nationwide Investor Mutual Fund Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nationwide Investor or Nationwide sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nationwide Investor stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nationwide stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Assuming the 90 days horizon the coefficient of variation of Nationwide Investor is 2996.55. The daily returns are distributed with a variance of 0.03 and standard deviation of 0.18. The mean deviation of Nationwide Investor Destinations is currently at 0.13. For similar time horizon, the selected benchmark (DOW) has volatility of 0.69
α
Alpha over DOW
-0.0007
β
Beta against DOW-0.03
σ
Overall volatility
0.18
Ir
Information ratio -0.19

Nationwide Investor Mutual Fund Return Volatility

Nationwide Investor historical daily return volatility represents how much Nationwide Investor stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The fund shows 0.1803% volatility of returns over 90 . By contrast, DOW inherits 0.7356% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Nationwide Investor Volatility

Volatility is a rate at which the price of Nationwide Investor or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Nationwide Investor may increase or decrease. In other words, similar to Nationwide's beta indicator, it measures the risk of Nationwide Investor and helps estimate the fluctuations that may happen in a short period of time. So if prices of Nationwide Investor fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
The investment seeks to maximize total investment return for a conservative level of risk. Nationwide Investor is traded on NASDAQ Exchange in the United States.

Nationwide Investor Investment Opportunity

DOW has a standard deviation of returns of 0.74 and is 4.11 times more volatile than Nationwide Investor Destinations. of all equities and portfolios are less risky than Nationwide Investor. Compared to the overall equity markets, volatility of historical daily returns of Nationwide Investor Destinations is lower than 1 () of all global equities and portfolios over the last 90 days. Use Nationwide Investor Destinations to protect your portfolios against small market fluctuations. The mutual fund experiences a normal downward trend and little activity. Check odds of Nationwide Investor to be traded at $10.93 in 90 days. . 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.

Good diversification

The correlation between Nationwide Investor Destinatio and DJI is Good diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nationwide Investor Destinatio and DJI in the same portfolio assuming nothing else is changed.

Nationwide Investor Additional Risk Indicators

The analysis of Nationwide Investor's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Nationwide Investor's investment and either accepting that risk or mitigating it. Along with some common measures of Nationwide Investor stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance0.0039
Market Risk Adjusted Performance0.0721
Mean Deviation0.1327
Semi Deviation0.1509
Downside Deviation0.2542
Coefficient Of Variation2134.93
Standard Deviation0.1797
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Nationwide Investor Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Nationwide Investor as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Nationwide Investor's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Nationwide Investor's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Nationwide Investor Destinations.
Please check Risk vs Return Analysis. 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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When running Nationwide Investor price analysis, check to measure Nationwide Investor'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 Investor is operating at the current time. Most of Nationwide Investor's value examination focuses on studying past and present price action to predict the probability of Nationwide Investor's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nationwide Investor's price. Additionally, you may evaluate how the addition of Nationwide Investor to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Nationwide Investor's value and its price as these two are different measures arrived at by different means. Investors typically determine Nationwide Investor value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Investor'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.