Nationwide Geneva Competition

NWKAX Fund

USD 14.10 0.05 0.36%

Nationwide Geneva Mid competes with Columbia Global, Janus Global, Icon Information, Fidelity Advisor, and Black Oak; as well as few others. The fund is listed under Mid-Cap Growth category and is part of Nationwide family. Analyzing Nationwide Geneva competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Nationwide Geneva to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Nationwide Geneva vs Towpath Technology Correlation

Very weak diversification

The correlation between Nationwide Geneva Mid and TOWTX is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nationwide Geneva Mid and TOWTX in the same portfolio, assuming nothing else is changed.

Moving together with Nationwide Mutual Fund

0.63	PAMCX	T Rowe Price	Pair Corr
0.76	RRMGX	T Rowe Price	Pair Corr
0.74	PCBIX	Midcap Fund Institutional	Pair Corr
0.75	PEMGX	Midcap Fund Class	Pair Corr
0.74	PMBCX	Midcap Fund Class	Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
12.85	14.10	15.35

Details

Intrinsic

Valuation

Low	Real	High
11.47	12.72	15.51

Details

Naive

Forecast

Low	Next	High
12.67	13.92	15.17

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
13.22	13.82	14.41

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nationwide Geneva. Your research has to be compared to or analyzed against Nationwide Geneva's peers to derive any actionable benefits. When done correctly, Nationwide Geneva's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nationwide Geneva Mid.

Nationwide Geneva Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nationwide Geneva and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Nationwide and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Nationwide Geneva Mid does not affect the price movement of the other competitor.

	CONIX	JATAX	ICTEX	FIJYX	BOGSX	MTCCX	TOWTX
CONIX		0.8	0.67	0.11	0.8	0.84	0.81	CONIX
JATAX	0.8		0.81	0.31	0.61	0.82	0.87	JATAX
ICTEX	0.67	0.81		0.62	0.42	0.72	0.85	ICTEX
FIJYX	0.11	0.31	0.62		-0.27	0.27	0.32	FIJYX
BOGSX	0.8	0.61	0.42	-0.27		0.51	0.66	BOGSX
MTCCX	0.84	0.82	0.72	0.27	0.51		0.8	MTCCX
TOWTX	0.81	0.87	0.85	0.32	0.66	0.8		TOWTX
	CONIX	JATAX	ICTEX	FIJYX	BOGSX	MTCCX	TOWTX

High positive correlations

TOWTX	+ 0.87	JATAX
TOWTX	+ 0.85	ICTEX
MTCCX	+ 0.84	CONIX
MTCCX	+ 0.82	JATAX
TOWTX	+ 0.81	CONIX
ICTEX	+ 0.81	JATAX

High negative correlations

BOGSX

- 0.27

FIJYX

Risk-Adjusted Indicators

There is a big difference between Nationwide Mutual Fund performing well and Nationwide Geneva Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Nationwide Geneva's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CONIX	0.77	0.05	0.04	0.16	0.85	(0.84)	1.59	(1.62)	6.68
JATAX	1.23	0.29	0.12	(2.15)	1.21	(1.34)	2.15	(2.61)	20.32
ICTEX	1.36	0.37	0.34	0.35	0.69	(1.79)	1.77	(2.01)	30.28
FIJYX	1.15	0.14	0.04	1.39	1.39	(1.21)	2.80	(2.43)	7.19
BOGSX	1.05	0.01	0.02	0.10	1.31	(1.07)	2.31	(2.33)	5.43
MTCCX	1.48	0.50	0.29	1.59	0.94	(1.77)	1.88	(2.68)	37.23
TOWTX	0.74	(0.02)	(0.02)	0.08	0.81	(0.83)	1.61	(1.37)	4.54

Nationwide Geneva Competitive Analysis

The better you understand Nationwide Geneva competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nationwide Geneva's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Nationwide Geneva's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	NWKAX	CONIX	JATAX	ICTEX	FIJYX	BOGSX	MTCCX	TOWTX
	0.36 14.10 Nationwide	0.32 12.55 COLUMBIA	0.95 65.89 JANUS	1.70 16.14 Icon	1.60 43.07 Fidelity	0.34 8.80 Black	1.02 39.65 Mfs	1.01 15.05 Towpath
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Not too volatile	Very steady	Not too volatile	Very steady	Very steady
Market Performance (90 Days Performance)	Mild	Fair	Fair	Fair	Fair	Soft	Fair	Soft
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Under Valued	Under Valued	Under Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Buy	Cautious Hold	Strong Buy	Cautious Hold	Hold	Strong Buy	Strong Hold
Net Asset	1.01 B	12.46 M	3.14 B	54.01 M	1.83 B	59.96 M	2.19 B	4.67 M
Minimum Initial Investment	N/A	N/A	N/A	1 K	N/A	2 K	N/A	2 K
Price To Book	4.21 X	N/A	3.82 X	3.46 X	N/A	3.49 X	4.83 X	N/A
Five Year Return	4.39 %	N/A	14.14 %	7.93 %	7.19 %	7.43 %	10.14 %	N/A
One Year Return	(0.37) %	N/A	28.08 %	18.28 %	45.37 %	23.84 %	10.73 %	N/A
Last Dividend Paid	N/A	N/A	N/A	N/A	0.16	N/A	N/A	N/A
Price To Earning	25.89 X	N/A	25.42 X	20.71 X	N/A	23.74 X	1.65 X	N/A
Price To Sales	2.90 X	N/A	3.06 X	2.86 X	N/A	1.65 X	4.73 X	N/A
Cash Position Weight	2.32 %	N/A	0.14 %	0.47 %	0.62 %	3.53 %	4.76 %	19.67 %
Equity Positions Weight	97.69 %	N/A	98.81 %	99.53 %	96.91 %	96.47 %	95.24 %	80.33 %
Three Year Return	9.73 %	N/A	34.68 %	15.28 %	17.84 %	15.73 %	29.38 %	N/A
Annual Yield	N/A	0.03 %	N/A	N/A	0.01 %	N/A	N/A	0 %
Year To Date Return	3.68 %	N/A	3.22 %	3.51 %	0.05 %	6.99 %	2.14 %	N/A
Ten Year Return	12.43 %	N/A	18.37 %	14.62 %	19.74 %	11.54 %	17.43 %	N/A
Day Typical Price	14.1	12.55	65.89	16.14	43.07	8.8	39.65	15.05
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Period Momentum Indicator	0.05	0.04	0.62	0.27	0.68	0.03	0.4	0.15
Rate Of Daily Change	1.0	1.0	1.01	1.02	1.02	1.0	1.01	1.01
Day Median Price	14.1	12.55	65.89	16.14	43.07	8.8	39.65	15.05
Price Action Indicator	0.025	0.02	0.31	0.14	0.34	0.015	0.2	0.075
Relative Strength Index	61.15	63.3	57.53	63.68	59.45	58.12	63.65	51.38
Coefficient Of Variation	1494.74	811.91	851.03	694.85	946.74	991.88	810.54	1108.41
Mean Deviation	0.7388	0.7722	1.23	1.36	1.15	1.05	1.48	0.7425
Jensen Alpha	0.0761	0.0539	0.2934	0.3736	0.1407	0.0058	0.501	(0.02)
Total Risk Alpha	(0.09)	(0.01)	(0.03)	0.0499	(0.04)	(0.05)	(0.03)	(0.04)
Sortino Ratio	(0.02)	0.0351	0.122	0.3409	0.0362	0.0215	0.2891	(0.02)
Downside Variance	0.7813	1.06	2.35	1.48	2.47	2.29	2.3	0.8524
Standard Deviation	1.25	1.14	2.48	3.61	1.52	1.35	4.4	0.9295
Kurtosis	18.25	8.65	34.18	53.27	0.4805	(0.23)	55.28	(0.05)
Potential Upside	1.7	1.59	2.15	1.77	2.8	2.31	1.88	1.61
Treynor Ratio	(3.13)	0.1605	(2.15)	0.3528	1.39	0.0986	1.59	0.0754
Maximum Drawdown	8.15	6.68	20.32	30.28	7.19	5.43	37.23	4.54
Variance	1.57	1.29	6.14	13.02	2.32	1.84	19.33	0.864
Market Risk Adjusted Performance	(3.12)	0.1705	(2.14)	0.3628	1.4	0.1086	1.6	0.0854
Risk Adjusted Performance	0.0535	0.0945	0.0938	0.1142	0.0832	0.079	0.0994	0.0687
Skewness	3.21	1.53	4.92	6.92	(0.19)	(0.39)	7.12	(0.13)
Semi Deviation	0.7313	0.845	1.21	0.6915	1.39	1.31	0.9385	0.8141
Information Ratio	(0.02)	0.0317	0.0755	0.1151	0.0374	0.024	0.0997	(0.02)
Value At Risk	(1.47)	(1.62)	(2.61)	(2.01)	(2.43)	(2.33)	(2.68)	(1.37)
Expected Short fall	(0.86)	(0.84)	(1.34)	(1.79)	(1.21)	(1.07)	(1.77)	(0.83)
Downside Deviation	0.8839	1.03	1.53	1.22	1.57	1.51	1.52	0.9232
Semi Variance	0.5349	0.7141	1.45	0.4782	1.92	1.71	0.8807	0.6628

Nationwide Geneva Competition Performance Charts

Five steps to successful analysis of Nationwide Geneva Competition

Nationwide Geneva's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Nationwide Geneva Mid in relation to its competition. Nationwide Geneva's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Nationwide Geneva in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Nationwide Geneva's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nationwide Geneva Mid, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Nationwide Geneva position

In addition to having Nationwide Geneva 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.

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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Volatility ETFs theme has 25 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 Volatility ETFs Theme or any other thematic opportunities.

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Other Information on Investing in Nationwide Mutual Fund

Nationwide Geneva financial ratios help investors to determine whether Nationwide Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nationwide with respect to the benefits of owning Nationwide Geneva security.

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Nationwide Geneva Competition

Nationwide Geneva vs Towpath Technology Correlation

Very weak diversification

Moving together with Nationwide Mutual Fund

Specify up to 10 symbols:

Nationwide Geneva Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

Nationwide Geneva Competitive Analysis

Nationwide Geneva Competition Performance Charts

Five steps to successful analysis of Nationwide Geneva Competition

Complement your Nationwide Geneva position

Did You Try This Idea?

Run Volatility ETFs Thematic Idea Now

Volatility ETFs

Other Information on Investing in Nationwide Mutual Fund

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