Nationwide Mid Competition

Mutual Funds . USA . 
Fund . Nationwide Mid Cap
NWXQX Fund  USD 19.14  0.32  1.64%   
Nationwide Mid Cap competes with Nationwide Small, Nationwide International, Nationwide, Morningstar Unconstrained, and Thrivent High; as well as few others. The fund is listed under Mid-Cap Blend category and is part of Nationwide family. Analyzing Nationwide Mid 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 Mid to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Nationwide Mid Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Nationwide Mid competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
18.1319.1420.15
Details
Intrinsic
Valuation
LowRealHigh
17.9118.9219.93
Details
Naive
Forecast
LowNextHigh
17.9018.9119.92
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
18.9419.2519.55
Details

Nationwide Mid Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nationwide Mid 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 Mid Cap does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
GRISX
+ 0.91
GMRAX
RRTLX
+ 0.87
MSTSX
OSHDF
+ 0.78
VIASP
MSTSX
+ 0.74
GRISX
RRTLX
+ 0.72
LBHIX
RRTLX
+ 0.69
GRISX
  
High negative correlations   
VIASP
- 0.72
GIIAX
OSHDF
- 0.71
GIIAX
70082LAB3
- 0.64
GIIAX
GIIAX
- 0.55
GMRAX
GRISX
- 0.53
GIIAX
LBHIX
- 0.24
GIIAX

Risk-Adjusted Indicators

There is a big difference between Nationwide Mutual Fund performing well and Nationwide Mid 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 Mid'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GMRAX  0.96 (0.02) 0.05  0.11  0.89 
(1.13)
 2.15 
(1.63)
 7.60 
GIIAX  0.67 (0.14) 0.00 (0.17) 0.00 
 0.00 
 1.45 
(1.66)
 3.94 
GRISX  0.56  0.00 (0.02) 0.12  0.65 
(0.62)
 1.16 
(1.30)
 3.84 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
MSTSX  0.48 (0.04)(0.13) 0.06  0.50 
(0.59)
 1.21 
(1.02)
 2.80 
LBHIX  0.11  0.01 (0.41) 0.46  0.00 
(0.29)
 0.24 
(0.24)
 0.96 
VIASP  0.72  0.00 (0.02) 0.00  1.05 
(0.80)
 2.28 
(1.15)
 7.18 
RRTLX  0.24 (0.02)(0.31) 0.05  0.24 
(0.27)
 0.56 
(0.56)
 1.37 
OSHDF  39.65  20.22  0.00 (24.88) 0.00 
 0.00 
 0.00 
 0.00 
 1,329 
70082LAB3  1.00  0.07 (0.04)(0.12) 2.25 
(1.07)
 1.75 
(1.69)
 24.27 
All Fundamental Data

Nationwide Mid Competitive Analysis

The better you understand Nationwide Mid competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nationwide Mid'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 Mid'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
NWXQX GMRAX GIIAX GRISX AQUI MSTSX LBHIX VIASP RRTLX OSHDF
 1.64 
 19.14 
Nationwide
 1.77 
 13.20 
Nationwide
 0.34 
 8.82 
NATIONWIDE
 0.35 
 28.51 
Nationwide
 0.00 
 0.01 
Aquagold
 0.43 
 11.73 
Morningstar
 0.24 
 4.25 
Thrivent
 0.54 
 22.46 
Via
 0.24 
 12.60 
RRTLX
 1,329 
 0.01 
Oshidori
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Out of control
Market Performance
(90 Days Performance)
OK
OK
Very Weak
OK
Very Weak
Insignificant
Good
OK
Insignificant
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Average
Low
Low
Average
Low
Average
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Hold
Strong Hold
Hold
Strong Hold
Strong Sell
Strong Hold
Strong Sell
Cautious Hold
Cautious Hold
Strong Sell
Current Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
3.49
N/A
N/A
Net Asset
1.37 B
481.9 M
1.57 B
3.13 B
3.19 K
116.1 M
674.44 M
355.28 M
1.46 B
6.31 B
Profit Margin
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.0094
N/A
N/A
EBITDA
N/A
N/A
N/A
N/A
(727.69 K)
N/A
N/A
33.09 M
N/A
(3.49 B)
Price To Book
N/A
1.91
1.48
2.68
N/A
N/A
1.58
N/A
2.13
0.005
Current Valuation
N/A
N/A
N/A
N/A
912.76 K
N/A
N/A
535.95 M
N/A
103.84 M
Operating Margin
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-0.14
N/A
1.04
Five Year Return
11.09
8.56
4.99
14.88
N/A
8.6
3.31
8.97
0.0406
N/A
Retained Earnings
N/A
N/A
N/A
N/A
(4.18 M)
N/A
N/A
N/A
N/A
N/A
One Year Return
27.54
29.21
10.84
31.8
N/A
19.87
11.68
N/A
0.067
N/A
Beta
N/A
N/A
N/A
N/A
7.05
N/A
N/A
1.16
N/A
0.67
Cash Position Weight
-0.13
-0.07
-0.27
0.16
N/A
14.28
6.56
N/A
7.22
N/A
Equity Positions Weight
100.13
100.07
100.21
99.84
N/A
61.63
0.07
N/A
38.52
N/A
Number Of Employees
1
1
1
1
7
1
1
169
1
31
Shares Outstanding
N/A
N/A
N/A
N/A
965.83 K
N/A
N/A
N/A
N/A
6.11 B
Three Year Return
4.51
0.0653
1.18
9.0
N/A
7.0
2.59
N/A
0.0491
N/A
Cash Flow From Operations
N/A
N/A
N/A
N/A
(218.19 K)
N/A
N/A
12.7 M
N/A
499.26 M
Annual Yield
0.0105
0.0089
0.0295
0.0092
N/A
0.021
0.0617
0.0972
0.0211
N/A
Total Debt
N/A
N/A
N/A
N/A
N/A
N/A
N/A
135 M
N/A
N/A
Return On Equity
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.017
N/A
-0.5
Bond Positions Weight
N/A
N/A
N/A
N/A
N/A
22.72
92.23
N/A
14.43
N/A
Z Score
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.0
N/A
N/A
Holdings Turnover
N/A
N/A
N/A
N/A
N/A
269.0
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
N/A
N/A
-5.5
N/A
N/A
-0.11
N/A
-0.46
Book Value Per Share
N/A
N/A
N/A
N/A
-1.18
N/A
N/A
3.66
N/A
0.89
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
N/A
4.29 K
N/A
N/A
Minimum Initial Investment
N/A
N/A
N/A
N/A
N/A
N/A
2 K
N/A
N/A
N/A
Current Liabilities
N/A
N/A
N/A
N/A
794 K
N/A
N/A
N/A
N/A
N/A
Total Asset
716.33 M
204.6 M
870.16 M
1.31 B
3.19 K
215.11 M
347.66 M
355.28 M
1.03 B
6.31 B
Last Dividend Paid
0.03
N/A
0.03
0.05
N/A
N/A
0.02
0.73
0.14
N/A
Debt To Equity
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.69
N/A
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.7
N/A
N/A
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.84
Market Capitalization
N/A
N/A
N/A
N/A
96.58 K
50.36 M
N/A
N/A
N/A
233.49 M
Price To Earning
N/A
21.78
16.03
19.07
-0.22
N/A
35.48
26.83
18.25
N/A
Price To Sales
N/A
1.15
1.03
1.86
N/A
N/A
1.23
N/A
1.57
N/A
Net Income
N/A
N/A
N/A
N/A
(627.79 K)
N/A
N/A
5.2 M
N/A
(3.15 B)
Earnings Per Share
N/A
N/A
N/A
N/A
-0.63
N/A
N/A
1.17
N/A
N/A
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
30.28
Year To Date Return
16.3
14.47
4.42
24.53
N/A
13.69
6.69
N/A
-0.0211
N/A
Revenue
N/A
N/A
N/A
N/A
N/A
N/A
N/A
393.49 M
N/A
(3.1 B)
Ten Year Return
9.77
8.74
4.81
12.69
N/A
N/A
6.0
N/A
5.76
N/A
Working Capital
N/A
N/A
N/A
N/A
(794 K)
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
N/A
1.15 K
N/A
N/A
51.31 M
N/A
N/A
Cash Per Share
N/A
N/A
N/A
N/A
N/A
N/A
N/A
3.23
N/A
N/A
Gross Profit
N/A
N/A
N/A
N/A
(143.88 K)
N/A
N/A
74.67 M
N/A
(4.09 B)
Day Typical Price
19.14
13.2
8.82
28.51
0.006
11.73
4.25
22.4
12.6
0.01
Accumulation Distribution
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.0085
N/A
N/A
Market Facilitation Index
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.19
N/A
N/A
Daily Balance Of Power
(9,223,372,036,855)
9.2 T
9.2 T
9.2 T
0.0
9.2 T
9.2 T
0.6316
9.2 T
9.2 T
Period Momentum Indicator
(0.32)
0.23
0.03
0.1
N/A
0.05
0.01
0.12
0.03
0.0093
Rate Of Daily Change
0.98
1.02
1.0
1.0
1.0
1.0
1.0
1.01
1.0
14.29
Day Median Price
19.14
13.2
8.82
28.51
0.006
11.73
4.25
22.37
12.6
0.01
Price Action Indicator
(0.16)
0.11
0.015
0.05
N/A
0.025
0.005
0.16
0.015
0.0046
Relative Strength Index
16.52
19.33
28.22
33.51
N/A
13.35
11.7
67.94
29.21
N/A
Coefficient Of Variation
821.92
742.99
(1,184)
696.31
N/A
1347.71
583.8
1077.04
1246.41
812.4
Mean Deviation
0.717
0.9552
0.6674
0.5566
N/A
0.477
0.1099
0.7202
0.2378
39.65
Jensen Alpha
0.1031
(0.02)
(0.14)
(0)
N/A
(0.04)
0.0139
N/A
(0.02)
20.22
Total Risk Alpha
(0.05)
(0.04)
(0.22)
(0.02)
N/A
(0.06)
(0.01)
(0.08)
(0.03)
(5.63)
Sortino Ratio
(0.01)
0.0451
N/A
(0.02)
N/A
(0.13)
(0.41)
(0.02)
(0.31)
N/A
Downside Variance
0.7976
1.26
N/A
0.7094
N/A
0.4033
0.0625
1.57
0.1188
N/A
Standard Deviation
1.0
1.35
0.8504
0.7723
N/A
0.6268
0.1689
1.14
0.308
163.54
Kurtosis
3.46
3.88
0.4239
1.84
N/A
0.1933
3.69
5.9
0.049
66.0
Potential Upside
1.74
2.15
1.45
1.16
N/A
1.21
0.2381
2.28
0.5564
N/A
Treynor Ratio
1.56
0.1106
(0.17)
0.1192
N/A
0.0581
0.4574
N/A
0.0495
(24.88)
Maximum Drawdown
5.2
7.6
3.94
3.84
N/A
2.8
0.9552
7.18
1.37
1328.57
Variance
1.0
1.82
0.7232
0.5964
N/A
0.3929
0.0285
1.31
0.0949
26743.97
Market Risk Adjusted Performance
1.57
0.1206
(0.16)
0.1292
N/A
0.0681
0.4674
N/A
0.0595
(24.87)
Risk Adjusted Performance
0.0956
0.1075
(0.06)
0.1102
N/A
0.0547
0.096
0.0745
0.0466
0.1044
Skewness
0.8722
1.11
0.1884
(0.21)
N/A
0.1197
1.16
(0.94)
0.0337
8.12
Semi Deviation
0.689
0.8914
N/A
0.6466
N/A
0.5046
0.0
1.05
0.2395
N/A
Information Ratio
(0.01)
0.0376
(0.24)
(0.03)
N/A
(0.13)
(0.60)
(0.02)
(0.34)
0.1223
Value At Risk
(1.24)
(1.63)
(1.66)
(1.30)
N/A
(1.02)
(0.24)
(1.15)
(0.56)
N/A
Expected Short fall
(0.75)
(1.13)
N/A
(0.62)
N/A
(0.59)
(0.29)
(0.80)
(0.27)
N/A
Downside Deviation
0.8931
1.12
N/A
0.8423
N/A
0.635
0.25
1.25
0.3447
N/A
Semi Variance
0.4747
0.7946
N/A
0.4181
N/A
0.2546
(0.02)
1.1
0.0574
N/A

Nationwide Mid Competition Performance Charts

Five steps to successful analysis of Nationwide Mid Competition

Nationwide Mid'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 Mid Cap in relation to its competition. Nationwide Mid's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Nationwide Mid 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 Mid's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nationwide Mid Cap, 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.

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Gambling
Gambling Theme
Companies that are related to providing gambling services across multiple geographical areas by investing, exploring, or producing software, hardware, and related infrastructure for running gambling operations or trading speculative assets. The Gambling theme has 38 constituents at this time.
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Other Information on Investing in Nationwide Mutual Fund

Nationwide Mid 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 Mid security.
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