Nationwide Etf Profile
Nationwide is trading at 20.61 as of the 26th of November 2024. This is a No Change since the beginning of the trading day. The etf's open price was 20.61. Equity ratings for Nationwide are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2024 and ending today, the 26th of November 2024. Click here to learn more.
Nationwide Etf Highlights
| Old Name | Nationwide Russell 2000 Risk-Managed Income ETF |
| Business Concentration | Derivative Income, Nationwide (View all Sectors) |
| Country Name | USA |
| Returns Y T D | (0.71) |
| Name | Nationwide Russell 2000 Risk-Managed Income ETF |
| Currency Code | USD |
| Open Figi | BBG0145JHSQ5 |
| 1y Volatility | 11.45 |
| 200 Day M A | 19.3635 |
| 50 Day M A | 18.9442 |
| Code | NTKI |
| Updated At | 6th of March 2024 |
| Currency Name | US Dollar |
| Type | ETF |
Nationwide [NTKI] is traded in USA and was established 2021-12-16. The fund is listed under Derivative Income category and is part of Nationwide family. Nationwide now have 12.93 M in assets. , while the total return for the last year was -1.5%.
Check Nationwide Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Nationwide Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Nationwide Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Nationwide Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Nationwide Etf Constituents
| AGPXX | Invesco Short Term Investments | Money Market Fund | US Money Market Fund | |
| BHVN | Biohaven Pharmaceutical Holding | Stock | Health Care | |
| EME | EMCOR Group | Stock | Industrials | |
| GTLS | Chart Industries | Stock | Industrials | |
| MTDR | Matador Resources | Stock | Energy | |
| MUSA | Murphy USA | Stock | Consumer Discretionary | |
| ROLL | RBC Bearings Incorporated | Stock | Industrials | |
| SSB | SouthState | Stock | Financials |
Nationwide Risk Profiles
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. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 0.4466 | |||
| Semi Deviation | 0.5401 | |||
| Standard Deviation | 0.6574 | |||
| Variance | 0.4321 |
Nationwide Against Markets
Nationwide Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nationwide etf to make a market-neutral strategy. Peer analysis of Nationwide could also be used in its relative valuation, which is a method of valuing Nationwide by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of Nationwide is measured differently than its book value, which is the value of Nationwide that is recorded on the company's balance sheet. Investors also form their own opinion of Nationwide's value that differs from its market value or its book value, called intrinsic value, which is Nationwide's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nationwide's market value can be influenced by many factors that don't directly affect Nationwide's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nationwide's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide'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.