Nationwide Small Cap Fund Price on April 27, 2023
| GMRAX Fund | USD 13.31 0.01 0.08% |
Below is the normalized historical share price chart for Nationwide Small Cap extending back to June 29, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Nationwide Small stands at 13.31, as last reported on the 28th of November, with the highest price reaching 13.31 and the lowest price hitting 13.31 during the day.
If you're considering investing in Nationwide Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Nationwide Mutual Fund to be very steady. Nationwide Small Cap has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nationwide Small, which you can use to evaluate the volatility of the fund. Please verify Nationwide Small's Risk Adjusted Performance of 0.0891, mean deviation of 0.9356, and Downside Deviation of 1.13 to check out if the risk estimate we provide is consistent with the expected return of 0.15%.
Nationwide Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Nationwide |
Sharpe Ratio = 0.1155
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Estimated Market Risk
| 1.33 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Nationwide Small is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nationwide Small by adding it to a well-diversified portfolio.
Nationwide Small Valuation on April 27, 2023
It is possible to determine the worth of Nationwide Small on a given historical date. On April 27, 2023 Nationwide was worth 9.48 at the beginning of the trading date compared to the closed value of 9.48. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nationwide Small mutual fund. Still, in general, we apply an absolute valuation method to find Nationwide Small's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nationwide Small where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nationwide Small's related companies.
| Open | High | Low | Close | Volume | |
| 9.37 | 9.37 | 9.37 | 9.37 | 1.00 | |
04/27/2023 | 9.48 | 9.48 | 9.48 | 9.48 | 1.00 |
| 9.58 | 9.58 | 9.58 | 9.58 | 1.00 |
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Nationwide Small Trading Date Momentum on April 27, 2023
| On April 28 2023 Nationwide Small Cap was traded for 9.58 at the closing time. The highest daily price throughout the period was 9.58 and the lowest price was 9.58 . There was no trading activity during the period 1.0. Lack of trading volume on 04/28/2023 added to the next day price jump. The overall trading delta to closing price of the next trading day was 1.05% . The trading delta at closing time to current closing price is 0.21% . |
Nationwide Small Cap Fundamentals Correlations and Trends
By evaluating Nationwide Small's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nationwide Small's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nationwide financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nationwide Small Mutual Fund history
Nationwide Small investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nationwide is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nationwide Small Cap will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nationwide Small stock prices may prove useful in developing a viable investing in Nationwide Small
The fund employs a passive management, or indexing, approach, which seeks to match approximately the performance of the Russell 2000 Index before the deduction of fund expenses. It normally invests at least 80 percent of its net assets in a statistically selected sampling of equity securities of companies included in the Russell 2000 Index. The Russell 2000 Index is composed of approximately 2,000 common stocks of small-cap U.S. companies in a wide range of businesses.
Nationwide Small Mutual Fund Technical Analysis
Nationwide Small 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, fund market cycles, or different charting patterns.
Price Boundaries
Nationwide Small Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Nationwide Small Cap cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nationwide Small November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Nationwide Small mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nationwide Small shares will generate the highest return on investment. By undertsting and applying Nationwide Small mutual fund market strength indicators, traders can identify Nationwide Small Cap entry and exit signals to maximize returns
Nationwide Small Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nationwide Small's price direction in advance. Along with the technical and fundamental analysis of Nationwide Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nationwide to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0891 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0133 | |||
| Treynor Ratio | 0.09 |
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| Volume Indicators |
Other Information on Investing in Nationwide Mutual Fund
Nationwide Small 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 Small security.
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| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |