Nationwide Mid Cap Fund Manager Performance Evaluation
| GMXAX Fund | USD 19.03 0.02 0.11% |
The fund secures a Beta (Market Risk) of 1.17, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nationwide Mid will likely underperform.
Risk-Adjusted Performance
15 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Nationwide Mid Cap are ranked lower than 15 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Nationwide Mid may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...more| Expense Ratio Date | 28th of February 2023 | |
| Expense Ratio | 0.6900 |
Nationwide |
Nationwide Mid Relative Risk vs. Return Landscape
If you would invest 1,699 in Nationwide Mid Cap on September 1, 2024 and sell it today you would earn a total of 204.00 from holding Nationwide Mid Cap or generate 12.01% return on investment over 90 days. Nationwide Mid Cap is currently producing 0.1816% returns and takes up 0.9332% volatility of returns over 90 trading days. Put another way, 8% of traded mutual funds are less volatile than Nationwide, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Nationwide Mid Current Valuation
Fairly Valued
Today
Please note that Nationwide Mid's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Nationwide Mid Cap secures a last-minute Real Value of $18.74 per share. The latest price of the fund is $19.03. We determine the value of Nationwide Mid Cap from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Nationwide Mid is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Nationwide Mutual Fund. However, Nationwide Mid's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 19.03 | Real 18.74 | Hype 19.03 | Naive 19.2 |
The intrinsic value of Nationwide Mid's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Nationwide Mid's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Nationwide Mid Cap helps investors to forecast how Nationwide mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Nationwide Mid more accurately as focusing exclusively on Nationwide Mid's fundamentals will not take into account other important factors: Nationwide Mid Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Mid's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Nationwide Mid Cap, and traders can use it to determine the average amount a Nationwide Mid's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1946
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | GMXAX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.93 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Nationwide Mid is performing at about 15% 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 Mid by adding it to a well-diversified portfolio.
Nationwide Mid Fundamentals Growth
Nationwide Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Nationwide Mid, and Nationwide Mid fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nationwide Mutual Fund performance.
| Price To Earning | 20.75 X | ||||
| Price To Book | 2.25 X | ||||
| Price To Sales | 1.26 X | ||||
| Total Asset | 219.63 M | ||||
About Nationwide Mid Performance
Evaluating Nationwide Mid's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Nationwide Mid has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Nationwide Mid has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its net assets in equity securities of companies included in the SP MidCap 400 Index. The SP MidCap 400 Index includes approximately 400 stocks of mid-cap U.S. companies in a wide range of businesses. The adviser employs a passive management, or indexing, approach, which seeks to match approximately the performance of the SP MidCap 400 Index before the deduction of fund expenses.Things to note about Nationwide Mid Cap performance evaluation
Checking the ongoing alerts about Nationwide Mid for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Nationwide Mid Cap help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund retains 100.13% of its assets under management (AUM) in equities |
- Analyzing Nationwide Mid's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nationwide Mid's stock is overvalued or undervalued compared to its peers.
- Examining Nationwide Mid's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Nationwide Mid's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nationwide Mid's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Nationwide Mid's mutual fund. These opinions can provide insight into Nationwide Mid's potential for growth and whether the stock is currently undervalued or overvalued.
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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