Nationwide Fund6 Fund Manager Performance Evaluation
| NWABX Fund | USD 34.78 0.14 0.40% |
The fund secures a Beta (Market Risk) of 0.85, which conveys possible diversification benefits within a given portfolio. Nationwide Fund6 returns are very sensitive to returns on the market. As the market goes up or down, Nationwide Fund6 is expected to follow.
Risk-Adjusted Performance
8 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Nationwide Fund6 are ranked lower than 8 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental drivers, Nationwide Fund6 is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 0.5500 |
Nationwide |
Nationwide Fund6 Relative Risk vs. Return Landscape
If you would invest 3,285 in Nationwide Fund6 on August 30, 2024 and sell it today you would earn a total of 189.00 from holding Nationwide Fund6 or generate 5.75% return on investment over 90 days. Nationwide Fund6 is currently producing 0.0921% returns and takes up 0.8159% volatility of returns over 90 trading days. Put another way, 7% of traded mutual funds are less volatile than Nationwide, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Nationwide Fund6 Current Valuation
Fairly Valued
Today
Please note that Nationwide Fund6's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Nationwide Fund6 secures a last-minute Real Value of $34.31 per share. The latest price of the fund is $34.78. We determine the value of Nationwide Fund6 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 Fund6 is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Nationwide Mutual Fund. However, Nationwide Fund6'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 34.78 | Real 34.31 | Hype 34.74 | Naive 34.69 |
The intrinsic value of Nationwide Fund6'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 Fund6'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 Fund6 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 Fund6 more accurately as focusing exclusively on Nationwide Fund6's fundamentals will not take into account other important factors: Nationwide Fund6 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Fund6's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Nationwide Fund6, and traders can use it to determine the average amount a Nationwide Fund6'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 = 0.1129
| Best Portfolio | Best Equity | |||
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| Cash | NWABX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.82 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Nationwide Fund6 is performing at about 8% 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 Fund6 by adding it to a well-diversified portfolio.
Nationwide Fund6 Fundamentals Growth
Nationwide Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Nationwide Fund6, and Nationwide Fund6 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 | 2.32 X | |||
| Total Asset | 1.05 B | |||
About Nationwide Fund6 Performance
Evaluating Nationwide Fund6's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Nationwide Fund6 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 Fund6 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 invests in a diversified portfolio of common stocks to produce an overall blended equity portfolio consisting of various types of stocks that the subadviser believes offer the potential for capital growth andor dividend income. Most of the stocks in which the fund invests are issued by large-capitalization companies. The subadviser employs a bottom-up approach to selecting securities, emphasizing those that the advisor believes to represent above-average potential for total return, based on fundamental research and analysis.Things to note about Nationwide Fund6 performance evaluation
Checking the ongoing alerts about Nationwide Fund6 for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Nationwide Fund6 help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Nationwide Fund6's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Nationwide Fund6's mutual fund performance include:- Analyzing Nationwide Fund6'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 Fund6's stock is overvalued or undervalued compared to its peers.
- Examining Nationwide Fund6'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 Fund6's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nationwide Fund6's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Nationwide Fund6's mutual fund. These opinions can provide insight into Nationwide Fund6's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Nationwide Mutual Fund
Nationwide Fund6 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 Fund6 security.
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