Nationwide Bny Mellon Fund Manager Performance Evaluation
| NWAOX Fund | USD 41.32 0.13 0.32% |
The fund secures a Beta (Market Risk) of 0.84, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nationwide Bny's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide Bny is expected to be smaller as well.
Risk-Adjusted Performance
15 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Nationwide Bny Mellon 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 Bny may actually be approaching a critical reversion point that can send shares even higher in January 2025.
...more| Expense Ratio | 0.9100 |
Nationwide |
Nationwide Bny Relative Risk vs. Return Landscape
If you would invest 3,799 in Nationwide Bny Mellon on September 2, 2024 and sell it today you would earn a total of 333.00 from holding Nationwide Bny Mellon or generate 8.77% return on investment over 90 days. Nationwide Bny Mellon is currently producing 0.1337% returns and takes up 0.6862% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than Nationwide, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Nationwide Bny Current Valuation
Undervalued
Today
Please note that Nationwide Bny's price fluctuation is very steady at this time. At this time, the fund appears to be undervalued. Nationwide Bny Mellon secures a last-minute Real Value of $45.25 per share. The latest price of the fund is $41.32. We determine the value of Nationwide Bny Mellon 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 Bny is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Nationwide Mutual Fund. However, Nationwide Bny'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 41.32 | Real 45.25 | Hype 41.32 | Naive 41.41 |
The intrinsic value of Nationwide Bny'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 Bny'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 Bny Mellon 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 Bny more accurately as focusing exclusively on Nationwide Bny's fundamentals will not take into account other important factors: Nationwide Bny Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Bny's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Nationwide Bny Mellon, and traders can use it to determine the average amount a Nationwide Bny'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 = 0.1948
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| Cash | NWAOX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.69 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Nationwide Bny 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 Bny by adding it to a well-diversified portfolio.
Nationwide Bny Fundamentals Growth
Nationwide Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Nationwide Bny, and Nationwide Bny 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.
| Total Asset | 560.98 M | ||||
About Nationwide Bny Performance
Evaluating Nationwide Bny's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Nationwide Bny 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 Bny 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, under normal circumstances, at least 80 percent of its net assets in equity securities of U.S. issuers, primarily common stocks. Equity securities also may include preferred stocks, convertible securities and derivatives the value of which are linked to equity securities. The fund also may invest up to 20 percent of its net assets in equity securities of foreign companies, which are companies organized under the laws of countries other than the United States.Things to note about Nationwide Bny Mellon performance evaluation
Checking the ongoing alerts about Nationwide Bny for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Nationwide Bny Mellon help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Nationwide Bny's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Nationwide Bny's mutual fund performance include:- Analyzing Nationwide Bny'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 Bny's stock is overvalued or undervalued compared to its peers.
- Examining Nationwide Bny'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 Bny's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nationwide Bny's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Nationwide Bny's mutual fund. These opinions can provide insight into Nationwide Bny's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Nationwide Mutual Fund
Nationwide Bny 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 Bny security.
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