Nationwide Destination 2030 Fund Return On Asset
| NWBIX Fund | USD 8.96 0.04 0.45% |
Nationwide Destination 2030 fundamentals help investors to digest information that contributes to Nationwide Destination's financial success or failures. It also enables traders to predict the movement of Nationwide Mutual Fund. The fundamental analysis module provides a way to measure Nationwide Destination's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nationwide Destination mutual fund.
Nationwide |
Nationwide Destination 2030 Mutual Fund Return On Asset Analysis
Nationwide Destination's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Based on the latest financial disclosure, Nationwide Destination 2030 has a Return On Asset of 0.0. This indicator is about the same for the Nationwide average (which is currently at 0.0) family and about the same as Target-Date 2030 (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).
Did you try this?
Run Idea Analyzer Now
Idea AnalyzerAnalyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |
| All Next | Launch Module |
Fund Asset Allocation for Nationwide Destination
The fund invests 43.76% of asset under management in tradable equity instruments, with the rest of investments concentrated in bonds (46.7%) , cash (4.95%) and various exotic instruments.Asset allocation divides Nationwide Destination's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Nationwide Fundamentals
| Price To Earning | 17.97 X | ||||
| Price To Book | 1.91 X | ||||
| Price To Sales | 1.29 X | ||||
| Total Asset | 233.66 M | ||||
| Annual Yield | 0.02 % | ||||
| Year To Date Return | 10.19 % | ||||
| One Year Return | 15.92 % | ||||
| Three Year Return | 1.47 % | ||||
| Five Year Return | 5.72 % | ||||
| Ten Year Return | 7.27 % | ||||
| Net Asset | 312.49 M | ||||
| Cash Position Weight | 4.95 % | ||||
| Equity Positions Weight | 43.76 % | ||||
| Bond Positions Weight | 46.70 % |
About Nationwide Destination Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nationwide Destination 2030's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nationwide Destination using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nationwide Destination 2030 based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nationwide Mutual Fund
Nationwide Destination 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 Destination security.
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |