Nationwide Global Equity Fund Market Value
| GGESX Fund | USD 24.65 0.11 0.44% |
| Symbol | Nationwide |
Nationwide Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nationwide Global's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nationwide Global.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in Nationwide Global on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding Nationwide Global Equity or generate 0.0% return on investment in Nationwide Global over 570 days. Nationwide Global is related to or competes with American Mutual, Fidelity Series, Dunham Large, Cb Large, Transamerica Large, Aqr Large, and Qs Us. The fund invests at least 80 percent of its net assets in equity securities More
Nationwide Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nationwide Global's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nationwide Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9016 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.48 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.12 |
Nationwide Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Global's standard deviation. In reality, there are many statistical measures that can use Nationwide Global historical prices to predict the future Nationwide Global's volatility.| Risk Adjusted Performance | 0.0458 | |||
| Jensen Alpha | 0.0339 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 1.74 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nationwide Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nationwide Global Equity Backtested Returns
At this stage we consider Nationwide Mutual Fund to be very steady. Nationwide Global Equity has Sharpe Ratio of 0.0338, which conveys that the entity had a 0.0338% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nationwide Global, which you can use to evaluate the volatility of the fund. Please verify Nationwide Global's Mean Deviation of 0.6046, risk adjusted performance of 0.0458, and Downside Deviation of 0.9016 to check out if the risk estimate we provide is consistent with the expected return of 0.0264%. The fund secures a Beta (Market Risk) of 0.0209, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nationwide Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide Global is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Nationwide Global Equity has good predictability. Overlapping area represents the amount of predictability between Nationwide Global time series from 8th of May 2023 to 17th of February 2024 and 17th of February 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nationwide Global Equity price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Nationwide Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Nationwide Global Equity lagged returns against current returns
Autocorrelation, which is Nationwide Global mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nationwide Global's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Global returns to help us make a trade decision. For example, suppose you find that Nationwide Global has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nationwide Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nationwide Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nationwide Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Global Lagged Returns
When evaluating Nationwide Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Global mutual fund have on its future price. Nationwide Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nationwide Global autocorrelation shows the relationship between Nationwide Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Global Equity.
Regressed Prices |
| Timeline |
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 Global 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 Global security.
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |