Nationwide Small Cap Fund Market Value
| GMSRX Fund | USD 12.84 0.23 1.82% |
| Symbol | NATIONWIDE |
Nationwide Small '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 Small'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 Small.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Nationwide Small on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Nationwide Small Cap or generate 0.0% return on investment in Nationwide Small over 690 days. Nationwide Small is related to or competes with Needham Aggressive, Siit High, Morningstar Aggressive, Franklin High, Alliancebernstein, California High-yield, and Victory High. The fund employs a passive management, or indexing, approach, which seeks to match approximately the performance of the ... More
Nationwide Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.0391 | |||
| Maximum Drawdown | 7.57 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 2.12 |
Nationwide Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Small's standard deviation. In reality, there are many statistical measures that can use Nationwide Small historical prices to predict the future Nationwide Small's volatility.| Risk Adjusted Performance | 0.1074 | |||
| Jensen Alpha | 0.1534 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0472 | |||
| Treynor Ratio | 1.14 |
Nationwide Small Cap Backtested Returns
At this stage we consider NATIONWIDE Mutual Fund to be very steady. Nationwide Small Cap has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nationwide Small, which you can use to evaluate the volatility of the fund. Please verify Nationwide Small's Mean Deviation of 0.9533, risk adjusted performance of 0.1074, and Downside Deviation of 1.11 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. The fund secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nationwide Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide Small is expected to be smaller as well.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Nationwide Small Cap has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nationwide Small time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Small Cap price movement. The serial correlation of -0.18 indicates that over 18.0% of current Nationwide Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Nationwide Small Cap lagged returns against current returns
Autocorrelation, which is Nationwide Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Small returns to help us make a trade decision. For example, suppose you find that Nationwide Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Small Lagged Returns
When evaluating Nationwide Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Small mutual fund have on its future price. Nationwide Small 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 Small autocorrelation shows the relationship between Nationwide Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Small Cap.
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 Small 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 Small security.
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