Nationwide Bond Fund Market Value
| NBDAX Fund | USD 8.21 0.02 0.24% |
| Symbol | Nationwide |
Nationwide Bond '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 Bond'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 Bond.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Nationwide Bond on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Nationwide Bond Fund or generate 0.0% return on investment in Nationwide Bond over 720 days. Nationwide Bond is related to or competes with Sprott Gold, First Eagle, James Balanced:, The Gold, International Investors, and Invesco Gold. The fund normally invests at least 80 percent of its net assets in a wide variety of investment grade fixed-income secur... More
Nationwide Bond 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 Bond'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 Bond Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.32 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.4831 |
Nationwide Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Bond's standard deviation. In reality, there are many statistical measures that can use Nationwide Bond historical prices to predict the future Nationwide Bond's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.4686 |
Nationwide Bond Backtested Returns
Nationwide Bond has Sharpe Ratio of -0.0396, which conveys that the entity had a -0.0396% return per unit of risk over the last 3 months. Nationwide Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nationwide Bond's Mean Deviation of 0.2401, risk adjusted performance of (0.07), and Standard Deviation of 0.3187 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0673, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nationwide Bond are expected to decrease at a much lower rate. During the bear market, Nationwide Bond is likely to outperform the market.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Nationwide Bond Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nationwide Bond time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Bond price movement. The serial correlation of -0.72 indicates that around 72.0% of current Nationwide Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Nationwide Bond lagged returns against current returns
Autocorrelation, which is Nationwide Bond 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 Bond's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Bond returns to help us make a trade decision. For example, suppose you find that Nationwide Bond 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 Bond 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 Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Bond 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 Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Bond Lagged Returns
When evaluating Nationwide Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Bond mutual fund have on its future price. Nationwide Bond 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 Bond autocorrelation shows the relationship between Nationwide Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Bond Fund.
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 Bond 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 Bond security.
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