Nationwide Destination 2055 Fund Market Value
| NTDSX Fund | USD 15.65 0.08 0.51% |
| Symbol | Nationwide |
Nationwide Destination '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 Destination'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 Destination.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Nationwide Destination on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Nationwide Destination 2055 or generate 0.0% return on investment in Nationwide Destination over 360 days. Nationwide Destination is related to or competes with Nationwide Investor, Nationwide Investor, Nationwide Investor, Nationwide Global, Nationwide Global, Nationwide Growth, and Nationwide Global. The fund is a fund of funds that invests primarily in affiliated mutual funds representing a variety of asset classes More
Nationwide Destination 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 Destination'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 Destination 2055 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7032 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.44 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.19 |
Nationwide Destination Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Destination's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Destination's standard deviation. In reality, there are many statistical measures that can use Nationwide Destination historical prices to predict the future Nationwide Destination's volatility.| Risk Adjusted Performance | 0.0771 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.081 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nationwide Destination'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 Destination Backtested Returns
At this stage we consider Nationwide Mutual Fund to be very steady. Nationwide Destination has Sharpe Ratio of 0.0802, which conveys that the entity had a 0.0802% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nationwide Destination, which you can use to evaluate the volatility of the fund. Please verify Nationwide Destination's Mean Deviation of 0.5184, downside deviation of 0.7032, and Risk Adjusted Performance of 0.0771 to check out if the risk estimate we provide is consistent with the expected return of 0.0531%. The fund secures a Beta (Market Risk) of 0.74, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nationwide Destination's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide Destination is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
Nationwide Destination 2055 has good predictability. Overlapping area represents the amount of predictability between Nationwide Destination time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Destination price movement. The serial correlation of 0.72 indicates that around 72.0% of current Nationwide Destination price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Nationwide Destination lagged returns against current returns
Autocorrelation, which is Nationwide Destination 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 Destination's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Destination returns to help us make a trade decision. For example, suppose you find that Nationwide Destination 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 Destination 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 Destination mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Destination 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 Destination mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Destination Lagged Returns
When evaluating Nationwide Destination's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Destination mutual fund have on its future price. Nationwide Destination 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 Destination autocorrelation shows the relationship between Nationwide Destination mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Destination 2055.
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 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.
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