Nationwide Loomis All Fund Market Value
| NWADX Fund | USD 20.92 0.19 0.92% |
| Symbol | Nationwide |
Nationwide Loomis '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 Loomis' 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 Loomis.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Nationwide Loomis on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Loomis All or generate 0.0% return on investment in Nationwide Loomis over 180 days. Nationwide Loomis is related to or competes with Jhancock Diversified, Harbor Diversified, Oppenheimer International, Pgim Jennison, T Rowe, Small Cap, and Principal Lifetime. Under normal circumstances, the fund will invest in equity securities, primarily common stocks, issued by companies of a... More
Nationwide Loomis 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 Loomis' 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 Loomis All upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.0672 | |||
| Maximum Drawdown | 4.87 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 1.89 |
Nationwide Loomis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Loomis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Loomis' standard deviation. In reality, there are many statistical measures that can use Nationwide Loomis historical prices to predict the future Nationwide Loomis' volatility.| Risk Adjusted Performance | 0.1526 | |||
| Jensen Alpha | 0.0778 | |||
| Total Risk Alpha | 0.021 | |||
| Sortino Ratio | 0.0554 | |||
| Treynor Ratio | 0.2093 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nationwide Loomis' 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 Loomis All Backtested Returns
Nationwide Loomis appears to be very steady, given 3 months investment horizon. Nationwide Loomis All has Sharpe Ratio of 0.24, which conveys that the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nationwide Loomis, which you can use to evaluate the volatility of the fund. Please exercise Nationwide Loomis' Downside Deviation of 1.3, risk adjusted performance of 0.1526, and Mean Deviation of 0.7703 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.95, which conveys possible diversification benefits within a given portfolio. Nationwide Loomis returns are very sensitive to returns on the market. As the market goes up or down, Nationwide Loomis is expected to follow.
Auto-correlation | 0.13 |
Insignificant predictability
Nationwide Loomis All has insignificant predictability. Overlapping area represents the amount of predictability between Nationwide Loomis time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Loomis All price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Nationwide Loomis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
Nationwide Loomis All lagged returns against current returns
Autocorrelation, which is Nationwide Loomis 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 Loomis' mutual fund expected returns. We can calculate the autocorrelation of Nationwide Loomis returns to help us make a trade decision. For example, suppose you find that Nationwide Loomis 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 Loomis 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 Loomis mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Loomis 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 Loomis mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Loomis Lagged Returns
When evaluating Nationwide Loomis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Loomis mutual fund have on its future price. Nationwide Loomis 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 Loomis autocorrelation shows the relationship between Nationwide Loomis mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Loomis All.
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 Loomis 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 Loomis security.
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