Nationwide Allianzgi International Fund Market Value
| NWAJX Fund | USD 20.33 0.08 0.40% |
| Symbol | Nationwide |
Nationwide Allianzgi '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 Allianzgi'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 Allianzgi.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nationwide Allianzgi on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Allianzgi International or generate 0.0% return on investment in Nationwide Allianzgi over 30 days. Nationwide Allianzgi is related to or competes with Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Developed, and Vanguard Developed. The fund seeks to achieve its investment objective by creating a diversified portfolio of non-U.S More
Nationwide Allianzgi 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 Allianzgi'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 Allianzgi International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.45 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.25 |
Nationwide Allianzgi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Allianzgi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Allianzgi's standard deviation. In reality, there are many statistical measures that can use Nationwide Allianzgi historical prices to predict the future Nationwide Allianzgi's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.18) |
Nationwide Allianzgi Backtested Returns
Nationwide Allianzgi has Sharpe Ratio of -0.11, which conveys that the entity had a -0.11% return per unit of risk over the last 3 months. Nationwide Allianzgi exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nationwide Allianzgi's Risk Adjusted Performance of (0.08), standard deviation of 0.9254, and Mean Deviation of 0.7116 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.59, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nationwide Allianzgi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nationwide Allianzgi is expected to be smaller as well.
Auto-correlation | -0.07 |
Very weak reverse predictability
Nationwide Allianzgi International has very weak reverse predictability. Overlapping area represents the amount of predictability between Nationwide Allianzgi time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Allianzgi price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Nationwide Allianzgi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nationwide Allianzgi lagged returns against current returns
Autocorrelation, which is Nationwide Allianzgi 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 Allianzgi's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Allianzgi returns to help us make a trade decision. For example, suppose you find that Nationwide Allianzgi 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 Allianzgi 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 Allianzgi mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Allianzgi 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 Allianzgi mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Allianzgi Lagged Returns
When evaluating Nationwide Allianzgi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Allianzgi mutual fund have on its future price. Nationwide Allianzgi 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 Allianzgi autocorrelation shows the relationship between Nationwide Allianzgi mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Allianzgi International.
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 Allianzgi 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 Allianzgi security.
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