Nationwide Bailard Nitive Fund Market Value
| NWHDX Fund | USD 18.57 0.01 0.05% |
| Symbol | Nationwide |
Nationwide Bailard '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 Bailard'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 Bailard.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Nationwide Bailard on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Nationwide Bailard Nitive or generate 0.0% return on investment in Nationwide Bailard over 90 days. Nationwide Bailard is related to or competes with Pnc Emerging, Investec Emerging, Transamerica Emerging, Eagle Mlp, Goldman Sachs, Doubleline Emerging, and Shelton Emerging. The fund will, under normal market conditions, invest its assets primarily in common stocks of small-cap value companies... More
Nationwide Bailard 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 Bailard'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 Bailard Nitive upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9941 | |||
| Information Ratio | 0.022 | |||
| Maximum Drawdown | 7.56 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.95 |
Nationwide Bailard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Bailard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nationwide Bailard's standard deviation. In reality, there are many statistical measures that can use Nationwide Bailard historical prices to predict the future Nationwide Bailard's volatility.| Risk Adjusted Performance | 0.1059 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0273 | |||
| Treynor Ratio | 0.1116 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nationwide Bailard'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 Bailard Nitive Backtested Returns
At this stage we consider Nationwide Mutual Fund to be very steady. Nationwide Bailard Nitive has Sharpe Ratio of 0.16, which conveys that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nationwide Bailard, which you can use to evaluate the volatility of the fund. Please verify Nationwide Bailard's Risk Adjusted Performance of 0.1059, downside deviation of 0.9941, and Mean Deviation of 0.8376 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. The fund secures a Beta (Market Risk) of 1.39, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nationwide Bailard will likely underperform.
Auto-correlation | 0.62 |
Good predictability
Nationwide Bailard Nitive has good predictability. Overlapping area represents the amount of predictability between Nationwide Bailard time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Bailard Nitive price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Nationwide Bailard price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Nationwide Bailard Nitive lagged returns against current returns
Autocorrelation, which is Nationwide Bailard 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 Bailard's mutual fund expected returns. We can calculate the autocorrelation of Nationwide Bailard returns to help us make a trade decision. For example, suppose you find that Nationwide Bailard 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 Bailard 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 Bailard mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nationwide Bailard 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 Bailard mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nationwide Bailard Lagged Returns
When evaluating Nationwide Bailard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nationwide Bailard mutual fund have on its future price. Nationwide Bailard 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 Bailard autocorrelation shows the relationship between Nationwide Bailard mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nationwide Bailard Nitive.
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 Bailard 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 Bailard security.
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