Nationwide Destination 2055 Fund Manager Performance Evaluation
| NTDSX Fund | USD 15.73 0.02 0.13% |
The fund secures a Beta (Market Risk) of 0.018, which conveys not very significant fluctuations relative to the market. 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.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Nationwide Destination 2055 are ranked lower than 6 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Nationwide Destination is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 0.6800 |
Nationwide |
Nationwide Destination Relative Risk vs. Return Landscape
If you would invest 1,521 in Nationwide Destination 2055 on August 30, 2024 and sell it today you would earn a total of 52.00 from holding Nationwide Destination 2055 or generate 3.42% return on investment over 90 days. Nationwide Destination 2055 is currently producing 0.0556% returns and takes up 0.6686% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than Nationwide, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Nationwide Destination Current Valuation
Fairly Valued
Today
Please note that Nationwide Destination's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Nationwide Destination secures a last-minute Real Value of $15.59 per share. The latest price of the fund is $15.73. We determine the value of Nationwide Destination from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Nationwide Destination is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Nationwide Mutual Fund. However, Nationwide Destination's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 15.73 | Real 15.59 | Hype 15.73 | Naive 15.68 |
The intrinsic value of Nationwide Destination's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Nationwide Destination's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Nationwide Destination 2055 helps investors to forecast how Nationwide mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Nationwide Destination more accurately as focusing exclusively on Nationwide Destination's fundamentals will not take into account other important factors: Nationwide Destination Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nationwide Destination's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Nationwide Destination 2055, and traders can use it to determine the average amount a Nationwide Destination's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0831
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| Cash | NTDSX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.67 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Nationwide Destination is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nationwide Destination by adding it to a well-diversified portfolio.
Nationwide Destination Fundamentals Growth
Nationwide Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Nationwide Destination, and Nationwide Destination fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nationwide Mutual Fund performance.
| Price To Earning | 17.95 X | |||
| Price To Book | 1.91 X | |||
| Price To Sales | 1.26 X | |||
| Total Asset | 88.08 M | |||
About Nationwide Destination Performance
Evaluating Nationwide Destination's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Nationwide Destination has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Nationwide Destination has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund is a fund of funds that invests primarily in affiliated mutual funds representing a variety of asset classes. It invests in a professionally selected mix of different asset classes that is tailored for investors planning to retire in, or close to, the year 2055. The fund allocated approximately 66 percent of its net assets in U.S. stocks , approximately 25 percent in international stocks, and approximately 9 percent to bonds.Things to note about Nationwide Destination performance evaluation
Checking the ongoing alerts about Nationwide Destination for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Nationwide Destination help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains about 33.0% of its assets in bonds |
- Analyzing Nationwide Destination's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nationwide Destination's stock is overvalued or undervalued compared to its peers.
- Examining Nationwide Destination's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Nationwide Destination's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nationwide Destination's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Nationwide Destination's mutual fund. These opinions can provide insight into Nationwide Destination's potential for growth and whether the stock is currently undervalued or overvalued.
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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