Nationwide Destination Net Asset vs. Price To Earning
| NTDAX Fund | USD 15.59 0.01 0.06% |
For Nationwide Destination profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nationwide Destination to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nationwide Destination 2055 utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nationwide Destination's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nationwide Destination 2055 over time as well as its relative position and ranking within its peers.
Nationwide |
Nationwide Destination Price To Earning vs. Net Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nationwide Destination's current stock value. Our valuation model uses many indicators to compare Nationwide Destination value to that of its competitors to determine the firm's financial worth. Nationwide Destination 2055 is number one fund in net asset among similar funds. It also is number one fund in price to earning among similar funds . The ratio of Net Asset to Price To Earning for Nationwide Destination 2055 is about 4,141,650 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nationwide Destination's earnings, one of the primary drivers of an investment's value.Nationwide Price To Earning vs. Net Asset
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Nationwide Destination |
| = | 77.08 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Nationwide Destination |
| = | 18.61 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Nationwide Price To Earning Comparison
Nationwide Destination is currently under evaluation in price to earning among similar funds.
Nationwide Destination Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nationwide Destination, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nationwide Destination will eventually generate negative long term returns. The profitability progress is the general direction of Nationwide Destination's change in net profit over the period of time. It can combine multiple indicators of Nationwide Destination, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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.
Nationwide Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nationwide Destination. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Nationwide Destination position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Nationwide Destination's important profitability drivers and their relationship over time.
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Use Investing Themes to Complement your Nationwide Destination position
In addition to having Nationwide Destination in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Tech Funds
Funds or Etfs that invest in companies involved in research, development, testing, or distribution of technologically based goods and services. The Tech Funds theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Tech Funds Theme or any other thematic opportunities.
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Other Information on Investing in Nationwide Mutual Fund
To fully project Nationwide Destination's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nationwide Destination at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Nationwide Destination's income statement, its balance sheet, and the statement of cash flows.
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