Nationwide Bny One Year Return vs. Five Year Return
| NWALX Fund | USD 41.20 0.01 0.02% |
For Nationwide Bny profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nationwide Bny to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nationwide Bny Mellon utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nationwide Bny's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nationwide Bny Mellon over time as well as its relative position and ranking within its peers.
Nationwide |
Nationwide Bny Mellon Five Year Return vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nationwide Bny's current stock value. Our valuation model uses many indicators to compare Nationwide Bny value to that of its competitors to determine the firm's financial worth. Nationwide Bny Mellon is number one fund in one year return among similar funds. It also is number one fund in five year return among similar funds reporting about 0.17 of Five Year Return per One Year Return. The ratio of One Year Return to Five Year Return for Nationwide Bny Mellon is roughly 5.76 . 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 Bny's earnings, one of the primary drivers of an investment's value.Nationwide Five Year Return vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Nationwide Bny |
| = | 28.33 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Nationwide Bny |
| = | 4.92 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Nationwide Five Year Return Comparison
Nationwide Bny is currently under evaluation in five year return among similar funds.
Nationwide Bny Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nationwide Bny, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nationwide Bny will eventually generate negative long term returns. The profitability progress is the general direction of Nationwide Bny's change in net profit over the period of time. It can combine multiple indicators of Nationwide Bny, 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 invests, under normal circumstances, at least 80 percent of its net assets in equity securities of U.S. issuers, primarily common stocks. Equity securities also may include preferred stocks, convertible securities and derivatives the value of which are linked to equity securities. The fund also may invest up to 20 percent of its net assets in equity securities of foreign companies, which are companies organized under the laws of countries other than the United States.
Nationwide Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nationwide Bny. 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 Bny 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 Bny's important profitability drivers and their relationship over time.
Use Nationwide Bny in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nationwide Bny position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nationwide Bny will appreciate offsetting losses from the drop in the long position's value.Nationwide Bny Pair Trading
Nationwide Bny Mellon Pair Trading Analysis
The ability to find closely correlated positions to Nationwide Bny could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nationwide Bny when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nationwide Bny - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nationwide Bny Mellon to buy it.
The correlation of Nationwide Bny is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nationwide Bny moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nationwide Bny Mellon moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nationwide Bny can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Nationwide Bny position
In addition to having Nationwide Bny 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?
Run Services Thematic Idea Now
Services
Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 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 Services Theme or any other thematic opportunities.
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Other Information on Investing in Nationwide Mutual Fund
To fully project Nationwide Bny's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nationwide Bny Mellon 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 Bny's income statement, its balance sheet, and the statement of cash flows.
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