Nationwide Fund Three Year Return vs. Equity Positions Weight
| NWFAX Fund | USD 36.11 0.22 0.61% |
For Nationwide Fund profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nationwide Fund to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nationwide Fund Class utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nationwide Fund's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nationwide Fund Class over time as well as its relative position and ranking within its peers.
Nationwide |
Nationwide Fund Class Equity Positions Weight vs. Three Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nationwide Fund's current stock value. Our valuation model uses many indicators to compare Nationwide Fund value to that of its competitors to determine the firm's financial worth. Nationwide Fund Class is number one fund in three year return among similar funds. It also is number one fund in equity positions weight among similar funds making about 10.34 of Equity Positions Weight per Three Year Return. 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 Fund's earnings, one of the primary drivers of an investment's value.Nationwide Equity Positions Weight vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Nationwide Fund |
| = | 9.61 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Nationwide Fund |
| = | 99.32 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Nationwide Fund Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nationwide Fund, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nationwide Fund will eventually generate negative long term returns. The profitability progress is the general direction of Nationwide Fund's change in net profit over the period of time. It can combine multiple indicators of Nationwide Fund, 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 in a diversified portfolio of common stocks to produce an overall blended equity portfolio consisting of various types of stocks that the subadviser believes offer the potential for capital growth andor dividend income. Most of the stocks in which the fund invests are issued by large-capitalization companies. The subadviser employs a bottom-up approach to selecting securities, emphasizing those that the advisor believes to represent above-average potential for total return, based on fundamental research and analysis.
Nationwide Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nationwide Fund. 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 Fund 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 Fund's important profitability drivers and their relationship over time.
Use Nationwide Fund 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 Fund 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 Fund will appreciate offsetting losses from the drop in the long position's value.Nationwide Fund Pair Trading
Nationwide Fund Class Pair Trading Analysis
The ability to find closely correlated positions to Nationwide Fund 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 Fund 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 Fund - 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 Fund Class to buy it.
The correlation of Nationwide Fund 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 Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nationwide Fund Class 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 Fund 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 Fund position
In addition to having Nationwide Fund 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 Corporate ETFs Thematic Idea Now
Corporate ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Corporate ETFs theme has 223 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 Corporate ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Nationwide Mutual Fund
To fully project Nationwide Fund's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nationwide Fund Class 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 Fund's income statement, its balance sheet, and the statement of cash flows.
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