Nationwide Fund6 Fund Alpha and Beta Analysis
| NWABX Fund | USD 34.78 0.14 0.40% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nationwide Fund6. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nationwide Fund6 over a specified time horizon. Remember, high Nationwide Fund6's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Nationwide Fund6's market risk premium analysis include:
Beta 0.85 | Alpha (0.01) | Risk 0.82 | Sharpe Ratio 0.11 | Expected Return 0.0921 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Nationwide |
Nationwide Fund6 Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nationwide Fund6 market risk premium is the additional return an investor will receive from holding Nationwide Fund6 long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nationwide Fund6. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Nationwide Fund6's performance over market.| α | -0.01 | β | 0.85 |
Nationwide Fund6 expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Nationwide Fund6's Buy-and-hold return. Our buy-and-hold chart shows how Nationwide Fund6 performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Nationwide Fund6 Market Price Analysis
Market price analysis indicators help investors to evaluate how Nationwide Fund6 mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nationwide Fund6 shares will generate the highest return on investment. By understating and applying Nationwide Fund6 mutual fund market price indicators, traders can identify Nationwide Fund6 position entry and exit signals to maximize returns.
Nationwide Fund6 Return and Market Media
The median price of Nationwide Fund6 for the period between Fri, Aug 30, 2024 and Thu, Nov 28, 2024 is 33.26 with a coefficient of variation of 2.54. The daily time series for the period is distributed with a sample standard deviation of 0.85, arithmetic mean of 33.37, and mean deviation of 0.7. The Fund did not receive any noticable media coverage during the period. Price Growth (%) |
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About Nationwide Fund6 Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Nationwide or other funds. Alpha measures the amount that position in Nationwide Fund6 has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nationwide Fund6 in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nationwide Fund6's short interest history, or implied volatility extrapolated from Nationwide Fund6 options trading.
Build Portfolio with Nationwide Fund6
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Other Information on Investing in Nationwide Mutual Fund
Nationwide Fund6 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 Fund6 security.
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