Nationwide Etf Technical Analysis
| NSPI Etf | USD 21.29 0.00 0.00% |
As of the 28th of November, Nationwide secures the Downside Deviation of 0.5332, mean deviation of 0.4164, and Risk Adjusted Performance of 0.123. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nationwide, as well as the relationship between them.
Nationwide Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nationwide, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NationwideNationwide |
Nationwide technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Nationwide Technical Analysis
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Nationwide Trend Analysis
Use this graph to draw trend lines for Nationwide. You can use it to identify possible trend reversals for Nationwide as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nationwide price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nationwide Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nationwide applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Nationwide will continue generating value for investors. It has 122 observation points and a regression sum of squares at 14.36, which is the sum of squared deviations for the predicted Nationwide price change compared to its average price change.About Nationwide Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nationwide on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nationwide based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Nationwide price pattern first instead of the macroeconomic environment surrounding Nationwide. By analyzing Nationwide's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nationwide's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nationwide specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nationwide November 28, 2024 Technical Indicators
Most technical analysis of Nationwide help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nationwide from various momentum indicators to cycle indicators. When you analyze Nationwide charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.123 | |||
| Market Risk Adjusted Performance | 0.5303 | |||
| Mean Deviation | 0.4164 | |||
| Semi Deviation | 0.3318 | |||
| Downside Deviation | 0.5332 | |||
| Coefficient Of Variation | 606.23 | |||
| Standard Deviation | 0.5703 | |||
| Variance | 0.3252 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | 0.0654 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.5203 | |||
| Maximum Drawdown | 2.95 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 1.05 | |||
| Downside Variance | 0.2843 | |||
| Semi Variance | 0.1101 | |||
| Expected Short fall | (0.47) | |||
| Skewness | 0.5458 | |||
| Kurtosis | 1.05 |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
The market value of Nationwide is measured differently than its book value, which is the value of Nationwide that is recorded on the company's balance sheet. Investors also form their own opinion of Nationwide's value that differs from its market value or its book value, called intrinsic value, which is Nationwide's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nationwide's market value can be influenced by many factors that don't directly affect Nationwide's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nationwide's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.