Azzad Ethical Fund Price on October 23, 2023
| ADJEX Fund | USD 17.94 0.22 1.21% |
Below is the normalized historical share price chart for Azzad Ethical Fund extending back to November 25, 2002. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Azzad Ethical stands at 17.94, as last reported on the 12th of December 2024, with the highest price reaching 17.94 and the lowest price hitting 17.94 during the day.
If you're considering investing in Azzad Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Azzad Mutual Fund to be very steady. Azzad Ethical secures Sharpe Ratio (or Efficiency) of 0.0902, which signifies that the fund had a 0.0902% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Azzad Ethical Fund, which you can use to evaluate the volatility of the entity. Please confirm Azzad Ethical's Downside Deviation of 1.07, risk adjusted performance of 0.0994, and Mean Deviation of 0.7454 to double-check if the risk estimate we provide is consistent with the expected return of 0.0894%.
Azzad Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Azzad |
Sharpe Ratio = 0.0902
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Estimated Market Risk
| 0.99 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Azzad Ethical is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Azzad Ethical by adding it to a well-diversified portfolio.
Azzad Ethical Valuation on October 23, 2023
It is possible to determine the worth of Azzad Ethical on a given historical date. On October 23, 2023 Azzad was worth 14.24 at the beginning of the trading date compared to the closed value of 14.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Azzad Ethical mutual fund. Still, in general, we apply an absolute valuation method to find Azzad Ethical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Azzad Ethical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Azzad Ethical's related companies.
| Open | High | Low | Close | Volume | |
| 14.27 | 14.27 | 14.27 | 14.27 | 1.00 | |
10/23/2023 | 14.24 | 14.24 | 14.24 | 14.24 | 1.00 |
| 14.32 | 14.32 | 14.32 | 14.32 | 1.00 |
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Azzad Ethical Trading Date Momentum on October 23, 2023
| On October 24 2023 Azzad Ethical Fund was traded for 14.32 at the closing time. The highest daily price throughout the period was 14.32 and the lowest price was 14.32 . There was no trading activity during the period 1.0. Lack of trading volume on 10/24/2023 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.56% . The overall trading delta to current closing price is 0.56% . |
Azzad Ethical Fundamentals Correlations and Trends
By evaluating Azzad Ethical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Azzad Ethical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Azzad financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Azzad Ethical Mutual Fund history
Azzad Ethical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Azzad is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Azzad Ethical will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Azzad Ethical stock prices may prove useful in developing a viable investing in Azzad Ethical
The fund seeks to achieve its objective by investing primarily in common stocks of mid-capitalization companies that the Adviser believes are high quality andor exhibit above-average growth potential, which, for the purposes of this fund, typically are companies with market capitalizations similar to those issuers included in the index over the last 13 months at the time of purchase. It will invest at least 80 percent of its assets in securities meeting the funds ethical investment criteria.
Azzad Ethical Mutual Fund Technical Analysis
Azzad Ethical technical mutual fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Azzad Ethical Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Azzad Ethical Fund cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Azzad Ethical December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Azzad Ethical 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 Azzad Ethical shares will generate the highest return on investment. By undertsting and applying Azzad Ethical mutual fund market strength indicators, traders can identify Azzad Ethical Fund entry and exit signals to maximize returns
Azzad Ethical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Azzad Ethical's price direction in advance. Along with the technical and fundamental analysis of Azzad Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Azzad to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0994 | |||
| Jensen Alpha | 0.0968 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0067 | |||
| Treynor Ratio | 0.562 |
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Other Information on Investing in Azzad Mutual Fund
Azzad Ethical financial ratios help investors to determine whether Azzad 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 Azzad with respect to the benefits of owning Azzad Ethical security.
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