Amana Income Fund Price on November 27, 2024
| AMANX Fund | USD 70.16 0.05 0.07% |
Below is the normalized historical share price chart for Amana Income Fund extending back to June 15, 1993. 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 Amana Income stands at 70.16, as last reported on the 4th of December, with the highest price reaching 70.16 and the lowest price hitting 70.16 during the day.
If you're considering investing in Amana Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Amana Mutual Fund to be very steady. Amana Income secures Sharpe Ratio (or Efficiency) of 0.0779, which signifies that the fund had a 0.0779% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Amana Income Fund, which you can use to evaluate the volatility of the entity. Please confirm Amana Income's risk adjusted performance of 0.0063, and Mean Deviation of 0.5523 to double-check if the risk estimate we provide is consistent with the expected return of 0.05%.
Amana Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Amana |
Sharpe Ratio = 0.0779
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Estimated Market Risk
| 0.64 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Amana Income is performing at about 6% 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 Amana Income by adding it to a well-diversified portfolio.
Amana Income Valuation on November 27, 2024
It is possible to determine the worth of Amana Income on a given historical date. On November 27, 2024 Amana was worth 69.38 at the beginning of the trading date compared to the closed value of 69.38. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Amana Income mutual fund. Still, in general, we apply an absolute valuation method to find Amana Income'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 Amana Income where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Amana Income's related companies.
| Open | High | Low | Close | Volume | |
| 69.56 | 69.56 | 69.56 | 69.56 | 1.00 | |
11/27/2024 | 69.38 | 69.38 | 69.38 | 69.38 | 1.00 |
| 69.78 | 69.78 | 69.78 | 69.78 | 1.00 |
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Amana Income Trading Date Momentum on November 27, 2024
| On November 29 2024 Amana Income Fund was traded for 69.78 at the closing time. The highest daily price throughout the period was 69.78 and the lowest price was 69.78 . There was no trading activity during the period 1.0. Lack of trading volume on 11/29/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.58% . The overall trading delta to current closing price is 1.12% . |
Amana Income Fundamentals Correlations and Trends
By evaluating Amana Income'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 Amana Income's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Amana financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Amana Income Mutual Fund history
Amana Income 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 Amana is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Amana Income 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 Amana Income stock prices may prove useful in developing a viable investing in Amana Income
The fund normally invests at least 80 percent of its total net assets in income-producing securities, primarily dividend-paying common stocks. It invests primarily in dividend-paying common stocks, including foreign stocks. Investment decisions are made in accordance with Islamic principles. The fund diversifies its investments across industries and companies, and principally follows a large-cap value investment style.
Amana Income Mutual Fund Technical Analysis
Amana Income 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
Amana Income Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Amana Income 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.
Amana Income December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Amana Income 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 Amana Income shares will generate the highest return on investment. By undertsting and applying Amana Income mutual fund market strength indicators, traders can identify Amana Income Fund entry and exit signals to maximize returns
Amana Income Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Amana Income's price direction in advance. Along with the technical and fundamental analysis of Amana Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Amana 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 | 0.0063 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.01) |
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Other Information on Investing in Amana Mutual Fund
Amana Income financial ratios help investors to determine whether Amana 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 Amana with respect to the benefits of owning Amana Income security.
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