Biotechnology Ultrasector Profund Fund Price on September 3, 2024
| BIPIX Fund | USD 66.15 0.76 1.14% |
Below is the normalized historical share price chart for Biotechnology Ultrasector Profund extending back to August 04, 2000. 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 Biotechnology Ultrasector stands at 66.15, as last reported on the 11th of December 2024, with the highest price reaching 66.15 and the lowest price hitting 66.15 during the day.
If you're considering investing in Biotechnology Mutual Fund, it is important to understand the factors that can impact its price. Biotechnology Ultrasector secures Sharpe Ratio (or Efficiency) of -0.0189, which signifies that the fund had a -0.0189% return per unit of risk over the last 3 months. Biotechnology Ultrasector Profund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biotechnology Ultrasector's Standard Deviation of 2.07, risk adjusted performance of 0.0022, and Mean Deviation of 1.53 to double-check the risk estimate we provide.
Biotechnology Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Biotechnology |
Sharpe Ratio = -0.0189
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BIPIX |
Estimated Market Risk
| 2.11 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Biotechnology Ultrasector is not performing at its full potential. However, 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 Biotechnology Ultrasector by adding Biotechnology Ultrasector to a well-diversified portfolio.
Biotechnology Ultrasector Valuation on September 3, 2024
It is possible to determine the worth of Biotechnology Ultrasector on a given historical date. On September 3, 2024 Biotechnology was worth 68.46 at the beginning of the trading date compared to the closed value of 68.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Biotechnology Ultrasector mutual fund. Still, in general, we apply an absolute valuation method to find Biotechnology Ultrasector'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 Biotechnology Ultrasector where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Biotechnology Ultrasector's related companies.
| Open | High | Low | Close | Volume | |
| 71.30 | 71.30 | 71.30 | 71.30 | 1.00 | |
09/03/2024 | 68.46 | 68.46 | 68.46 | 68.46 | 1.00 |
| 68.28 | 68.28 | 68.28 | 68.28 | 1.00 |
| Backtest Biotechnology Ultrasector | | | Biotechnology Ultrasector History | | | Biotechnology Ultrasector Valuation | Previous | Next |
Biotechnology Ultrasector Trading Date Momentum on September 3, 2024
| On September 04 2024 Biotechnology Ultrasector Profund was traded for 68.28 at the closing time. The highest daily price throughout the period was 68.28 and the lowest price was 68.28 . There was no trading activity during the period 1.0. Lack of trading volume on 09/04/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.26% . The overall trading delta to current closing price is 3.78% . |
Biotechnology Ultrasector Fundamentals Correlations and Trends
By evaluating Biotechnology Ultrasector'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 Biotechnology Ultrasector's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Biotechnology financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Biotechnology Ultrasector Mutual Fund history
Biotechnology Ultrasector 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 Biotechnology is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Biotechnology Ultrasector 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 Biotechnology Ultrasector stock prices may prove useful in developing a viable investing in Biotechnology Ultrasector
The fund invests in financial instruments that the fund advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index represents the biotechnology segment of the SP Total Market Index, which comprises the following sub-industry biotechnology. The fund is non-diversified.
Biotechnology Ultrasector Mutual Fund Technical Analysis
Biotechnology Ultrasector 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
Biotechnology Ultrasector Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Biotechnology Ultrasector Profund 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.
Biotechnology Ultrasector December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Biotechnology Ultrasector 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 Biotechnology Ultrasector shares will generate the highest return on investment. By undertsting and applying Biotechnology Ultrasector mutual fund market strength indicators, traders can identify Biotechnology Ultrasector Profund entry and exit signals to maximize returns
Biotechnology Ultrasector Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Biotechnology Ultrasector's price direction in advance. Along with the technical and fundamental analysis of Biotechnology Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Biotechnology 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 | 0.0022 | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.01) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Biotechnology Mutual Fund
Biotechnology Ultrasector financial ratios help investors to determine whether Biotechnology 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 Biotechnology with respect to the benefits of owning Biotechnology Ultrasector security.
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |