Biotechnology Ultrasector Profund Fund Price on October 15, 2024
| BIPIX Fund | USD 68.95 1.26 1.86% |
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 68.95, as last reported on the 1st of December, with the highest price reaching 68.95 and the lowest price hitting 68.95 during the day.
If you're considering investing in Biotechnology Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Biotechnology Mutual Fund to be very steady. Biotechnology Ultrasector secures Sharpe Ratio (or Efficiency) of 0.0157, which signifies that the fund had a 0.0157% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Biotechnology Ultrasector Profund, which you can use to evaluate the volatility of the entity. Please confirm Biotechnology Ultrasector's Risk Adjusted Performance of 0.0022, standard deviation of 2.08, and Mean Deviation of 1.49 to double-check if the risk estimate we provide is consistent with the expected return of 0.032%.
Biotechnology Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Biotechnology |
Sharpe Ratio = 0.0157
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| Negative Returns | BIPIX |
Estimated Market Risk
| 2.05 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Biotechnology Ultrasector is performing at about 1% 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 Biotechnology Ultrasector by adding it to a well-diversified portfolio.
Biotechnology Ultrasector Valuation on October 15, 2024
It is possible to determine the worth of Biotechnology Ultrasector on a given historical date. On October 15, 2024 Biotechnology was worth 68.74 at the beginning of the trading date compared to the closed value of 68.74. 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 | |
| 68.49 | 68.49 | 68.49 | 68.49 | 1.00 | |
10/15/2024 | 68.74 | 68.74 | 68.74 | 68.74 | 1.00 |
| 69.75 | 69.75 | 69.75 | 69.75 | 1.00 |
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Biotechnology Ultrasector Trading Date Momentum on October 15, 2024
| On October 16 2024 Biotechnology Ultrasector Profund was traded for 69.75 at the closing time. The highest daily price throughout the period was 69.75 and the lowest price was 69.75 . There was no trading activity during the period 1.0. Lack of trading volume on 10/16/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 1.47% . The overall trading delta to current closing price is 3.36% . |
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 1, 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 1, 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 | (0.24) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.01) |
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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.
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