Africa Fund Africa Fund Price on October 18, 2024
| CAFRX Fund | USD 8.70 0.04 0.46% |
Below is the normalized historical share price chart for Africa Fund Africa extending back to November 07, 2011. 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 Africa Fund stands at 8.70, as last reported on the 2nd of December, with the highest price reaching 8.70 and the lowest price hitting 8.70 during the day.
If you're considering investing in Africa Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Africa Mutual Fund to be not too volatile. Africa Fund Africa secures Sharpe Ratio (or Efficiency) of 0.0767, which signifies that the fund had a 0.0767% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Africa Fund Africa, which you can use to evaluate the volatility of the entity. Please confirm Africa Fund's Risk Adjusted Performance of 0.0243, mean deviation of 0.8617, and Downside Deviation of 1.24 to double-check if the risk estimate we provide is consistent with the expected return of 0.0809%.
Africa Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Africa |
Sharpe Ratio = 0.0767
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Estimated Market Risk
| 1.05 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Africa Fund 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 Africa Fund by adding it to a well-diversified portfolio.
Related Headline
Global X Headline on 2nd of December 2024
Disposition of 1000000 shares by Georgens Thomas of Global X... by Georgens Thomas
Filed transaction by Global X Director, Officer President And Ceo. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3
Africa Fund Valuation on October 18, 2024
It is possible to determine the worth of Africa Fund on a given historical date. On October 18, 2024 Africa was worth 9.08 at the beginning of the trading date compared to the closed value of 9.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Africa Fund mutual fund. Still, in general, we apply an absolute valuation method to find Africa Fund'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 Africa Fund where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Africa Fund's related companies.
| Open | High | Low | Close | Volume | |
| 9.00 | 9.00 | 9.00 | 9.00 | 1.00 | |
10/18/2024 | 9.08 | 9.08 | 9.08 | 9.08 | 1.00 |
| 9.06 | 9.06 | 9.06 | 9.06 | 1.00 |
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Africa Fund Trading Date Momentum on October 18, 2024
| On October 21 2024 Africa Fund Africa was traded for 9.06 at the closing time. The highest daily price throughout the period was 9.06 and the lowest price was 9.06 . There was no trading activity during the period 1.0. Lack of trading volume on 10/21/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.22% . The overall trading delta to current closing price is 0.55% . |
Africa Fund Africa Fundamentals Correlations and Trends
By evaluating Africa Fund'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 Africa Fund's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Africa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Africa Fund Mutual Fund history
Africa Fund 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 Africa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Africa Fund Africa 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 Africa Fund stock prices may prove useful in developing a viable investing in Africa Fund
Under normal market conditions, the fund invests at least 80 percent of its net assets in the securities of, and depositary receipts , Global Depositary Receipts , and European Depositary Receipts represented by, African issuers that are tied economically to Africa.
Africa Fund Mutual Fund Technical Analysis
Africa Fund 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
Africa Fund Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Africa Fund Africa 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.
Africa Fund December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Africa Fund 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 Africa Fund shares will generate the highest return on investment. By undertsting and applying Africa Fund mutual fund market strength indicators, traders can identify Africa Fund Africa entry and exit signals to maximize returns
Africa Fund Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Africa Fund's price direction in advance. Along with the technical and fundamental analysis of Africa Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Africa 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 | 0.0243 | |||
| Jensen Alpha | 0.0077 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.2032 |
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Other Information on Investing in Africa Mutual Fund
Africa Fund financial ratios help investors to determine whether Africa 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 Africa with respect to the benefits of owning Africa Fund security.
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