Medical Equipment And Fund Price on May 7, 2024
| FSMEX Fund | USD 69.08 0.10 0.14% |
Below is the normalized historical share price chart for Medical Equipment And extending back to June 17, 1998. 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 Medical Equipment stands at 69.08, as last reported on the 4th of December, with the highest price reaching 69.08 and the lowest price hitting 69.08 during the day.
If you're considering investing in Medical Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Medical Mutual Fund to be very steady. Medical Equipment And has Sharpe Ratio of 0.0838, which conveys that the entity had a 0.0838% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Medical Equipment, which you can use to evaluate the volatility of the fund. Please verify Medical Equipment's Risk Adjusted Performance of 0.0482, mean deviation of 0.6382, and Downside Deviation of 0.8539 to check out if the risk estimate we provide is consistent with the expected return of 0.0666%.
Medical Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Medical |
Sharpe Ratio = 0.0838
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Estimated Market Risk
| 0.79 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.07 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 Medical Equipment 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 Medical Equipment by adding it to a well-diversified portfolio.
Medical Equipment Valuation on May 7, 2024
It is possible to determine the worth of Medical Equipment on a given historical date. On May 7, 2024 Medical was worth 64.47 at the beginning of the trading date compared to the closed value of 64.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Medical Equipment mutual fund. Still, in general, we apply an absolute valuation method to find Medical Equipment'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 Medical Equipment where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Medical Equipment's related companies.
| Open | High | Low | Close | Volume | |
| 64.05 | 64.05 | 64.05 | 64.05 | 1.00 | |
05/07/2024 | 64.47 | 64.47 | 64.47 | 64.47 | 1.00 |
| 63.00 | 63.00 | 63.00 | 63.00 | 1.00 |
| Backtest Medical Equipment | | | Medical Equipment History | | | Medical Equipment Valuation | Previous | Next |
Medical Equipment Trading Date Momentum on May 7, 2024
| On May 08 2024 Medical Equipment And was traded for 63.00 at the closing time. The highest daily price throughout the period was 63.00 and the lowest price was 63.00 . There was no trading activity during the period 1.0. Lack of trading volume on 05/08/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 2.28% . The trading delta at closing time to current closing price is 0.65% . |
Medical Equipment And Fundamentals Correlations and Trends
By evaluating Medical Equipment'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 Medical Equipment's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Medical financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Medical Equipment Mutual Fund history
Medical Equipment 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 Medical is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Medical Equipment And 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 Medical Equipment stock prices may prove useful in developing a viable investing in Medical Equipment
The fund normally invests at least 80 percent of its assets in securities of companies principally engaged in research, development, manufacture, distribution, supply, or sale of medical equipment, devices, and related technologies, companies enabling drug discovery, and companies providing information technology services primarily to health care providers. It invests primarily in common stocks. The fund invests in domestic and foreign issuers. The fund is non-diversified.
Medical Equipment Mutual Fund Technical Analysis
Medical Equipment 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
Medical Equipment Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Medical Equipment And 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.
Medical Equipment December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Medical Equipment 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 Medical Equipment shares will generate the highest return on investment. By undertsting and applying Medical Equipment mutual fund market strength indicators, traders can identify Medical Equipment And entry and exit signals to maximize returns
Medical Equipment Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Medical Equipment's price direction in advance. Along with the technical and fundamental analysis of Medical Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Medical 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 | 0.0482 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0647 |
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Other Information on Investing in Medical Mutual Fund
Medical Equipment financial ratios help investors to determine whether Medical 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 Medical with respect to the benefits of owning Medical Equipment security.
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