Power Momentum Index Fund Price on November 19, 2023
| MOJOX Fund | USD 14.66 0.22 1.48% |
Below is the normalized historical share price chart for Power Momentum Index extending back to December 23, 2016. 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 Power Momentum stands at 14.66, as last reported on the 21st of December, with the highest price reaching 14.66 and the lowest price hitting 14.66 during the day.
If you're considering investing in Power Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Power Mutual Fund to be very steady. Power Momentum Index maintains Sharpe Ratio (i.e., Efficiency) of 0.0241, which implies the entity had a 0.0241% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Power Momentum Index, which you can use to evaluate the volatility of the fund. Please check Power Momentum's Coefficient Of Variation of 1545.49, risk adjusted performance of 0.0529, and Semi Deviation of 1.01 to confirm if the risk estimate we provide is consistent with the expected return of 0.0226%.
Power Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Power |
Sharpe Ratio = 0.0241
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MOJOX |
Estimated Market Risk
| 0.94 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.02 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 Power Momentum 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 Power Momentum by adding it to a well-diversified portfolio.
Power Momentum Valuation on November 19, 2023
It is possible to determine the worth of Power Momentum on a given historical date. On November 19, 2023 Power was worth 11.21 at the beginning of the trading date compared to the closed value of 11.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Power Momentum mutual fund. Still, in general, we apply an absolute valuation method to find Power Momentum'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 Power Momentum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Power Momentum's related companies.
| Open | High | Low | Close | Volume | |
| 11.15 | 11.15 | 11.15 | 11.15 | 1.00 | |
11/17/2023 | 11.21 | 11.21 | 11.21 | 11.21 | 1.00 |
| 11.30 | 11.30 | 11.30 | 11.30 | 1.00 |
| Backtest Power Momentum | | | Power Momentum History | | | Power Momentum Valuation | Previous | Next |
Power Momentum Trading Date Momentum on November 19, 2023
| On November 20 2023 Power Momentum Index was traded for 11.30 at the closing time. The highest daily price throughout the period was 11.30 and the lowest price was 11.30 . There was no trading activity during the period 1.0. Lack of trading volume on 11/20/2023 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.80% . The trading delta at closing time to current closing price is 0.80% . |
Power Momentum Index Fundamentals Correlations and Trends
By evaluating Power Momentum'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 Power Momentum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Power financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Power Momentum Mutual Fund history
Power Momentum 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 Power is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Power Momentum Index 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 Power Momentum stock prices may prove useful in developing a viable investing in Power Momentum
The adviser seeks to achieve the funds objectives by seeking to track the FCF Risk Managed Sector Neutral Momentum Index that provides a formulaic methodology for allocating investments between securities of issuers who demonstrate higher free cash flow and positive momentum and short-term treasuries. The index and the fund will allocate 100 percent to the equity portfolio when the shorter-term exponential moving average indicator is in a bullish position.
Power Momentum Mutual Fund Technical Analysis
Power Momentum 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
Power Momentum Period Price Range
Low | December 21, 2024
| High |
0.00 | 0.00 |
Power Momentum Index 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.
Power Momentum December 21, 2024 Market Strength
Market strength indicators help investors to evaluate how Power Momentum 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 Power Momentum shares will generate the highest return on investment. By undertsting and applying Power Momentum mutual fund market strength indicators, traders can identify Power Momentum Index entry and exit signals to maximize returns
Power Momentum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Power Momentum's price direction in advance. Along with the technical and fundamental analysis of Power Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Power 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 | 0.0529 | |||
| Jensen Alpha | 0.0458 | |||
| Total Risk Alpha | 0.0248 | |||
| Sortino Ratio | 0.0264 | |||
| Treynor Ratio | 0.2075 |
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| Volume Indicators |
Other Information on Investing in Power Mutual Fund
Power Momentum financial ratios help investors to determine whether Power 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 Power with respect to the benefits of owning Power Momentum security.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |