Morningstar Defensive Bond Fund Price on December 22, 2024
| MSTBX Fund | USD 9.69 0.03 0.31% |
Below is the normalized historical share price chart for Morningstar Defensive Bond extending back to November 02, 2018. 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 Morningstar Defensive stands at 9.69, as last reported on the 22nd of December, with the highest price reaching 9.69 and the lowest price hitting 9.69 during the day.
If you're considering investing in Morningstar Mutual Fund, it is important to understand the factors that can impact its price. Morningstar Defensive has Sharpe Ratio of -0.12, which conveys that the entity had a -0.12% return per unit of risk over the last 3 months. Morningstar Defensive exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Morningstar Defensive's Mean Deviation of 0.0954, risk adjusted performance of (0.14), and Standard Deviation of 0.1351 to check out the risk estimate we provide.
Morningstar Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Morningstar |
Sharpe Ratio = -0.1154
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| Negative Returns | MSTBX |
Estimated Market Risk
| 0.14 actual daily | 1 99% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Morningstar Defensive 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 Morningstar Defensive by adding Morningstar Defensive to a well-diversified portfolio.
Morningstar Defensive Valuation on December 22, 2024
It is possible to determine the worth of Morningstar Defensive on a given historical date. On December 22, 2024 Morningstar was worth 9.69 at the beginning of the trading date compared to the closed value of 9.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Morningstar Defensive mutual fund. Still, in general, we apply an absolute valuation method to find Morningstar Defensive'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 Morningstar Defensive where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Morningstar Defensive's related companies.
| Open | High | Low | Close | Volume | |
| 9.69 | 9.69 | 9.69 | 9.69 | 1.00 | |
12/22/2024 | 9.69 | 9.69 | 9.69 | 9.69 | 0.00 |
| Backtest Morningstar Defensive | | | Morningstar Defensive History | | | Morningstar Defensive Valuation | Previous |
Morningstar Defensive Trading Date Momentum on December 22, 2024
| On December 22 2024 Morningstar Defensive Bond was traded for 9.69 at the closing time. The highest daily price throughout the period was 9.69 and the lowest price was 9.69 . There was no trading activity during the period 0.0. Lack of trading volume on 12/22/2024 did not cause price change. The trading delta at closing time to current closing price is 0.00% . |
Morningstar Defensive Fundamentals Correlations and Trends
By evaluating Morningstar Defensive'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 Morningstar Defensive's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Morningstar financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Morningstar Defensive Mutual Fund history
Morningstar Defensive 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 Morningstar is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Morningstar Defensive 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 Morningstar Defensive stock prices may prove useful in developing a viable investing in Morningstar Defensive
The fund will normally invest at least 80 percent of its assets in a diversified portfolio of debt securities of varying maturity, duration, and quality. Under normal conditions, the advisor intends to pursue a defensive strategy of limiting its interest-rate sensitivity by maintaining a portfolio duration of three years or less. In most market environments, the fund will not invest more than 20 percent of assets in fixed-income securities that are rated below investment grade , or if unrated, are determined by the funds subadviser to be of comparable quality.
Morningstar Defensive Mutual Fund Technical Analysis
Morningstar Defensive 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
Morningstar Defensive Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Morningstar Defensive Bond 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.
Morningstar Defensive December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Morningstar Defensive 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 Morningstar Defensive shares will generate the highest return on investment. By undertsting and applying Morningstar Defensive mutual fund market strength indicators, traders can identify Morningstar Defensive Bond entry and exit signals to maximize returns
Morningstar Defensive Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Morningstar Defensive's price direction in advance. Along with the technical and fundamental analysis of Morningstar Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Morningstar 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 | (0.14) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.83) |
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Other Information on Investing in Morningstar Mutual Fund
Morningstar Defensive financial ratios help investors to determine whether Morningstar 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 Morningstar with respect to the benefits of owning Morningstar Defensive security.
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