Needham Growth Fund Price on November 8, 2023
| NEEIX Fund | USD 65.21 0.87 1.32% |
Below is the normalized historical share price chart for Needham Growth extending back to December 30, 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 Needham Growth stands at 65.21, as last reported on the 29th of December, with the highest price reaching 65.21 and the lowest price hitting 65.21 during the day.
If you're considering investing in Needham Mutual Fund, it is important to understand the factors that can impact its price. Needham Growth has Sharpe Ratio of -0.0845, which conveys that the entity had a -0.0845% return per unit of risk over the last 3 months. Needham Growth exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Needham Growth's Risk Adjusted Performance of (0.05), mean deviation of 1.12, and Standard Deviation of 1.47 to check out the risk estimate we provide.
Needham Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Needham |
Sharpe Ratio = -0.0845
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| Negative Returns | NEEIX |
Estimated Market Risk
| 1.48 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Needham Growth 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 Needham Growth by adding Needham Growth to a well-diversified portfolio.
Needham Growth Valuation on November 8, 2023
It is possible to determine the worth of Needham Growth on a given historical date. On November 8, 2023 Needham was worth 49.1 at the beginning of the trading date compared to the closed value of 49.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Needham Growth mutual fund. Still, in general, we apply an absolute valuation method to find Needham Growth'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 Needham Growth where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Needham Growth's related companies.
| Open | High | Low | Close | Volume | |
| 48.82 | 48.82 | 48.82 | 48.82 | 1.00 | |
11/08/2023 | 49.10 | 49.10 | 49.10 | 49.10 | 1.00 |
| 48.41 | 48.41 | 48.41 | 48.41 | 1.00 |
| Backtest Needham Growth | | | Needham Growth History | | | Needham Growth Valuation | Previous | Next |
Needham Growth Trading Date Momentum on November 8, 2023
| On November 09 2023 Needham Growth was traded for 48.41 at the closing time. The highest daily price throughout the period was 48.41 and the lowest price was 48.41 . There was no trading activity during the period 1.0. Lack of trading volume on 11/09/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 1.41% . The trading delta at closing time to current closing price is 7.33% . |
Needham Growth Fundamentals Correlations and Trends
By evaluating Needham Growth'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 Needham Growth's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Needham financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Needham Growth Mutual Fund history
Needham Growth 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 Needham is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Needham Growth 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 Needham Growth stock prices may prove useful in developing a viable investing in Needham Growth
The fund normally invests at least 65 percent of its total assets in the equity securities of domestic issuers listed on a nationally recognized securities exchange. It may, but is not required to, invest in the securities of companies of any market capitalization and from a variety of industries included in the technology, healthcare, energy and industrials, specialty retailing, medialeisurecableentertainment and business and consumer services sectors.
Needham Growth Mutual Fund Technical Analysis
Needham Growth 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
Needham Growth Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
Needham Growth 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.
Needham Growth December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Needham Growth 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 Needham Growth shares will generate the highest return on investment. By undertsting and applying Needham Growth mutual fund market strength indicators, traders can identify Needham Growth entry and exit signals to maximize returns
Needham Growth Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Needham Growth's price direction in advance. Along with the technical and fundamental analysis of Needham Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Needham 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 | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.36) |
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Other Information on Investing in Needham Mutual Fund
Needham Growth financial ratios help investors to determine whether Needham 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 Needham with respect to the benefits of owning Needham Growth security.
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