Multi Manager High Yield Fund Price on May 6, 2024
| NMHYX Fund | USD 8.41 0.01 0.12% |
Below is the normalized historical share price chart for Multi Manager High Yield extending back to October 09, 2009. 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 Multi-manager High stands at 8.41, as last reported on the 8th of January, with the highest price reaching 8.41 and the lowest price hitting 8.41 during the day.
If you're considering investing in Multi-manager Mutual Fund, it is important to understand the factors that can impact its price. Multi Manager High has Sharpe Ratio of -0.0073, which conveys that the entity had a -0.0073% return per unit of risk over the last 3 months. Multi-manager High exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Multi-manager High's Mean Deviation of 0.1104, risk adjusted performance of (0.06), and Standard Deviation of 0.224 to check out the risk estimate we provide.
Multi-manager Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Multi-manager |
Sharpe Ratio = -0.0073
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| Negative Returns | NMHYX |
Estimated Market Risk
| 0.23 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Multi-manager High 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 Multi-manager High by adding Multi-manager High to a well-diversified portfolio.
Multi-manager High Main Headline on 6th of May 2024
Is NMHYX a Strong Bond Fund Right Now - Yahoo Canada Shine O... by news.google.com
Is NMHYX a Strong Bond Fund Right Now Yahoo Canada Shine On
Multi-manager High Valuation on May 6, 2024
It is possible to determine the worth of Multi-manager High on a given historical date. On May 6, 2024 Multi-manager was worth 8.04 at the beginning of the trading date compared to the closed value of 8.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Multi-manager High mutual fund. Still, in general, we apply an absolute valuation method to find Multi-manager High'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 Multi-manager High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Multi-manager High's related companies.
| Open | High | Low | Close | Volume | |
| 8.02 | 8.02 | 8.02 | 8.02 | 1.00 | |
05/06/2024 | 8.04 | 8.04 | 8.04 | 8.04 | 1.00 |
| 8.04 | 8.04 | 8.04 | 8.04 | 1.00 |
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Multi-manager High Trading Date Momentum on May 6, 2024
| On May 07 2024 Multi Manager High Yield was traded for 8.04 at the closing time. The highest daily price throughout the period was 8.04 and the lowest price was 8.04 . There was no trading activity during the period 1.0. Lack of trading volume on 05/07/2024 did not cause price change. The trading delta at closing time to current closing price is 0.25% . |
Multi Manager High Fundamentals Correlations and Trends
By evaluating Multi-manager High'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 Multi-manager High's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Multi-manager financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Multi-manager High Mutual Fund history
Multi-manager High 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 Multi-manager is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Multi Manager High 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 Multi-manager High stock prices may prove useful in developing a viable investing in Multi-manager High
The fund invests at least 80 percent of its net assets in bonds and other fixed-income securities that are rated below investment grade . The adviser utilizes a multi-manager approach whereby the funds assets are allocated to one or more sub-advisers, in percentages determined at the discretion of the funds investment adviser. Although the fund primarily invests in the debt obligations of domestic issuers, it may invest in debt obligations of foreign issuers.
Multi-manager High Mutual Fund Technical Analysis
Multi-manager High 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
Multi-manager High Period Price Range
Low | January 8, 2025
| High |
0.00 | 0.00 |
Multi Manager High Yield 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.
Multi-manager High January 8, 2025 Market Strength
Market strength indicators help investors to evaluate how Multi-manager High 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 Multi-manager High shares will generate the highest return on investment. By undertsting and applying Multi-manager High mutual fund market strength indicators, traders can identify Multi Manager High Yield entry and exit signals to maximize returns
Multi-manager High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Multi-manager High's price direction in advance. Along with the technical and fundamental analysis of Multi-manager Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Multi-manager 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 | (0.06) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (2.64) |
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Other Information on Investing in Multi-manager Mutual Fund
Multi-manager High financial ratios help investors to determine whether Multi-manager 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 Multi-manager with respect to the benefits of owning Multi-manager High security.
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