The Gold Bullion Fund Price on October 10, 2024
| QGLCX Fund | USD 25.71 0.22 0.86% |
Below is the normalized historical share price chart for The Gold Bullion extending back to April 20, 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 Gold Bullion stands at 25.71, as last reported on the 1st of December, with the highest price reaching 25.71 and the lowest price hitting 25.71 during the day.
If you're considering investing in Gold Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Gold Mutual Fund to be very steady. Gold Bullion holds Efficiency (Sharpe) Ratio of 0.0966, which attests that the entity had a 0.0966% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Gold Bullion, which you can use to evaluate the volatility of the entity. Please check out Gold Bullion's Risk Adjusted Performance of 0.0667, downside deviation of 1.15, and Market Risk Adjusted Performance of (0.43) to validate if the risk estimate we provide is consistent with the expected return of 0.0963%.
Gold Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Gold |
Sharpe Ratio = 0.0966
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| Cash | QGLCX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.0 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Gold Bullion is performing at about 7% 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 Gold Bullion by adding it to a well-diversified portfolio.
Gold Bullion Valuation on October 10, 2024
It is possible to determine the worth of Gold Bullion on a given historical date. On October 10, 2024 Gold was worth 25.5 at the beginning of the trading date compared to the closed value of 25.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gold Bullion mutual fund. Still, in general, we apply an absolute valuation method to find Gold Bullion'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 Gold Bullion where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gold Bullion's related companies.
| Open | High | Low | Close | Volume | |
| 25.32 | 25.32 | 25.32 | 25.32 | 1.00 | |
10/10/2024 | 25.50 | 25.50 | 25.50 | 25.50 | 1.00 |
| 25.76 | 25.76 | 25.76 | 25.76 | 1.00 |
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Gold Bullion Trading Date Momentum on October 10, 2024
| On October 11 2024 The Gold Bullion was traded for 25.76 at the closing time. The highest daily price throughout the period was 25.76 and the lowest price was 25.76 . There was no trading activity during the period 1.0. Lack of trading volume on 10/11/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.02% . The trading price change to current closing price is 3.41% . |
Gold Bullion Fundamentals Correlations and Trends
By evaluating Gold Bullion'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 Gold Bullion's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gold financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gold Bullion Mutual Fund history
Gold Bullion 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 Gold is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gold Bullion 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 Gold Bullion stock prices may prove useful in developing a viable investing in Gold Bullion
The fund will invest primarily in Gold bullion-related exchange-traded funds exchange-traded notes exchange-traded futures contracts over-the-counter forward contracts and fixed income securities, including through mutual funds and ETFs that invest primarily in fixed income securities. It invests over 25 percent of its assets in the Gold bullion industry. The fund will invest up to 25 percent of its total assets in the wholly-owned and controlled subsidiary.
Gold Bullion Mutual Fund Technical Analysis
Gold Bullion 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
Gold Bullion Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
The Gold Bullion 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.
Gold Bullion December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Gold Bullion 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 Gold Bullion shares will generate the highest return on investment. By undertsting and applying Gold Bullion mutual fund market strength indicators, traders can identify The Gold Bullion entry and exit signals to maximize returns
Gold Bullion Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gold Bullion's price direction in advance. Along with the technical and fundamental analysis of Gold Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gold 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 | 0.0667 | |||
| Jensen Alpha | 0.0946 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.44) |
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| Volume Indicators |
Other Information on Investing in Gold Mutual Fund
Gold Bullion financial ratios help investors to determine whether Gold 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 Gold with respect to the benefits of owning Gold Bullion security.
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |