Biotechnology Fund Investor Fund Price on October 4, 2024
| RYOIX Fund | USD 78.05 10.66 15.82% |
Below is the normalized historical share price chart for Biotechnology Fund Investor extending back to May 13, 1998. 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 Biotechnology Fund stands at 78.05, as last reported on the 17th of December 2024, with the highest price reaching 78.05 and the lowest price hitting 78.05 during the day.
If you're considering investing in Biotechnology Mutual Fund, it is important to understand the factors that can impact its price. Biotechnology Fund secures Sharpe Ratio (or Efficiency) of -0.0082, which signifies that the fund had a -0.0082% return per unit of risk over the last 3 months. Biotechnology Fund Investor exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biotechnology Fund's Risk Adjusted Performance of 0.0064, standard deviation of 2.81, and Mean Deviation of 1.24 to double-check the risk estimate we provide.
Biotechnology Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Biotechnology |
Sharpe Ratio = -0.0082
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| Negative Returns | RYOIX |
Estimated Market Risk
| 2.87 actual daily | 25 75% of assets are more volatile |
Expected Return
| -0.02 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 Biotechnology Fund 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 Biotechnology Fund by adding Biotechnology Fund to a well-diversified portfolio.
Biotechnology Fund Valuation on October 4, 2024
It is possible to determine the worth of Biotechnology Fund on a given historical date. On October 4, 2024 Biotechnology was worth 79.22 at the beginning of the trading date compared to the closed value of 79.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Biotechnology Fund mutual fund. Still, in general, we apply an absolute valuation method to find Biotechnology Fund'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 Biotechnology Fund where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Biotechnology Fund's related companies.
| Open | High | Low | Close | Volume | |
| 78.76 | 78.76 | 78.76 | 78.76 | 1.00 | |
10/04/2024 | 79.22 | 79.22 | 79.22 | 79.22 | 1.00 |
| 77.99 | 77.99 | 77.99 | 77.99 | 1.00 |
| Backtest Biotechnology Fund | | | Biotechnology Fund History | | | Biotechnology Fund Valuation | Previous | Next |
Biotechnology Fund Trading Date Momentum on October 4, 2024
| On October 07 2024 Biotechnology Fund Investor was traded for 77.99 at the closing time. The highest daily price throughout the period was 77.99 and the lowest price was 77.99 . There was no trading activity during the period 1.0. Lack of trading volume on 10/07/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 1.55% . The overall trading delta to current closing price is 1.11% . |
Biotechnology Fund Fundamentals Correlations and Trends
By evaluating Biotechnology Fund'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 Biotechnology Fund's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Biotechnology financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Biotechnology Fund Mutual Fund history
Biotechnology Fund 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 Biotechnology is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Biotechnology Fund 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 Biotechnology Fund stock prices may prove useful in developing a viable investing in Biotechnology Fund
Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Biotechnology Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It may invest to a significant extent in the securities of Biotechnology Companies that have small to mid-sized capitalizations. The fund is non-diversified.
Biotechnology Fund Mutual Fund Technical Analysis
Biotechnology Fund 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
Biotechnology Fund Period Price Range
Low | December 17, 2024
| High |
0.00 | 0.00 |
Biotechnology Fund Investor 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.
Biotechnology Fund December 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Biotechnology Fund 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 Biotechnology Fund shares will generate the highest return on investment. By undertsting and applying Biotechnology Fund mutual fund market strength indicators, traders can identify Biotechnology Fund Investor entry and exit signals to maximize returns
Biotechnology Fund Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Biotechnology Fund's price direction in advance. Along with the technical and fundamental analysis of Biotechnology Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Biotechnology 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 | 0.0064 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.07) |
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| Math Transform | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Biotechnology Mutual Fund
Biotechnology Fund financial ratios help investors to determine whether Biotechnology 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 Biotechnology with respect to the benefits of owning Biotechnology Fund security.
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