Sp Midcap Index Fund Price on November 8, 2024
| SPMIX Fund | USD 29.97 0.11 0.37% |
Below is the normalized historical share price chart for Sp Midcap Index extending back to January 08, 1993. 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 Sp Midcap stands at 29.97, as last reported on the 29th of November, with the highest price reaching 29.97 and the lowest price hitting 29.97 during the day.
If you're considering investing in SPMIX Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider SPMIX Mutual Fund to be very steady. Sp Midcap Index retains Efficiency (Sharpe Ratio) of 0.19, which indicates the fund had a 0.19% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Sp Midcap, which you can use to evaluate the volatility of the fund. Please validate Sp Midcap's Risk Adjusted Performance of 0.1133, downside deviation of 0.8822, and Mean Deviation of 0.7082 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%.
SPMIX Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
SPMIX |
Sharpe Ratio = 0.1925
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Estimated Market Risk
| 0.94 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Sp Midcap is performing at about 15% 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 Sp Midcap by adding it to a well-diversified portfolio.
Sp Midcap Valuation on November 8, 2024
It is possible to determine the worth of Sp Midcap on a given historical date. On November 8, 2024 SPMIX was worth 29.37 at the beginning of the trading date compared to the closed value of 29.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sp Midcap mutual fund. Still, in general, we apply an absolute valuation method to find Sp Midcap'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 Sp Midcap where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sp Midcap's related companies.
| Open | High | Low | Close | Volume | |
| 29.22 | 29.22 | 29.22 | 29.22 | 1.00 | |
11/08/2024 | 29.37 | 29.37 | 29.37 | 29.37 | 1.00 |
| 29.62 | 29.62 | 29.62 | 29.62 | 1.00 |
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Sp Midcap Trading Date Momentum on November 8, 2024
| On November 11 2024 Sp Midcap Index was traded for 29.62 at the closing time. The highest daily price throughout the period was 29.62 and the lowest price was 29.62 . There was no trading activity during the period 1.0. Lack of trading volume on 11/11/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 0.85% . The trading price change to current closing price is 2.49% . |
Sp Midcap Index Fundamentals Correlations and Trends
By evaluating Sp Midcap'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 Sp Midcap's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SPMIX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sp Midcap Mutual Fund history
Sp Midcap 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 SPMIX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sp Midcap Index 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 Sp Midcap stock prices may prove useful in developing a viable investing in Sp Midcap
The SP MidCap 400 Index includes the common stocks of 400 medium-sized U.S. companies from a broad range of industries. The fund is passively managed. It invests primarily in the stocks that make up the SP MidCap 400 Index so that the weighting of each stock in the portfolio approximates the index. The funds policy to invest at least 80 percent of its total assets in the underlying stocks of the index.
Sp Midcap Mutual Fund Technical Analysis
Sp Midcap 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
Sp Midcap Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Sp Midcap Index 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.
Sp Midcap November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Sp Midcap 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 Sp Midcap shares will generate the highest return on investment. By undertsting and applying Sp Midcap mutual fund market strength indicators, traders can identify Sp Midcap Index entry and exit signals to maximize returns
Sp Midcap Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sp Midcap's price direction in advance. Along with the technical and fundamental analysis of SPMIX Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of SPMIX 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 | 0.1133 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0192 | |||
| Treynor Ratio | 0.1136 |
| Cycle Indicators | ||
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| Math Transform | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in SPMIX Mutual Fund
Sp Midcap financial ratios help investors to determine whether SPMIX 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 SPMIX with respect to the benefits of owning Sp Midcap security.
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