Tekla World Healthcare Fund Price on August 22, 2024
| THW Fund | USD 11.09 0.08 0.73% |
If you're considering investing in Tekla Fund, it is important to understand the factors that can impact its price. As of today, the current price of Tekla World stands at 11.09, as last reported on the 3rd of January, with the highest price reaching 11.26 and the lowest price hitting 11.04 during the day. Tekla World Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.25, which indicates the fund had a -0.25% return per unit of risk over the last 3 months. Tekla World Healthcare exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tekla World's Variance of 0.8511, coefficient of variation of (375.69), and Risk Adjusted Performance of (0.21) to confirm the risk estimate we provide.
Tekla Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Tekla |
Sharpe Ratio = -0.252
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| Negative Returns | THW |
Estimated Market Risk
| 0.93 actual daily | 8 92% of assets are more volatile |
Expected Return
| -0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.25 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tekla World 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 Tekla World by adding Tekla World to a well-diversified portfolio.
Tekla World Valuation on August 22, 2024
It is possible to determine the worth of Tekla World on a given historical date. On August 22, 2024 Tekla was worth 12.65 at the beginning of the trading date compared to the closed value of 12.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tekla World fund. Still, in general, we apply an absolute valuation method to find Tekla World'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 Tekla World where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tekla World's related companies.
| Open | High | Low | Close | Volume | |
| 12.58 | 12.64 | 12.54 | 12.59 | 57,357 | |
08/22/2024 | 12.65 | 12.67 | 12.57 | 12.61 | 84,784 |
| 12.60 | 12.72 | 12.55 | 12.71 | 85,681 |
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Tekla World Trading Date Momentum on August 22, 2024
| On August 23 2024 Tekla World Healthcare was traded for 12.71 at the closing time. Highest Tekla World's price during the trading hours was 12.72 and the lowest price during the day was 12.55 . The net volume was 85.7 K. The overall trading history on the 23rd of August contributed to the next trading period price increase. The trading price change to the next next day price was 0.79% . The trading price change to current price is 0.00% . |
Tekla World Healthcare Fundamentals Correlations and Trends
By evaluating Tekla World'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 Tekla World's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tekla financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tekla World Fund history
Tekla World 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 Tekla is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tekla World Healthcare 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 Tekla World stock prices may prove useful in developing a viable investing in Tekla World
Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. Tekla World Healthcare Fund was formed on June 26, 2015 and is domiciled in the United States. Tekla World operates under Asset Management classification in the United States and is traded on New York Stock Exchange.
Tekla World Fund Technical Analysis
Tekla World technical 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
Tekla World Period Price Range
Low | January 3, 2025
| High |
0.00 | 0.00 |
Tekla World Healthcare cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.
Tekla World January 3, 2025 Market Strength
Market strength indicators help investors to evaluate how Tekla World fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tekla World shares will generate the highest return on investment. By undertsting and applying Tekla World fund market strength indicators, traders can identify Tekla World Healthcare entry and exit signals to maximize returns
Tekla World Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tekla World's price direction in advance. Along with the technical and fundamental analysis of Tekla Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tekla 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 | (0.21) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (1.32) |
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Other Information on Investing in Tekla Fund
Tekla World financial ratios help investors to determine whether Tekla 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 Tekla with respect to the benefits of owning Tekla World security.
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