Commonwealth Global Fund Price on April 6, 2023
| CNGLX Fund | USD 21.64 0.06 0.28% |
Below is the normalized historical share price chart for Commonwealth Global Fund extending back to December 17, 2002. 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 Commonwealth Global stands at 21.64, as last reported on the 15th of December 2024, with the highest price reaching 21.64 and the lowest price hitting 21.64 during the day.
If you're considering investing in Commonwealth Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Commonwealth Mutual Fund to be very steady. Commonwealth Global secures Sharpe Ratio (or Efficiency) of 0.0634, which signifies that the fund had a 0.0634% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Commonwealth Global Fund, which you can use to evaluate the volatility of the entity. Please confirm Commonwealth Global's Risk Adjusted Performance of 0.051, mean deviation of 0.4911, and Downside Deviation of 0.6699 to double-check if the risk estimate we provide is consistent with the expected return of 0.0426%.
Commonwealth Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Commonwealth |
Sharpe Ratio = 0.0634
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CNGLX |
Estimated Market Risk
| 0.67 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Commonwealth Global is performing at about 4% 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 Commonwealth Global by adding it to a well-diversified portfolio.
Commonwealth Global Main Headline on 6th of April 2023
StraightPath Receiver Outlines Recovery Steps for Investors ... by news.google.com
StraightPath Receiver Outlines Recovery Steps for Investors The Wall Street Journal
Commonwealth Global Valuation on April 6, 2023
It is possible to determine the worth of Commonwealth Global on a given historical date. On April 6, 2023 Commonwealth was worth 18.41 at the beginning of the trading date compared to the closed value of 18.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Commonwealth Global mutual fund. Still, in general, we apply an absolute valuation method to find Commonwealth Global'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 Commonwealth Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Commonwealth Global's related companies.
| Open | High | Low | Close | Volume | |
| 18.41 | 18.41 | 18.41 | 18.41 | 1.00 | |
04/06/2023 | 18.41 | 18.41 | 18.41 | 18.41 | 1.00 |
| 18.39 | 18.39 | 18.39 | 18.39 | 1.00 |
| Backtest Commonwealth Global | | | Commonwealth Global History | | | Commonwealth Global Valuation | Previous | Next |
Commonwealth Global Trading Date Momentum on April 6, 2023
| On April 10 2023 Commonwealth Global Fund was traded for 18.39 at the closing time. The highest daily price throughout the period was 18.39 and the lowest price was 18.39 . There was no trading activity during the period 1.0. Lack of trading volume on 04/10/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.11% . The overall trading delta to current closing price is 1.79% . |
Commonwealth Global Fundamentals Correlations and Trends
By evaluating Commonwealth Global'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 Commonwealth Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Commonwealth financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Commonwealth Global Mutual Fund history
Commonwealth Global 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 Commonwealth is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Commonwealth Global 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 Commonwealth Global stock prices may prove useful in developing a viable investing in Commonwealth Global
The fund invests primarily in U.S. and foreign equity securities and in debt securities. Its investments may include issuers of any market capitalization. Although the fund can invest in companies from any country, it generally focuses on established companies in countries with developed economies. Under normal market conditions, the fund invests at least 40 percent of its net assets in the securities of, and depositary receipts represented by, foreign issuers.
Commonwealth Global Mutual Fund Technical Analysis
Commonwealth Global 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
Commonwealth Global Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Commonwealth Global Fund 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.
Commonwealth Global December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Commonwealth Global 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 Commonwealth Global shares will generate the highest return on investment. By undertsting and applying Commonwealth Global mutual fund market strength indicators, traders can identify Commonwealth Global Fund entry and exit signals to maximize returns
Commonwealth Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Commonwealth Global's price direction in advance. Along with the technical and fundamental analysis of Commonwealth Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Commonwealth 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 | 0.051 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0517 |
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| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Commonwealth Mutual Fund
Commonwealth Global financial ratios help investors to determine whether Commonwealth 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 Commonwealth with respect to the benefits of owning Commonwealth Global security.
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