Biotechnology Portfolio Biotechnology Fund Price on January 31, 2023
| FBIOX Fund | USD 20.50 0.29 1.39% |
Below is the normalized historical share price chart for Biotechnology Portfolio Biotechnology extending back to May 15, 1986. 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 Portfolio stands at 20.50, as last reported on the 4th of December, with the highest price reaching 20.50 and the lowest price hitting 20.50 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 Portfolio secures Sharpe Ratio (or Efficiency) of -0.0086, which signifies that the fund had a -0.0086% return per unit of risk over the last 3 months. Biotechnology Portfolio Biotechnology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biotechnology Portfolio's Standard Deviation of 1.28, mean deviation of 0.93, and Risk Adjusted Performance of (0.03) 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 = -0.0086
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| Negative Returns | FBIOX |
Estimated Market Risk
| 1.27 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.01 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 Portfolio 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 Portfolio by adding Biotechnology Portfolio to a well-diversified portfolio.
Biotechnology Portfolio Valuation on January 31, 2023
It is possible to determine the worth of Biotechnology Portfolio on a given historical date. On January 31, 2023 Biotechnology was worth 16.66 at the beginning of the trading date compared to the closed value of 16.66. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Biotechnology Portfolio mutual fund. Still, in general, we apply an absolute valuation method to find Biotechnology Portfolio'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 Portfolio where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Biotechnology Portfolio's related companies.
| Open | High | Low | Close | Volume | |
| 16.40 | 16.40 | 16.40 | 16.40 | 1.00 | |
01/31/2023 | 16.66 | 16.66 | 16.66 | 16.66 | 1.00 |
| 16.65 | 16.65 | 16.65 | 16.65 | 1.00 |
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Biotechnology Portfolio Trading Date Momentum on January 31, 2023
| On February 01 2023 Biotechnology Portfolio Biotechnology was traded for 16.65 at the closing time. The highest daily price throughout the period was 16.65 and the lowest price was 16.65 . There was no trading activity during the period 1.0. Lack of trading volume on 02/01/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.06% . The overall trading delta to current closing price is 2.94% . |
Biotechnology Portfolio Fundamentals Correlations and Trends
By evaluating Biotechnology Portfolio'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 Portfolio'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 Portfolio Mutual Fund history
Biotechnology Portfolio 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 Portfolio 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 Portfolio stock prices may prove useful in developing a viable investing in Biotechnology Portfolio
The fund invests primarily in common stocks. It normally invests at least 80 percent of assets in securities of companies principally engaged in the research, development, manufacture, and distribution of various biotechnological products, services, and processes and companies that benefit significantly from scientific and technological advances in biotechnology. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuers financial condition and industry position, as well as market and economic conditions to select investments. The fund is non-diversified.
Biotechnology Portfolio Mutual Fund Technical Analysis
Biotechnology Portfolio 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 Portfolio Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Biotechnology Portfolio Biotechnology 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 Portfolio December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Biotechnology Portfolio 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 Portfolio shares will generate the highest return on investment. By undertsting and applying Biotechnology Portfolio mutual fund market strength indicators, traders can identify Biotechnology Portfolio Biotechnology entry and exit signals to maximize returns
Biotechnology Portfolio Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Biotechnology Portfolio'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 | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.06) |
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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 Portfolio 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 Portfolio security.
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