Gmo Resources Fund Price on November 6, 2024
GMOWX Fund | USD 20.09 0.25 1.23% |
If you're considering investing in Gmo Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Gmo Resources stands at 20.09, as last reported on the 28th of November, with the highest price reaching 20.09 and the lowest price hitting 20.09 during the day. Gmo Resources holds Efficiency (Sharpe) Ratio of -0.0507, which attests that the entity had a -0.0507% return per unit of risk over the last 3 months. Gmo Resources exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gmo Resources' Standard Deviation of 1.38, risk adjusted performance of (0.04), and Market Risk Adjusted Performance of 10.91 to validate the risk estimate we provide.
Gmo Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Gmo |
Sharpe Ratio = -0.0507
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Estimated Market Risk
1.4 actual daily | 12 88% of assets are more volatile |
Expected Return
-0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Gmo Resources 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 Gmo Resources by adding Gmo Resources to a well-diversified portfolio.
Gmo Resources Valuation on November 6, 2024
It is possible to determine the worth of Gmo Resources on a given historical date. On November 6, 2024 Gmo was worth 20.18 at the beginning of the trading date compared to the closed value of 20.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gmo Resources mutual fund. Still, in general, we apply an absolute valuation method to find Gmo Resources' 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 Gmo Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gmo Resources' related companies.
Open | High | Low | Close | Volume | |
20.66 | 20.66 | 20.66 | 20.66 | 1.00 | |
11/06/2024 | 20.18 | 20.18 | 20.18 | 20.18 | 1.00 |
20.45 | 20.45 | 20.45 | 20.45 | 1.00 |
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Gmo Resources Trading Date Momentum on November 6, 2024
On November 07 2024 Gmo Resources was traded for 20.45 at the closing time. The highest daily price throughout the period was 20.45 and the lowest price was 20.45 . There was no trading activity during the period 1.0. Lack of trading volume on 11/07/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 1.34% . The overall trading delta to current closing price is 1.04% . |
About Gmo Resources Mutual Fund history
Gmo Resources 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 Gmo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gmo Resources 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 Gmo Resources stock prices may prove useful in developing a viable investing in Gmo Resources
Under normal market conditions, the fund invests at least 80 percent of its assets in the securities of companies in that sector. The funds managers consider the natural resources sector to include companies that own, produce, refine, process, transport, and market natural resources and companies that provide related equipment, infrastructure, and services. The fund manager seeks to achieve the funds investment objective by investing the funds assets primarily in equities of companies in the natural resources sector.
Gmo Resources Mutual Fund Technical Analysis
Gmo Resources 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
Gmo Resources Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Gmo Resources 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.
Gmo Resources November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Gmo Resources 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 Gmo Resources shares will generate the highest return on investment. By undertsting and applying Gmo Resources mutual fund market strength indicators, traders can identify Gmo Resources entry and exit signals to maximize returns
Gmo Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gmo Resources' price direction in advance. Along with the technical and fundamental analysis of Gmo Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gmo 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 | (0.04) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.30) | |||
Treynor Ratio | 10.9 |
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Other Information on Investing in Gmo Mutual Fund
Gmo Resources financial ratios help investors to determine whether Gmo 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 Gmo with respect to the benefits of owning Gmo Resources security.
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume |