Nicholas Ii Inc Fund Price on March 16, 2024
If you're considering investing in Nicholas Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Nicholas Mutual Fund to be very steady. Nicholas Ii has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Nicholas, which you can use to evaluate the volatility of the fund. Please verify Nicholas' Mean Deviation of 0.5688, downside deviation of 0.6723, and Risk Adjusted Performance of 0.0897 to check out if the risk estimate we provide is consistent with the expected return of 0.0968%.
Nicholas Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Nicholas |
Sharpe Ratio = 0.1226
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Estimated Market Risk
| 0.79 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Nicholas is performing at about 9% 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 Nicholas by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Nicholas Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
Nicholas Ii Inc 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.
Nicholas December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Nicholas 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 Nicholas shares will generate the highest return on investment. By undertsting and applying Nicholas mutual fund market strength indicators, traders can identify Nicholas Ii Inc entry and exit signals to maximize returns
Nicholas Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nicholas' price direction in advance. Along with the technical and fundamental analysis of Nicholas Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nicholas 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 | 0.0897 | |||
| Jensen Alpha | 0.0821 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 1.67 |
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Tools for Nicholas Mutual Fund
When running Nicholas' price analysis, check to measure Nicholas' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nicholas is operating at the current time. Most of Nicholas' value examination focuses on studying past and present price action to predict the probability of Nicholas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nicholas' price. Additionally, you may evaluate how the addition of Nicholas to your portfolios can decrease your overall portfolio volatility.
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