Active Bond Fund Price on May 16, 2024
| TOBAX Fund | USD 9.27 0.05 0.54% |
Below is the normalized historical share price chart for Active Bond Fund extending back to November 01, 1995. 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 Active Bond stands at 9.27, as last reported on the 20th of December, with the highest price reaching 9.27 and the lowest price hitting 9.27 during the day.
If you're considering investing in Active Mutual Fund, it is important to understand the factors that can impact its price. Active Bond Fund secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the fund had a -0.2% return per unit of risk over the last 3 months. Active Bond Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Active Bond's Standard Deviation of 0.2933, risk adjusted performance of (0.16), and Mean Deviation of 0.226 to double-check the risk estimate we provide.
Active Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Active |
Sharpe Ratio = -0.2022
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TOBAX |
Estimated Market Risk
| 0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.2 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Active Bond 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 Active Bond by adding Active Bond to a well-diversified portfolio.
Active Bond Valuation on May 16, 2024
It is possible to determine the worth of Active Bond on a given historical date. On May 16, 2024 Active was worth 9.08 at the beginning of the trading date compared to the closed value of 9.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Active Bond mutual fund. Still, in general, we apply an absolute valuation method to find Active Bond'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 Active Bond where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Active Bond's related companies.
| Open | High | Low | Close | Volume | |
| 9.09 | 9.09 | 9.09 | 9.09 | 1.00 | |
05/16/2024 | 9.08 | 9.08 | 9.08 | 9.08 | 1.00 |
| 9.05 | 9.05 | 9.05 | 9.05 | 1.00 |
| Backtest Active Bond | | | Active Bond History | | | Active Bond Valuation | Previous | Next |
Active Bond Trading Date Momentum on May 16, 2024
| On May 17 2024 Active Bond Fund was traded for 9.05 at the closing time. The highest daily price throughout the period was 9.05 and the lowest price was 9.05 . There was no trading activity during the period 1.0. Lack of trading volume on 05/17/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 0.33% . The overall trading delta to current closing price is 0.99% . |
Active Bond Fund Fundamentals Correlations and Trends
By evaluating Active Bond'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 Active Bond's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Active financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Active Bond Mutual Fund history
Active Bond 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 Active is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Active Bond Fund 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 Active Bond stock prices may prove useful in developing a viable investing in Active Bond
Under normal circumstances, the fund invests at least 80 percent of its assets in bonds. Bonds include mortgage-related securities, asset-backed securities, government securities, and corporate debt securities. The fund may also invest up to 20 percent of its total assets in foreign-issued debt securities denominated in either the U.S. dollar or a foreign currency.
Active Bond Mutual Fund Technical Analysis
Active Bond 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
Active Bond Period Price Range
Low | December 20, 2024
| High |
0.00 | 0.00 |
Active Bond 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.
Active Bond December 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Active Bond 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 Active Bond shares will generate the highest return on investment. By undertsting and applying Active Bond mutual fund market strength indicators, traders can identify Active Bond Fund entry and exit signals to maximize returns
Active Bond Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Active Bond's price direction in advance. Along with the technical and fundamental analysis of Active Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Active 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 | (0.16) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (1.33) |
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| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Active Mutual Fund
Active Bond financial ratios help investors to determine whether Active 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 Active with respect to the benefits of owning Active Bond security.
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