Naranja Renta (Spain) Price on August 29, 2024
| 0P00000XI7 | 52.12 0.10 0.19% |
If you're considering investing in Naranja Fund, it is important to understand the factors that can impact its price. As of today, the current price of Naranja Renta stands at 52.12, as last reported on the 1st of December, with the highest price reaching 52.12 and the lowest price hitting 52.12 during the day. At this point, Naranja Renta is very steady. Naranja Renta Fija has Sharpe Ratio of 0.21, which conveys that the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Naranja Renta, which you can use to evaluate the volatility of the fund. Please verify Naranja Renta's Risk Adjusted Performance of 0.1004, coefficient of variation of 556.14, and Mean Deviation of 0.133 to check out if the risk estimate we provide is consistent with the expected return of 0.0344%.
Naranja Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Naranja |
Sharpe Ratio = 0.2073
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| Negative Returns | 0P00000XI7 |
Estimated Market Risk
| 0.17 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Naranja Renta is performing at about 16% 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 Naranja Renta by adding it to a well-diversified portfolio.
Naranja Renta Valuation on August 29, 2024
It is possible to determine the worth of Naranja Renta on a given historical date. On August 29, 2024 Naranja was worth 51.29 at the beginning of the trading date compared to the closed value of 51.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Naranja Renta fund. Still, in general, we apply an absolute valuation method to find Naranja Renta'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 Naranja Renta where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Naranja Renta's related companies.
| Open | High | Low | Close | Volume | |
| 51.28 | 51.28 | 51.28 | 51.28 | 1.00 | |
08/29/2024 | 51.29 | 51.29 | 51.29 | 51.29 | 1.00 |
| 51.24 | 51.24 | 51.24 | 51.24 | 1.00 |
| Backtest Naranja Renta | | | Naranja Renta History | Previous | Next |
Naranja Renta Trading Date Momentum on August 29, 2024
| On August 30 2024 Naranja Renta Fija was traded for 51.24 at the closing time. The highest price during the trading period was 51.24 and the lowest recorded bid was listed for 51.24 . There was no trading activity during the period 1.0. Lack of trading volume on August 30, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.10% . The trading delta at closing time to the current price is 0.47% . |
Price Boundaries
Naranja Renta Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Naranja Renta Fija cannot be verified against its exchange. Please verify the symbol is currently traded on Madrid 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.
Naranja Renta December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Naranja Renta fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Naranja Renta shares will generate the highest return on investment. By undertsting and applying Naranja Renta fund market strength indicators, traders can identify Naranja Renta Fija entry and exit signals to maximize returns
Naranja Renta Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Naranja Renta's price direction in advance. Along with the technical and fundamental analysis of Naranja Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Naranja 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 | 0.1004 | |||
| Jensen Alpha | 0.0227 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.62) | |||
| Treynor Ratio | (0.70) |
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| Volume Indicators |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
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