World Energy Fund Price on May 24, 2024
| AAWEX Fund | USD 15.35 0.28 1.79% |
Below is the normalized historical share price chart for World Energy Fund extending back to February 03, 2014. 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 World Energy stands at 15.35, as last reported on the 26th of November, with the highest price reaching 15.35 and the lowest price hitting 15.35 during the day.
If you're considering investing in World Mutual Fund, it is important to understand the factors that can impact its price. World Energy appears to be very steady, given 3 months investment horizon. World Energy shows Sharpe Ratio of 0.17, which attests that the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for World Energy, which you can use to evaluate the volatility of the fund. Please utilize World Energy's Downside Deviation of 1.35, market risk adjusted performance of 0.1849, and Mean Deviation of 0.8907 to validate if our risk estimates are consistent with your expectations.
World Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
World |
Sharpe Ratio = 0.1724
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Estimated Market Risk
| 1.23 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average World Energy is performing at about 13% 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 World Energy by adding it to a well-diversified portfolio.
World Energy Valuation on May 24, 2024
It is possible to determine the worth of World Energy on a given historical date. On May 24, 2024 World was worth 13.81 at the beginning of the trading date compared to the closed value of 13.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of World Energy mutual fund. Still, in general, we apply an absolute valuation method to find World Energy'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 World Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against World Energy's related companies.
| Open | High | Low | Close | Volume | |
| 13.73 | 13.73 | 13.73 | 13.73 | 1.00 | |
05/24/2024 | 13.81 | 13.81 | 13.81 | 13.81 | 1.00 |
| 14.01 | 14.01 | 14.01 | 14.01 | 1.00 |
| Backtest World Energy | | | World Energy History | | | World Energy Valuation | Previous | Next |
World Energy Trading Date Momentum on May 24, 2024
| On May 28 2024 World Energy Fund was traded for 14.01 at the closing time. The highest daily price throughout the period was 14.01 and the lowest price was 14.01 . There was no trading activity during the period 1.0. Lack of trading volume on 05/28/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 1.45% . The trading price change to current closing price is 0.87% . |
World Energy Fundamentals Correlations and Trends
By evaluating World Energy'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 World Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. World financial account trend analysis is a perfect complement when working with valuation or volatility modules.About World Energy Mutual Fund history
World Energy 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 World is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in World Energy 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 World Energy stock prices may prove useful in developing a viable investing in World Energy
The fund invests at least 80 percent of its net assets in a wide range of energy-related financial instruments issued in the U.S. and markets around the world. Investments typically include a combination of common stock, bonds, exchange traded funds and exchange traded notes but may also include other asset types that are related to energy industry activities. It will invest at least 40, but may invest up to 100, of its net assets in the securities of issuers organized or having their principal place of business outside the U.S. or doing a substantial amount of business outside the U.S.
World Energy Mutual Fund Technical Analysis
World Energy 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
World Energy Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
World Energy 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.
World Energy November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how World Energy 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 World Energy shares will generate the highest return on investment. By undertsting and applying World Energy mutual fund market strength indicators, traders can identify World Energy Fund entry and exit signals to maximize returns
World Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for World Energy's price direction in advance. Along with the technical and fundamental analysis of World Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of World 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 | 0.1187 | |||
| Jensen Alpha | 0.0557 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0402 | |||
| Treynor Ratio | 0.1749 |
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Other Information on Investing in World Mutual Fund
World Energy financial ratios help investors to determine whether World 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 World with respect to the benefits of owning World Energy security.
| 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 | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |