Basic Materials Ultrasector Fund Price on October 25, 2024
| BMPIX Fund | USD 120.26 1.01 0.85% |
If you're considering investing in Basic Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Basic Materials stands at 120.26, as last reported on the 24th of November, with the highest price reaching 120.26 and the lowest price hitting 120.26 during the day. At this stage we consider Basic Mutual Fund to be very steady. Basic Materials Ultr secures Sharpe Ratio (or Efficiency) of 0.0167, which signifies that the fund had a 0.0167% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Basic Materials Ultrasector, which you can use to evaluate the volatility of the entity. Please confirm Basic Materials' Risk Adjusted Performance of 0.0166, mean deviation of 1.01, and Downside Deviation of 1.29 to double-check if the risk estimate we provide is consistent with the expected return of 0.0208%.
Basic Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Basic |
Sharpe Ratio = 0.0167
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BMPIX |
Estimated Market Risk
| 1.25 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Basic Materials is performing at about 1% 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 Basic Materials by adding it to a well-diversified portfolio.
Basic Materials Valuation on October 25, 2024
It is possible to determine the worth of Basic Materials on a given historical date. On October 25, 2024 Basic was worth 120.46 at the beginning of the trading date compared to the closed value of 120.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Basic Materials mutual fund. Still, in general, we apply an absolute valuation method to find Basic Materials' 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 Basic Materials where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Basic Materials' related companies.
| Open | High | Low | Close | Volume | |
| 121.63 | 121.63 | 121.63 | 121.63 | 1.00 | |
10/25/2024 | 120.46 | 120.46 | 120.46 | 120.46 | 1.00 |
| 121.95 | 121.95 | 121.95 | 121.95 | 1.00 |
| Backtest Basic Materials | | | Basic Materials History | | | Basic Materials Valuation | Previous | Next |
Basic Materials Trading Date Momentum on October 25, 2024
| On October 28 2024 Basic Materials Ultrasector was traded for 121.95 at the closing time. The highest daily price throughout the period was 121.95 and the lowest price was 121.95 . There was no trading activity during the period 1.0. Lack of trading volume on 10/28/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 1.24% . The overall trading delta to current closing price is 0.84% . |
Basic Materials Ultr Fundamentals Correlations and Trends
By evaluating Basic Materials' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Basic Materials' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Basic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Basic Materials Mutual Fund history
Basic Materials 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 Basic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Basic Materials Ultr 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 Basic Materials stock prices may prove useful in developing a viable investing in Basic Materials
The fund invests in financial instruments that the adviser believes, in combination, should produce daily returns consistent with its investment objective. Basic Materials is traded on NASDAQ Exchange in the United States.
Basic Materials Mutual Fund Technical Analysis
Basic Materials 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
Basic Materials Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Basic Materials Ultrasector 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.
Basic Materials November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Basic Materials 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 Basic Materials shares will generate the highest return on investment. By undertsting and applying Basic Materials mutual fund market strength indicators, traders can identify Basic Materials Ultrasector entry and exit signals to maximize returns
Basic Materials Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Basic Materials' price direction in advance. Along with the technical and fundamental analysis of Basic Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Basic 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 | 0.0166 | |||
| Jensen Alpha | 0.0033 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.1741 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Basic Mutual Fund
Basic Materials financial ratios help investors to determine whether Basic 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 Basic with respect to the benefits of owning Basic Materials security.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |