Commonwealth Japan Fund Price on October 21, 2024
| CNJFX Fund | USD 3.81 0.02 0.53% |
Below is the normalized historical share price chart for Commonwealth Japan Fund extending back to June 25, 1993. 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 Commonwealth Japan stands at 3.81, as last reported on the 27th of November, with the highest price reaching 3.81 and the lowest price hitting 3.81 during the day.
If you're considering investing in Commonwealth Mutual Fund, it is important to understand the factors that can impact its price. Commonwealth Japan secures Sharpe Ratio (or Efficiency) of -0.0766, which signifies that the fund had a -0.0766% return per unit of risk over the last 3 months. Commonwealth Japan Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Commonwealth Japan's Standard Deviation of 1.24, mean deviation of 0.8989, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide.
Commonwealth Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Commonwealth |
Sharpe Ratio = -0.0766
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| Negative Returns | CNJFX |
Estimated Market Risk
| 1.25 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Commonwealth Japan 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 Commonwealth Japan by adding Commonwealth Japan to a well-diversified portfolio.
Commonwealth Japan Valuation on October 21, 2024
It is possible to determine the worth of Commonwealth Japan on a given historical date. On October 21, 2024 Commonwealth was worth 3.89 at the beginning of the trading date compared to the closed value of 3.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Commonwealth Japan mutual fund. Still, in general, we apply an absolute valuation method to find Commonwealth Japan'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 Commonwealth Japan where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Commonwealth Japan's related companies.
| Open | High | Low | Close | Volume | |
| 3.93 | 3.93 | 3.93 | 3.93 | 1.00 | |
10/21/2024 | 3.89 | 3.89 | 3.89 | 3.89 | 1.00 |
| 3.84 | 3.84 | 3.84 | 3.84 | 1.00 |
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Commonwealth Japan Trading Date Momentum on October 21, 2024
| On October 22 2024 Commonwealth Japan Fund was traded for 3.84 at the closing time. The highest daily price throughout the period was 3.84 and the lowest price was 3.84 . There was no trading activity during the period 1.0. Lack of trading volume on 10/22/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.29% . The overall trading delta to current closing price is 2.57% . |
Commonwealth Japan Fundamentals Correlations and Trends
By evaluating Commonwealth Japan'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 Commonwealth Japan's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Commonwealth financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Commonwealth Japan Mutual Fund history
Commonwealth Japan 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 Commonwealth is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Commonwealth Japan 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 Commonwealth Japan stock prices may prove useful in developing a viable investing in Commonwealth Japan
Under normal market conditions, the fund invests at least 80 percent of its net assets in the securities of, and depositary receipts , Global Depositary Receipts , and European Depositary Receipts represented by, Japanese issuers that are tied economically to Japan. It may also engage in borrowing for cash management purposes.
Commonwealth Japan Mutual Fund Technical Analysis
Commonwealth Japan 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
Commonwealth Japan Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Commonwealth Japan 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.
Commonwealth Japan November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Commonwealth Japan 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 Commonwealth Japan shares will generate the highest return on investment. By undertsting and applying Commonwealth Japan mutual fund market strength indicators, traders can identify Commonwealth Japan Fund entry and exit signals to maximize returns
Commonwealth Japan Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Commonwealth Japan's price direction in advance. Along with the technical and fundamental analysis of Commonwealth Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Commonwealth 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 | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.17) |
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Commonwealth Mutual Fund
Commonwealth Japan financial ratios help investors to determine whether Commonwealth 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 Commonwealth with respect to the benefits of owning Commonwealth Japan security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |