Commonwealth Australianew Zealand Fund Price on September 4, 2024
CNZLX Fund | USD 10.99 0.04 0.36% |
If you're considering investing in Commonwealth Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Commonwealth Australia/new stands at 10.99, as last reported on the 24th of November, with the highest price reaching 10.99 and the lowest price hitting 10.99 during the day. Commonwealth Australia/new secures Sharpe Ratio (or Efficiency) of -0.0702, which signifies that the fund had a -0.0702% return per unit of risk over the last 3 months. Commonwealth Australianew Zealand exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Commonwealth Australia/new's Mean Deviation of 0.5898, standard deviation of 0.796, 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 = -0.0702
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Negative Returns | CNZLX |
Estimated Market Risk
0.8 actual daily | 7 93% of assets are more volatile |
Expected Return
-0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Commonwealth Australia/new 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 Australia/new by adding Commonwealth Australia/new to a well-diversified portfolio.
Commonwealth Australia/new Valuation on September 4, 2024
It is possible to determine the worth of Commonwealth Australia/new on a given historical date. On September 4, 2024 Commonwealth was worth 11.24 at the beginning of the trading date compared to the closed value of 11.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Commonwealth Australia/new mutual fund. Still, in general, we apply an absolute valuation method to find Commonwealth Australia/new'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 Australia/new where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Commonwealth Australia/new's related companies.
Open | High | Low | Close | Volume | |
11.22 | 11.22 | 11.22 | 11.22 | 1.00 | |
09/04/2024 | 11.24 | 11.24 | 11.24 | 11.24 | 1.00 |
11.41 | 11.41 | 11.41 | 11.41 | 1.00 |
Backtest Commonwealth Australia/new | | | Commonwealth Australia/new History | | | Commonwealth Australia/new Valuation | Previous | Next |
Commonwealth Australia/new Trading Date Momentum on September 4, 2024
On September 05 2024 Commonwealth Australianew Zealand was traded for 11.41 at the closing time. The highest daily price throughout the period was 11.41 and the lowest price was 11.41 . There was no trading activity during the period 1.0. Lack of trading volume on 09/05/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 1.51% . The overall trading delta to current closing price is 1.42% . |
Commonwealth Australia/new Fundamentals Correlations and Trends
By evaluating Commonwealth Australia/new'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 Australia/new'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 Australia/new Mutual Fund history
Commonwealth Australia/new 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 Australia/new 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 Australia/new stock prices may prove useful in developing a viable investing in Commonwealth Australia/new
The fund normally 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, Australian and New Zealand issuers that are tied economically to Australia or New Zealand. Commonwealth AustraliaNew is traded on NASDAQ Exchange in the United States.
Commonwealth Australia/new Mutual Fund Technical Analysis
Commonwealth Australia/new 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 Australia/new Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Commonwealth Australianew Zealand 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 Australia/new November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Commonwealth Australia/new 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 Australia/new shares will generate the highest return on investment. By undertsting and applying Commonwealth Australia/new mutual fund market strength indicators, traders can identify Commonwealth Australianew Zealand entry and exit signals to maximize returns
Commonwealth Australia/new Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Commonwealth Australia/new'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 | (0.08) | |||
Total Risk Alpha | (0.19) | |||
Treynor Ratio | (0.86) |
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Pattern Recognition | ||
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Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Other Information on Investing in Commonwealth Mutual Fund
Commonwealth Australia/new 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 Australia/new security.
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