Free Market Equity Fund Price on September 26, 2024
| FMUEX Fund | USD 26.61 0.05 0.19% |
Below is the normalized historical share price chart for Free Market Equity extending back to December 31, 2007. 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 Free Market stands at 26.61, as last reported on the 30th of November, with the highest price reaching 26.61 and the lowest price hitting 26.61 during the day.
If you're considering investing in Free Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Free Mutual Fund to be very steady. Free Market Equity secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Free Market Equity, which you can use to evaluate the volatility of the entity. Please confirm Free Market's Mean Deviation of 0.73, downside deviation of 0.854, and Coefficient Of Variation of 791.11 to check if the risk estimate we provide is consistent with the expected return of 0.16%.
Free Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Free |
Sharpe Ratio = 0.159
| Best Portfolio | Best Equity | |||
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| Small Returns | FMUEX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.02 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Free Market is performing at about 12% 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 Free Market by adding it to a well-diversified portfolio.
Free Market Valuation on September 26, 2024
It is possible to determine the worth of Free Market on a given historical date. On September 26, 2024 Free was worth 24.7 at the beginning of the trading date compared to the closed value of 24.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Free Market mutual fund. Still, in general, we apply an absolute valuation method to find Free Market'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 Free Market where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Free Market's related companies.
| Open | High | Low | Close | Volume | |
| 24.50 | 24.50 | 24.50 | 24.50 | 1.00 | |
09/26/2024 | 24.70 | 24.70 | 24.70 | 24.70 | 1.00 |
| 24.82 | 24.82 | 24.82 | 24.82 | 1.00 |
| Backtest Free Market | | | Free Market History | | | Free Market Valuation | Previous | Next |
Free Market Trading Date Momentum on September 26, 2024
| On September 27 2024 Free Market Equity was traded for 24.82 at the closing time. The highest daily price throughout the period was 24.82 and the lowest price was 24.82 . There was no trading activity during the period 1.0. Lack of trading volume on 09/27/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.49% . The overall trading delta to current closing price is 0.36% . |
Free Market Equity Fundamentals Correlations and Trends
By evaluating Free Market'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 Free Market's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Free financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Free Market Mutual Fund history
Free Market 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 Free is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Free Market Equity 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 Free Market stock prices may prove useful in developing a viable investing in Free Market
The fund normally invests at least 80 percent of its net assets, including any borrowings for investment purposes, in shares of registered, open-end investment companies and exchange-traded funds that have either adopted policies to invest at least 80 percent of their assets in equity securities, such as common stocks, preferred stocks or securities convertible into stocks, of U.S. companies, or invest substantially all of their assets in such equity securities. It will diversify its investments by investing primarily in investment companies focusing on different segments of the equity markets.
Free Market Mutual Fund Technical Analysis
Free Market 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
Free Market Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Free Market Equity 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.
Free Market November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Free Market 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 Free Market shares will generate the highest return on investment. By undertsting and applying Free Market mutual fund market strength indicators, traders can identify Free Market Equity entry and exit signals to maximize returns
Free Market Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Free Market's price direction in advance. Along with the technical and fundamental analysis of Free Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Free 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 | 0.0993 | |||
| Jensen Alpha | 0.1134 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.73 |
| 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 Free Mutual Fund
Free Market financial ratios help investors to determine whether Free 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 Free with respect to the benefits of owning Free Market security.
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