Gmo High Yield Fund Price on November 7, 2024
| GMOZX Fund | 18.03 0.06 0.33% |
If you're considering investing in Gmo Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Gmo High stands at 18.03, as last reported on the 26th of November, with the highest price reaching 18.03 and the lowest price hitting 18.03 during the day. At this stage we consider Gmo Mutual Fund to be very steady. Gmo High Yield holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Gmo High Yield, which you can use to evaluate the volatility of the entity. Please check out Gmo High's Risk Adjusted Performance of 0.0849, coefficient of variation of 634.46, and Market Risk Adjusted Performance of 0.1475 to validate if the risk estimate we provide is consistent with the expected return of 0.0286%.
Gmo Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Gmo |
Sharpe Ratio = 0.1675
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Estimated Market Risk
| 0.17 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Gmo High 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 Gmo High by adding it to a well-diversified portfolio.
Gmo High Valuation on November 7, 2024
It is possible to determine the worth of Gmo High on a given historical date. On November 7, 2024 Gmo was worth 17.96 at the beginning of the trading date compared to the closed value of 17.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gmo High mutual fund. Still, in general, we apply an absolute valuation method to find Gmo High'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 Gmo High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gmo High's related companies.
| Open | High | Low | Close | Volume | |
| 17.90 | 17.90 | 17.90 | 17.90 | 1.00 | |
11/07/2024 | 17.96 | 17.96 | 17.96 | 17.96 | 1.00 |
| 18.01 | 18.01 | 18.01 | 18.01 | 1.00 |
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Gmo High Trading Date Momentum on November 7, 2024
| On November 08 2024 Gmo High Yield was traded for 18.01 at the closing time. The highest daily price throughout the period was 18.01 and the lowest price was 18.01 . There was no trading activity during the period 1.0. Lack of trading volume on 11/08/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.28% . The overall trading delta to current closing price is 0.17% . |
About Gmo High Mutual Fund history
Gmo High 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 Gmo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gmo High Yield 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 Gmo High stock prices may prove useful in developing a viable investing in Gmo High
Under normal circumstances, the fund invests directly and indirectly at least 80 percent of its assets in high yield bonds. The term bond includes obligations of an issuer to make payments on future dates of principal, interest or both and synthetic debt instruments created by GMO by investing in derivatives. The fund is non-diversified.
Gmo High Mutual Fund Technical Analysis
Gmo High 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
Gmo High Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Gmo High Yield 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.
Gmo High November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Gmo High 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 Gmo High shares will generate the highest return on investment. By undertsting and applying Gmo High mutual fund market strength indicators, traders can identify Gmo High Yield entry and exit signals to maximize returns
Gmo High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gmo High's price direction in advance. Along with the technical and fundamental analysis of Gmo Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gmo 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 | 0.0849 | |||
| Jensen Alpha | 0.0023 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.51) | |||
| Treynor Ratio | 0.1375 |
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Other Information on Investing in Gmo Mutual Fund
Gmo High financial ratios help investors to determine whether Gmo 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 Gmo with respect to the benefits of owning Gmo High security.
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