Health Care Ultrasector Fund Price on November 19, 2024
| HCPIX Fund | USD 109.26 0.40 0.37% |
Below is the normalized historical share price chart for Health Care Ultrasector extending back to August 22, 2000. 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 Health Care stands at 109.26, as last reported on the 29th of November, with the highest price reaching 109.26 and the lowest price hitting 109.26 during the day.
If you're considering investing in Health Mutual Fund, it is important to understand the factors that can impact its price. Health Care Ultrasector holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of standard deviation over the last 3 months. Health Care Ultrasector exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Health Care's market risk adjusted performance of (0.18), and Risk Adjusted Performance of (0.10) to validate the risk estimate we provide.
Health Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Health |
Sharpe Ratio = -0.1587
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Estimated Market Risk
| 1.02 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Health Care 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 Health Care by adding Health Care to a well-diversified portfolio.
Health Care Valuation on November 19, 2024
It is possible to determine the worth of Health Care on a given historical date. On November 19, 2024 Health was worth 102.7 at the beginning of the trading date compared to the closed value of 102.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Health Care mutual fund. Still, in general, we apply an absolute valuation method to find Health Care'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 Health Care where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Health Care's related companies.
| Open | High | Low | Close | Volume | |
| 103.45 | 103.45 | 103.45 | 103.45 | 1.00 | |
11/19/2024 | 102.70 | 102.70 | 102.70 | 102.70 | 1.00 |
| 104.51 | 104.51 | 104.51 | 104.51 | 1.00 |
| Backtest Health Care | | | Health Care History | | | Health Care Valuation | Previous | Next |
Health Care Trading Date Momentum on November 19, 2024
| On November 20 2024 Health Care Ultrasector was traded for 104.51 at the closing time. The highest daily price throughout the period was 104.51 and the lowest price was 104.51 . There was no trading activity during the period 1.0. Lack of trading volume on 11/20/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.76% . The trading delta at closing time to current closing price is 6.39% . |
Health Care Ultrasector Fundamentals Correlations and Trends
By evaluating Health Care'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 Health Care's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Health financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Health Care Mutual Fund history
Health Care 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 Health is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Health Care Ultrasector 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 Health Care stock prices may prove useful in developing a viable investing in Health Care
The fund invests in financial instruments that the fund advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes equity securities of companies from the following GICS industries health care equipment supplies, health care providers services health care technology biotechnology pharmaceuticals and life sciences tools services. The fund is non-diversified.
Health Care Mutual Fund Technical Analysis
Health Care 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
Health Care Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Health Care 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.
Health Care November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Health Care 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 Health Care shares will generate the highest return on investment. By undertsting and applying Health Care mutual fund market strength indicators, traders can identify Health Care Ultrasector entry and exit signals to maximize returns
Health Care Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Health Care's price direction in advance. Along with the technical and fundamental analysis of Health Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Health 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 | (0.10) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.19) |
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Other Information on Investing in Health Mutual Fund
Health Care financial ratios help investors to determine whether Health 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 Health with respect to the benefits of owning Health Care security.
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