Floating Rate Income Fund Price on May 6, 2024
| JFIRX Fund | USD 7.68 0.00 0.00% |
Below is the normalized historical share price chart for Floating Rate Income extending back to September 01, 2011. 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 Floating Rate stands at 7.68, as last reported on the 1st of December, with the highest price reaching 7.68 and the lowest price hitting 7.68 during the day.
If you're considering investing in Floating Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Floating Mutual Fund to be very steady. Floating Rate Income secures Sharpe Ratio (or Efficiency) of 0.24, which denotes the fund had a 0.24% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Floating Rate Income, which you can use to evaluate the volatility of the entity. Please confirm Floating Rate's Standard Deviation of 0.1361, variance of 0.0185, and Mean Deviation of 0.0788 to check if the risk estimate we provide is consistent with the expected return of 0.0267%.
Floating Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Floating |
Sharpe Ratio = 0.2425
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| JFIRX |
Based on monthly moving average Floating Rate is performing at about 19% 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 Floating Rate by adding it to a well-diversified portfolio.
Floating Rate Valuation on May 6, 2024
It is possible to determine the worth of Floating Rate on a given historical date. On May 6, 2024 Floating was worth 7.37 at the beginning of the trading date compared to the closed value of 7.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Floating Rate mutual fund. Still, in general, we apply an absolute valuation method to find Floating Rate'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 Floating Rate where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Floating Rate's related companies.
| Open | High | Low | Close | Volume | |
| 7.36 | 7.36 | 7.36 | 7.36 | 1.00 | |
05/06/2024 | 7.37 | 7.37 | 7.37 | 7.37 | 1.00 |
| 7.36 | 7.36 | 7.36 | 7.36 | 1.00 |
| Backtest Floating Rate | | | Floating Rate History | | | Floating Rate Valuation | Previous | Next |
Floating Rate Trading Date Momentum on May 6, 2024
| On May 07 2024 Floating Rate Income was traded for 7.36 at the closing time. The highest daily price throughout the period was 7.36 and the lowest price was 7.36 . There was no trading activity during the period 1.0. Lack of trading volume on 05/07/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.14% . The overall trading delta to current closing price is 0.00% . |
Floating Rate Income Fundamentals Correlations and Trends
By evaluating Floating Rate'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 Floating Rate's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Floating financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Floating Rate Mutual Fund history
Floating Rate 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 Floating is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Floating Rate Income 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 Floating Rate stock prices may prove useful in developing a viable investing in Floating Rate
The fund will invest at least 80 percent of its net assets in floating-rate loans, which often include debt securities of domestic and foreign issuers that are rated below investment grade, at the time of purchase, or are of comparable quality, as determined by the manager, and other floating-rate securities. It may invest in domestic and foreign loans and loan participations that pay interest at rates that float or reset periodically at a margin above a generally recognized base lending rate such as the Prime Rate, the Secured Overnight Financing Rate, or another generally recognized base lending rate.
Floating Rate Mutual Fund Technical Analysis
Floating Rate 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
Floating Rate Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Floating Rate Income 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.
Floating Rate December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Floating Rate 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 Floating Rate shares will generate the highest return on investment. By undertsting and applying Floating Rate mutual fund market strength indicators, traders can identify Floating Rate Income entry and exit signals to maximize returns
Floating Rate Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Floating Rate's price direction in advance. Along with the technical and fundamental analysis of Floating Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Floating 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 | 0.1562 | |||
| Jensen Alpha | 0.0227 | |||
| Total Risk Alpha | 0.0033 | |||
| Treynor Ratio | 0.986 |
| 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 Floating Mutual Fund
Floating Rate financial ratios help investors to determine whether Floating 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 Floating with respect to the benefits of owning Floating Rate security.
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Stocks Directory Find actively traded stocks across global markets | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |