Global Absolute Return Fund Price on September 23, 2024
| JHACX Fund | USD 10.08 0.03 0.30% |
Below is the normalized historical share price chart for Global Absolute Return extending back to August 01, 2012. 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 Global Absolute stands at 10.08, as last reported on the 30th of November, with the highest price reaching 10.08 and the lowest price hitting 10.08 during the day.
If you're considering investing in Global Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Global Mutual Fund to be very steady. Global Absolute Return holds Efficiency (Sharpe) Ratio of 0.0671, which attests that the entity had a 0.0671% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global Absolute Return, which you can use to evaluate the volatility of the entity. Please check out Global Absolute's Market Risk Adjusted Performance of 0.1249, risk adjusted performance of 0.0648, and Downside Deviation of 0.3641 to validate if the risk estimate we provide is consistent with the expected return of 0.0224%.
Global Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Global |
Sharpe Ratio = 0.0671
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| Negative Returns | JHACX |
Estimated Market Risk
| 0.33 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Global Absolute is performing at about 5% 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 Global Absolute by adding it to a well-diversified portfolio.
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Global Absolute Valuation on September 23, 2024
It is possible to determine the worth of Global Absolute on a given historical date. On September 23, 2024 Global was worth 9.97 at the beginning of the trading date compared to the closed value of 9.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Global Absolute mutual fund. Still, in general, we apply an absolute valuation method to find Global Absolute'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 Global Absolute where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Global Absolute's related companies.
| Open | High | Low | Close | Volume | |
| 9.95 | 9.95 | 9.95 | 9.95 | 1.00 | |
09/23/2024 | 9.97 | 9.97 | 9.97 | 9.97 | 1.00 |
| 9.94 | 9.94 | 9.94 | 9.94 | 1.00 |
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Global Absolute Trading Date Momentum on September 23, 2024
| On September 24 2024 Global Absolute Return was traded for 9.94 at the closing time. The highest daily price throughout the period was 9.94 and the lowest price was 9.94 . There was no trading activity during the period 1.0. Lack of trading volume on 09/24/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.30% . The overall trading delta to current closing price is 0.70% . |
Global Absolute Return Fundamentals Correlations and Trends
By evaluating Global Absolute'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 Global Absolute's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Global financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Global Absolute Mutual Fund history
Global Absolute 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 Global is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Global Absolute Return 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 Global Absolute stock prices may prove useful in developing a viable investing in Global Absolute
The fund may use an extensive range of investment strategies and invest in a wide spectrum of equity and fixed-income securities, as well as derivative instruments, in pursuing its investment objective. It may invest in equity and fixed-income securities of companies and government and supranational entities around the world, including in emerging markets. The fund is not subject to any maturity, market capitalization, or credit quality restrictions and may invest in high-yield below-investment-grade bonds without limitation. It may invest significantly in particular economic sectors.
Global Absolute Mutual Fund Technical Analysis
Global Absolute 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
Global Absolute Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Global Absolute Return 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.
Global Absolute November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Global Absolute 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 Global Absolute shares will generate the highest return on investment. By undertsting and applying Global Absolute mutual fund market strength indicators, traders can identify Global Absolute Return entry and exit signals to maximize returns
Global Absolute Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Global Absolute's price direction in advance. Along with the technical and fundamental analysis of Global Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Global 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 | 0.0648 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | 0.1149 |
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Other Information on Investing in Global Mutual Fund
Global Absolute financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Absolute security.
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