Mh Elite Small Fund Price on October 10, 2024
| MHELX Fund | USD 9.31 0.03 0.32% |
Below is the normalized historical share price chart for Mh Elite Small extending back to August 02, 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 Mh Elite stands at 9.31, as last reported on the 29th of November, with the highest price reaching 9.31 and the lowest price hitting 9.31 during the day.
If you're considering investing in MHELX Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider MHELX Mutual Fund to be not too volatile. Mh Elite Small retains Efficiency (Sharpe Ratio) of 0.18, which conveys that the entity had a 0.18% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Mh Elite, which you can use to evaluate the volatility of the fund. Please verify Mh Elite's Market Risk Adjusted Performance of 0.1117, mean deviation of 0.7908, and Standard Deviation of 1.14 to check out if the risk estimate we provide is consistent with the expected return of 0.19%.
MHELX Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
MHELX |
Sharpe Ratio = 0.1787
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | MHELX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.05 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Mh Elite is performing at about 14% 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 Mh Elite by adding it to a well-diversified portfolio.
Mh Elite Valuation on October 10, 2024
It is possible to determine the worth of Mh Elite on a given historical date. On October 10, 2024 MHELX was worth 8.65 at the beginning of the trading date compared to the closed value of 8.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mh Elite mutual fund. Still, in general, we apply an absolute valuation method to find Mh Elite'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 Mh Elite where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mh Elite's related companies.
| Open | High | Low | Close | Volume | |
| 8.69 | 8.69 | 8.69 | 8.69 | 1.00 | |
10/10/2024 | 8.65 | 8.65 | 8.65 | 8.65 | 1.00 |
| 8.80 | 8.80 | 8.80 | 8.80 | 1.00 |
| Backtest Mh Elite | | | Mh Elite History | | | Mh Elite Valuation | Previous | Next |
Mh Elite Trading Date Momentum on October 10, 2024
| On October 11 2024 Mh Elite Small was traded for 8.80 at the closing time. The highest daily price throughout the period was 8.80 and the lowest price was 8.80 . There was no trading activity during the period 1.0. Lack of trading volume on 10/11/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.73% . The trading delta at closing time to current closing price is 1.27% . |
Mh Elite Small Fundamentals Correlations and Trends
By evaluating Mh Elite'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 Mh Elite's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MHELX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mh Elite Mutual Fund history
Mh Elite 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 MHELX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mh Elite Small 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 Mh Elite stock prices may prove useful in developing a viable investing in Mh Elite
The fund invests at least 80 percent of its total assets in 12 to 25 unaffiliated open-end mutual funds which in turn, invest principally in common stocks of small and micro-capitalization companies. The adviser currently considers small and micro-capitalization companies to be those with a market capitalization that falls within the range of the Russell 2000 Index.
Mh Elite Mutual Fund Technical Analysis
Mh Elite 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
Mh Elite Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Mh Elite Small 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.
Mh Elite November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Mh Elite 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 Mh Elite shares will generate the highest return on investment. By undertsting and applying Mh Elite mutual fund market strength indicators, traders can identify Mh Elite Small entry and exit signals to maximize returns
Mh Elite Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mh Elite's price direction in advance. Along with the technical and fundamental analysis of MHELX Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of MHELX 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 | 0.097 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0124 | |||
| Treynor Ratio | 0.1017 |
| 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 MHELX Mutual Fund
Mh Elite financial ratios help investors to determine whether MHELX 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 MHELX with respect to the benefits of owning Mh Elite security.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |