Steelpath Select 40 Fund Price on November 1, 2024
| MLPEX Fund | USD 7.76 0.03 0.39% |
Below is the normalized historical share price chart for Steelpath Select 40 extending back to May 31, 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 Steelpath Select stands at 7.76, as last reported on the 29th of November, with the highest price reaching 7.76 and the lowest price hitting 7.76 during the day.
If you're considering investing in Steelpath Mutual Fund, it is important to understand the factors that can impact its price. Steelpath Select appears to be very steady, given 3 months investment horizon. Steelpath Select owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.28, which indicates the fund had a 0.28% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Steelpath Select 40, which you can use to evaluate the volatility of the fund. Please review Steelpath Select's Semi Deviation of 0.3605, coefficient of variation of 388.82, and Risk Adjusted Performance of 0.1972 to confirm if our risk estimates are consistent with your expectations.
Steelpath Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Steelpath |
Sharpe Ratio = 0.2807
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | MLPEX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.73 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average Steelpath Select is performing at about 22% 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 Steelpath Select by adding it to a well-diversified portfolio.
Steelpath Select Main Headline on 1st of November 2024
Capital One Upgrades Genesis Energy, L.P. - Limited Partners... by news.google.com
Capital One Upgrades Genesis Energy, L.P. - Limited Partnership MSN
Steelpath Select Valuation on November 1, 2024
It is possible to determine the worth of Steelpath Select on a given historical date. On November 1, 2024 Steelpath was worth 6.98 at the beginning of the trading date compared to the closed value of 6.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Steelpath Select mutual fund. Still, in general, we apply an absolute valuation method to find Steelpath Select'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 Steelpath Select where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Steelpath Select's related companies.
| Open | High | Low | Close | Volume | |
| 7.01 | 7.01 | 7.01 | 7.01 | 1.00 | |
11/01/2024 | 6.98 | 6.98 | 6.98 | 6.98 | 1.00 |
| 7.02 | 7.02 | 7.02 | 7.02 | 1.00 |
| Backtest Steelpath Select | | | Steelpath Select History | | | Steelpath Select Valuation | Previous | Next |
Steelpath Select Trading Date Momentum on November 1, 2024
| On November 04 2024 Steelpath Select 40 was traded for 7.02 at the closing time. The highest daily price throughout the period was 7.02 and the lowest price was 7.02 . There was no trading activity during the period 1.0. Lack of trading volume on 11/04/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.57% . The trading price change to current closing price is 6.59% . |
Steelpath Select Fundamentals Correlations and Trends
By evaluating Steelpath Select'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 Steelpath Select's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Steelpath financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Steelpath Select Mutual Fund history
Steelpath Select 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 Steelpath is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Steelpath Select 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 Steelpath Select stock prices may prove useful in developing a viable investing in Steelpath Select
Under normal circumstances, the fund invests at least 80 percent of its net assets in master limited partnership investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources, and in derivatives and other instruments that have economic characteristics similar to such securities.
Steelpath Select Mutual Fund Technical Analysis
Steelpath Select 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
Steelpath Select Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Steelpath Select 40 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.
Steelpath Select November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Steelpath Select 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 Steelpath Select shares will generate the highest return on investment. By undertsting and applying Steelpath Select mutual fund market strength indicators, traders can identify Steelpath Select 40 entry and exit signals to maximize returns
Steelpath Select Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Steelpath Select's price direction in advance. Along with the technical and fundamental analysis of Steelpath Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Steelpath 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 | 0.1972 | |||
| Jensen Alpha | 0.1314 | |||
| Total Risk Alpha | 0.0724 | |||
| Sortino Ratio | 0.1079 | |||
| Treynor Ratio | 0.3798 |
| 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 Steelpath Mutual Fund
Steelpath Select financial ratios help investors to determine whether Steelpath 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 Steelpath with respect to the benefits of owning Steelpath Select security.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |