Optimum Fixed Income Fund Price on October 3, 2024
| OIFIX Fund | USD 8.44 0.02 0.24% |
Below is the normalized historical share price chart for Optimum Fixed Income extending back to July 23, 2003. 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 Optimum Fixed stands at 8.44, as last reported on the 28th of November, with the highest price reaching 8.44 and the lowest price hitting 8.44 during the day.
If you're considering investing in Optimum Mutual Fund, it is important to understand the factors that can impact its price. Optimum Fixed Income maintains Sharpe Ratio (i.e., Efficiency) of -0.0167, which implies the entity had a -0.0167% return per unit of risk over the last 3 months. Optimum Fixed Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optimum Fixed's Variance of 0.0912, risk adjusted performance of (0.05), and Coefficient Of Variation of (2,176) to confirm the risk estimate we provide.
Optimum Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Optimum |
Sharpe Ratio = -0.0167
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OIFIX |
Estimated Market Risk
| 0.31 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Optimum Fixed 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 Optimum Fixed by adding Optimum Fixed to a well-diversified portfolio.
Optimum Fixed Valuation on October 3, 2024
It is possible to determine the worth of Optimum Fixed on a given historical date. On October 3, 2024 Optimum was worth 8.56 at the beginning of the trading date compared to the closed value of 8.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Optimum Fixed mutual fund. Still, in general, we apply an absolute valuation method to find Optimum Fixed'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 Optimum Fixed where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Optimum Fixed's related companies.
| Open | High | Low | Close | Volume | |
| 8.59 | 8.59 | 8.59 | 8.59 | 1.00 | |
10/03/2024 | 8.56 | 8.56 | 8.56 | 8.56 | 1.00 |
| 8.50 | 8.50 | 8.50 | 8.50 | 1.00 |
| Backtest Optimum Fixed | | | Optimum Fixed History | | | Optimum Fixed Valuation | Previous | Next |
Optimum Fixed Trading Date Momentum on October 3, 2024
| On October 04 2024 Optimum Fixed Income was traded for 8.50 at the closing time. The highest daily price throughout the period was 8.50 and the lowest price was 8.50 . There was no trading activity during the period 1.0. Lack of trading volume on 10/04/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.70% . The trading delta at closing time to current closing price is 1.17% . |
Optimum Fixed Income Fundamentals Correlations and Trends
By evaluating Optimum Fixed'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 Optimum Fixed's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Optimum financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Optimum Fixed Mutual Fund history
Optimum Fixed 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 Optimum is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Optimum Fixed 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 Optimum Fixed stock prices may prove useful in developing a viable investing in Optimum Fixed
Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in fixed income securities . The adviser focuses on securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, corporate debt securities, taxable and tax-exempt municipal securities, and mortgage-backed and asset-backed securities.
Optimum Fixed Mutual Fund Technical Analysis
Optimum Fixed 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
Optimum Fixed Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Optimum Fixed 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.
Optimum Fixed November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Optimum Fixed 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 Optimum Fixed shares will generate the highest return on investment. By undertsting and applying Optimum Fixed mutual fund market strength indicators, traders can identify Optimum Fixed Income entry and exit signals to maximize returns
Optimum Fixed Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Optimum Fixed's price direction in advance. Along with the technical and fundamental analysis of Optimum Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Optimum 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 | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.5236 |
| 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 Optimum Mutual Fund
Optimum Fixed financial ratios help investors to determine whether Optimum 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 Optimum with respect to the benefits of owning Optimum Fixed security.
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |