Rmb Japan Fund Price on September 19, 2024
| RMBPX Fund | USD 10.33 0.06 0.58% |
Below is the normalized historical share price chart for Rmb Japan Fund extending back to December 28, 2017. 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 Rmb Japan stands at 10.33, as last reported on the 24th of November, with the highest price reaching 10.33 and the lowest price hitting 10.33 during the day.
If you're considering investing in Rmb Mutual Fund, it is important to understand the factors that can impact its price. Rmb Japan Fund maintains Sharpe Ratio (i.e., Efficiency) of -0.0651, which implies the entity had a -0.0651% return per unit of risk over the last 3 months. Rmb Japan Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rmb Japan's Variance of 1.95, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,775) to confirm the risk estimate we provide.
Rmb Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Rmb |
Sharpe Ratio = -0.0651
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| Negative Returns | RMBPX |
Estimated Market Risk
| 1.38 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Rmb Japan 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 Rmb Japan by adding Rmb Japan to a well-diversified portfolio.
Rmb Japan Valuation on September 19, 2024
It is possible to determine the worth of Rmb Japan on a given historical date. On September 19, 2024 Rmb was worth 11.02 at the beginning of the trading date compared to the closed value of 11.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rmb Japan mutual fund. Still, in general, we apply an absolute valuation method to find Rmb Japan'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 Rmb Japan where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rmb Japan's related companies.
| Open | High | Low | Close | Volume | |
| 10.70 | 10.70 | 10.70 | 10.70 | 1.00 | |
09/19/2024 | 11.02 | 11.02 | 11.02 | 11.02 | 1.00 |
| 11.00 | 11.00 | 11.00 | 11.00 | 1.00 |
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Rmb Japan Trading Date Momentum on September 19, 2024
| On September 20 2024 Rmb Japan Fund was traded for 11.00 at the closing time. The highest daily price throughout the period was 11.00 and the lowest price was 11.00 . There was no trading activity during the period 1.0. Lack of trading volume on 09/20/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.18% . The trading delta at closing time to current closing price is 0.27% . |
Rmb Japan Fund Fundamentals Correlations and Trends
By evaluating Rmb Japan'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 Rmb Japan's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rmb financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rmb Japan Mutual Fund history
Rmb Japan 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 Rmb is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rmb Japan Fund 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 Rmb Japan stock prices may prove useful in developing a viable investing in Rmb Japan
The fund invests, under normal conditions, at least 80 percent of its net assets in equity securities of Japanese companies. It primarily invests in equity securities, including common stocks, preferred stocks, warrants and other rights and securities convertible into or exchangeable for common stocks. The fund may also invest in REITs and depositary receipts, including American, European and Global Depository Receipts.
Rmb Japan Mutual Fund Technical Analysis
Rmb Japan 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
Rmb Japan Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Rmb Japan Fund 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.
Rmb Japan November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Rmb Japan 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 Rmb Japan shares will generate the highest return on investment. By undertsting and applying Rmb Japan mutual fund market strength indicators, traders can identify Rmb Japan Fund entry and exit signals to maximize returns
Rmb Japan Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rmb Japan's price direction in advance. Along with the technical and fundamental analysis of Rmb Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rmb 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 | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.10) |
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| Volume Indicators |
Other Information on Investing in Rmb Mutual Fund
Rmb Japan financial ratios help investors to determine whether Rmb 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 Rmb with respect to the benefits of owning Rmb Japan security.
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |