Nova Fund Class Fund Price on November 21, 2024
| RYNHX Fund | USD 136.10 0.78 0.57% |
If you're considering investing in Nova Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Nova Fund stands at 136.10, as last reported on the 2nd of December, with the highest price reaching 136.10 and the lowest price hitting 136.10 during the day. At this stage we consider Nova Mutual Fund to be very steady. Nova Fund Class has Sharpe Ratio of 0.17, which conveys that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nova Fund, which you can use to evaluate the volatility of the fund. Please verify Nova Fund's Downside Deviation of 1.11, risk adjusted performance of 0.1358, and Mean Deviation of 0.7508 to check out if the risk estimate we provide is consistent with the expected return of 0.19%.
Nova Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Nova |
Sharpe Ratio = 0.174
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Estimated Market Risk
| 1.07 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
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Nova Fund is performing at about 13% 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 Nova Fund by adding it to a well-diversified portfolio.
Nova Fund Valuation on November 21, 2024
It is possible to determine the worth of Nova Fund on a given historical date. On November 21, 2024 Nova was worth 134.46 at the beginning of the trading date compared to the closed value of 134.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nova Fund mutual fund. Still, in general, we apply an absolute valuation method to find Nova Fund'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 Nova Fund where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nova Fund's related companies.
| Open | High | Low | Close | Volume | |
| 133.38 | 133.38 | 133.38 | 133.38 | 1.00 | |
11/21/2024 | 134.46 | 134.46 | 134.46 | 134.46 | 1.00 |
| 135.12 | 135.12 | 135.12 | 135.12 | 1.00 |
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Nova Fund Trading Date Momentum on November 21, 2024
| On November 22 2024 Nova Fund Class was traded for 135.12 at the closing time. The highest daily price throughout the period was 135.12 and the lowest price was 135.12 . There was no trading activity during the period 1.0. Lack of trading volume on 11/22/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.49% . The trading delta at closing time to current closing price is 1.22% . |
Nova Fund Class Fundamentals Correlations and Trends
By evaluating Nova Fund'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 Nova Fund's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nova financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nova Fund Mutual Fund history
Nova Fund 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 Nova is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nova Fund Class 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 Nova Fund stock prices may prove useful in developing a viable investing in Nova Fund
The fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index and leveraged derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds , futures contracts, and options on securities, futures contracts, and stock indices. Nova Fund is traded on NASDAQ Exchange in the United States.
Nova Fund Mutual Fund Technical Analysis
Nova Fund 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
Nova Fund Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Nova Fund Class 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.
Nova Fund December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Nova Fund 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 Nova Fund shares will generate the highest return on investment. By undertsting and applying Nova Fund mutual fund market strength indicators, traders can identify Nova Fund Class entry and exit signals to maximize returns
Nova Fund Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nova Fund's price direction in advance. Along with the technical and fundamental analysis of Nova Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nova 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 | 0.1358 | |||
| Jensen Alpha | 0.1601 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0429 | |||
| Treynor Ratio | 1.47 |
| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Nova Mutual Fund
Nova Fund financial ratios help investors to determine whether Nova 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 Nova with respect to the benefits of owning Nova Fund security.
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