Shenkman Floating Rate Fund Price on November 21, 2024
| SFHFX Fund | USD 9.17 0.05 0.54% |
Below is the normalized historical share price chart for Shenkman Floating Rate extending back to March 01, 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 Shenkman Floating stands at 9.17, as last reported on the 2nd of December, with the highest price reaching 9.17 and the lowest price hitting 9.17 during the day.
If you're considering investing in Shenkman Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Shenkman Mutual Fund to be very steady. Shenkman Floating Rate owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the fund had a 0.23% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Shenkman Floating Rate, which you can use to evaluate the volatility of the fund. Please validate Shenkman Floating's Variance of 0.0093, risk adjusted performance of 0.1157, and Coefficient Of Variation of 413.45 to confirm if the risk estimate we provide is consistent with the expected return of 0.0224%.
Shenkman Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Shenkman |
Sharpe Ratio = 0.2295
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Based on monthly moving average Shenkman Floating is performing at about 18% 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 Shenkman Floating by adding it to a well-diversified portfolio.
Shenkman Floating Valuation on November 21, 2024
It is possible to determine the worth of Shenkman Floating on a given historical date. On November 21, 2024 Shenkman was worth 9.2 at the beginning of the trading date compared to the closed value of 9.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shenkman Floating mutual fund. Still, in general, we apply an absolute valuation method to find Shenkman Floating'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 Shenkman Floating where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shenkman Floating's related companies.
| Open | High | Low | Close | Volume | |
| 9.20 | 9.20 | 9.20 | 9.20 | 1.00 | |
11/21/2024 | 9.20 | 9.20 | 9.20 | 9.20 | 1.00 |
| 9.21 | 9.21 | 9.21 | 9.21 | 1.00 |
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Shenkman Floating Trading Date Momentum on November 21, 2024
| On November 22 2024 Shenkman Floating Rate was traded for 9.21 at the closing time. The highest daily price throughout the period was 9.21 and the lowest price was 9.21 . 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 price change to closing price of the next trading day was 0.11% . The trading price change to current closing price is 0.33% . |
Shenkman Floating Rate Fundamentals Correlations and Trends
By evaluating Shenkman Floating'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 Shenkman Floating's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shenkman financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shenkman Floating Mutual Fund history
Shenkman Floating 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 Shenkman is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shenkman Floating Rate 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 Shenkman Floating stock prices may prove useful in developing a viable investing in Shenkman Floating
The fund invests at least 80 percent of its net assets in a diversified portfolio of senior secured and unsecured floating rate bank loans and other floating rate instruments. The loans and other instruments in which the fund invests include bank loans to corporate borrowers, traditional corporate bonds, notes, debentures, zero-coupon bonds, collateralized loan obligations and other corporate debt securities, and obligations of the U.S. government and government-sponsored entities.
Shenkman Floating Mutual Fund Technical Analysis
Shenkman Floating 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
Shenkman Floating Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Shenkman Floating Rate 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.
Shenkman Floating December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Shenkman Floating 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 Shenkman Floating shares will generate the highest return on investment. By undertsting and applying Shenkman Floating mutual fund market strength indicators, traders can identify Shenkman Floating Rate entry and exit signals to maximize returns
Shenkman Floating Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shenkman Floating's price direction in advance. Along with the technical and fundamental analysis of Shenkman Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shenkman 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 | 0.1157 | |||
| Jensen Alpha | 0.0116 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | 0.9751 |
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Other Information on Investing in Shenkman Mutual Fund
Shenkman Floating financial ratios help investors to determine whether Shenkman 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 Shenkman with respect to the benefits of owning Shenkman Floating security.
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