Short Oil Gas Fund Price on September 4, 2024
| SNPSX Fund | USD 12.29 0.02 0.16% |
Below is the normalized historical share price chart for Short Oil Gas extending back to September 15, 2005. 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 Short Oil stands at 12.29, as last reported on the 28th of November, with the highest price reaching 12.29 and the lowest price hitting 12.29 during the day.
If you're considering investing in Short Mutual Fund, it is important to understand the factors that can impact its price. Short Oil Gas owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0468, which indicates the fund had a -0.0468% return per unit of risk over the last 3 months. Short Oil Gas exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Short Oil's Coefficient Of Variation of (1,783), variance of 1.49, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide.
Short Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Short |
Sharpe Ratio = -0.0468
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SNPSX |
Estimated Market Risk
| 1.23 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Short Oil 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 Short Oil by adding Short Oil to a well-diversified portfolio.
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Short Oil Valuation on September 4, 2024
It is possible to determine the worth of Short Oil on a given historical date. On September 4, 2024 Short was worth 13.31 at the beginning of the trading date compared to the closed value of 13.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Short Oil mutual fund. Still, in general, we apply an absolute valuation method to find Short Oil'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 Short Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Short Oil's related companies.
| Open | High | Low | Close | Volume | |
| 13.12 | 13.12 | 13.12 | 13.12 | 1.00 | |
09/04/2024 | 13.31 | 13.31 | 13.31 | 13.31 | 1.00 |
| 13.41 | 13.41 | 13.41 | 13.41 | 1.00 |
| Backtest Short Oil | | | Short Oil History | | | Short Oil Valuation | Previous | Next |
Short Oil Trading Date Momentum on September 4, 2024
| On September 05 2024 Short Oil Gas was traded for 13.41 at the closing time. The highest daily price throughout the period was 13.41 and the lowest price was 13.41 . There was no trading activity during the period 1.0. Lack of trading volume on 09/05/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 0.75% . The trading price change to current closing price is 1.58% . |
Short Oil Gas Fundamentals Correlations and Trends
By evaluating Short Oil'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 Short Oil's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Short financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Short Oil Mutual Fund history
Short Oil 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 Short is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Short Oil Gas 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 Short Oil stock prices may prove useful in developing a viable investing in Short Oil
The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index is constructed and maintained by SP Dow Jones Indices LLC. The index represents the energy sector of the SP 500 Index. The fund is non-diversified.
Short Oil Mutual Fund Technical Analysis
Short Oil 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
Short Oil Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Short Oil Gas 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.
Short Oil November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Short Oil 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 Short Oil shares will generate the highest return on investment. By undertsting and applying Short Oil mutual fund market strength indicators, traders can identify Short Oil Gas entry and exit signals to maximize returns
Short Oil Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Short Oil's price direction in advance. Along with the technical and fundamental analysis of Short Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Short 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 | (0.0006) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.1163 |
| 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 Short Mutual Fund
Short Oil financial ratios help investors to determine whether Short 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 Short with respect to the benefits of owning Short Oil security.
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