Vela International Fund Price on October 14, 2024
| VEILX Fund | USD 13.47 0.09 0.67% |
Below is the normalized historical share price chart for Vela International extending back to September 30, 2020. 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 Vela International stands at 13.47, as last reported on the 29th of November, with the highest price reaching 13.47 and the lowest price hitting 13.47 during the day.
If you're considering investing in Vela Mutual Fund, it is important to understand the factors that can impact its price. Vela International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.04, which indicates the fund had a -0.04% return per unit of risk over the last 3 months. Vela International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vela International's Variance of 0.5604, coefficient of variation of (1,035), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide.
Vela Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Vela |
Sharpe Ratio = -0.04
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| Negative Returns | VEILX |
Estimated Market Risk
| 0.72 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Vela International 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 Vela International by adding Vela International to a well-diversified portfolio.
Vela International Valuation on October 14, 2024
It is possible to determine the worth of Vela International on a given historical date. On October 14, 2024 Vela was worth 13.85 at the beginning of the trading date compared to the closed value of 13.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Vela International mutual fund. Still, in general, we apply an absolute valuation method to find Vela International'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 Vela International where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Vela International's related companies.
| Open | High | Low | Close | Volume | |
| 13.90 | 13.90 | 13.90 | 13.90 | 1.00 | |
10/14/2024 | 13.85 | 13.85 | 13.85 | 13.85 | 1.00 |
| 13.72 | 13.72 | 13.72 | 13.72 | 1.00 |
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Vela International Trading Date Momentum on October 14, 2024
| On October 15 2024 Vela International was traded for 13.72 at the closing time. The highest daily price throughout the period was 13.72 and the lowest price was 13.72 . There was no trading activity during the period 1.0. Lack of trading volume on 10/15/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 0.94% . The trading price change to current closing price is 0.65% . |
Vela International Fundamentals Correlations and Trends
By evaluating Vela International'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 Vela International's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Vela financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Vela International Mutual Fund history
Vela International 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 Vela is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Vela International 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 Vela International stock prices may prove useful in developing a viable investing in Vela International
The fund, under normal market conditions, invests its assets primarily in non-U.S. equity securities of companies of any size that the Adviser believes are undervalued. Equity securities consist of common and preferred stocks. The Adviser intends to diversify its investments across different countries and regions. The fund may invest up to 30 percent of its total assets in securities of companies located in emerging market countries.
Vela International Mutual Fund Technical Analysis
Vela International 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
Vela International Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Vela International 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.
Vela International November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Vela International 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 Vela International shares will generate the highest return on investment. By undertsting and applying Vela International mutual fund market strength indicators, traders can identify Vela International entry and exit signals to maximize returns
Vela International Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Vela International's price direction in advance. Along with the technical and fundamental analysis of Vela Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Vela 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 | (0.07) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.29) |
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| Volume Indicators |
Other Information on Investing in Vela Mutual Fund
Vela International financial ratios help investors to determine whether Vela 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 Vela with respect to the benefits of owning Vela International security.
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