Vela Income Opportunities Fund Price on July 1, 2024
| VIOIX Fund | USD 9.92 0.02 0.20% |
If you're considering investing in Vela Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Vela Income stands at 9.92, as last reported on the 4th of December, with the highest price reaching 9.92 and the lowest price hitting 9.92 during the day. At this stage we consider Vela Mutual Fund to be very steady. Vela Income Opportunities owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.096, which indicates the fund had a 0.096% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Vela Income Opportunities, which you can use to evaluate the volatility of the fund. Please validate Vela Income's Semi Deviation of 0.2905, coefficient of variation of 1456.26, and Risk Adjusted Performance of 0.043 to confirm if the risk estimate we provide is consistent with the expected return of 0.0374%.
Vela Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Vela |
Sharpe Ratio = 0.096
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| Negative Returns | VIOIX |
Estimated Market Risk
| 0.39 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Vela Income is performing at about 7% 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 Vela Income by adding it to a well-diversified portfolio.
Vela Income Valuation on July 1, 2024
It is possible to determine the worth of Vela Income on a given historical date. On July 1, 2024 Vela was worth 9.22 at the beginning of the trading date compared to the closed value of 9.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Vela Income mutual fund. Still, in general, we apply an absolute valuation method to find Vela Income'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 Income where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Vela Income's related companies.
| Open | High | Low | Close | Volume | |
| 9.28 | 9.28 | 9.28 | 9.28 | 1.00 | |
07/01/2024 | 9.22 | 9.22 | 9.22 | 9.22 | 1.00 |
| 9.24 | 9.24 | 9.24 | 9.24 | 1.00 |
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Vela Income Trading Date Momentum on July 1, 2024
| On July 02 2024 Vela Income Opportunities was traded for 9.24 at the closing time. The highest daily price throughout the period was 9.24 and the lowest price was 9.24 . There was no trading activity during the period 1.0. Lack of trading volume on 07/02/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 0.22% . The trading price change to current closing price is 0.87% . |
About Vela Income Mutual Fund history
Vela Income 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 Income Opportunities 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 Income stock prices may prove useful in developing a viable investing in Vela Income
The fund, under normal market conditions, invests at least 80 percent of its net assets in income producing securities. The fund may invest in common equities of large, mid and small capitalization companies , real estate investment trusts , preferred equity securities, convertible securities, and master limited partnerships . The fund will limit its investments in MLPs to less than 25 percent of net assets.
Vela Income Mutual Fund Technical Analysis
Vela Income 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 Income Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Vela Income Opportunities 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 Income December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Vela Income 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 Income shares will generate the highest return on investment. By undertsting and applying Vela Income mutual fund market strength indicators, traders can identify Vela Income Opportunities entry and exit signals to maximize returns
Vela Income Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Vela Income'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 | 0.043 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.0411 |
| Cycle Indicators | ||
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| Volume Indicators |
Other Information on Investing in Vela Mutual Fund
Vela Income 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 Income security.
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