Aama Income Fund Price on March 28, 2024
| AMFIX Fund | USD 23.58 0.04 0.17% |
Below is the normalized historical share price chart for Aama Income Fund extending back to June 30, 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 Aama Income stands at 23.58, as last reported on the 3rd of May, with the highest price reaching 23.58 and the lowest price hitting 23.58 during the day.
If you're considering investing in Aama Mutual Fund, it is important to understand the factors that can impact its price. We consider Aama Income very steady. Aama Income Fund secures Sharpe Ratio (or Efficiency) of 0.0483, which signifies that the fund had a 0.0483% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Aama Income Fund, which you can use to evaluate the volatility of the entity. Please confirm Aama Income's Mean Deviation of 0.0969, downside deviation of 0.1446, and Risk Adjusted Performance of (0.03) to double-check if the risk estimate we provide is consistent with the expected return of 0.0055%.
Aama Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Aama |
Sharpe Ratio = 0.0483
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| Negative Returns | AMFIX |
Estimated Market Risk
| 0.11 actual daily | 0 100% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Aama Income is performing at about 3% 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 Aama Income by adding it to a well-diversified portfolio.
Aama Income Valuation on March 28, 2024
It is possible to determine the worth of Aama Income on a given historical date. On March 28, 2024 Aama was worth 23.61 at the beginning of the trading date compared to the closed value of 23.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Aama Income mutual fund. Still, in general, we apply an absolute valuation method to find Aama 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 Aama Income where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Aama Income's related companies.
| Open | High | Low | Close | Volume | |
| 23.62 | 23.62 | 23.57 | 23.57 | 1.00 | |
03/28/2024 | 23.61 | 23.61 | 23.56 | 23.56 | 1.00 |
| 23.58 | 23.58 | 23.53 | 23.53 | 1.00 |
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Aama Income Trading Date Momentum on March 28, 2024
| On April 01 2024 Aama Income Fund was traded for 23.53 at the closing time. The highest daily price throughout the period was 23.58 and the lowest price was 23.53 . There was no trading activity during the period 1.0. Lack of trading volume on 04/01/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.13% . The overall trading delta to current closing price is 0.04% . |
Aama Income Fund Fundamentals Correlations and Trends
By evaluating Aama Income'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 Aama Income's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Aama financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Aama Income Mutual Fund history
Aama 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 Aama is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Aama Income Fund 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 Aama Income stock prices may prove useful in developing a viable investing in Aama Income
The fund will principally invest in income-producing securities which include U.S. Treasury obligations and other U.S. government and agency securities including mortgage-backed securities, corporate bonds, high yield bonds , municipal bonds, preferred stocks, inflation indexed bonds, money market instruments including commercial paper, bankers acceptances and marketable CDs, floating and variable rate securities, zero coupon bonds, and ETFs or mutual funds that invest in the types of securities in which the fund would normally invest.
Aama Income Mutual Fund Technical Analysis
Aama 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
Aama Income Period Price Range
Low | March 28, 2024
| High |
23.61 | 23.56 |
Aama Income May 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Aama 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 Aama Income shares will generate the highest return on investment. By undertsting and applying Aama Income mutual fund market strength indicators, traders can identify Aama Income Fund entry and exit signals to maximize returns
Aama Income Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Aama Income's price direction in advance. Along with the technical and fundamental analysis of Aama Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Aama 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 | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.36) | |||
| Treynor Ratio | (0.13) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aama Income Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.