Africa Fund Africa Fund Quote

CAFRX Fund  USD 6.93  0.04  0.58%   

Performance

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Odds Of Distress

Less than 44

 
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Africa Fund is trading at 6.93 as of the 28th of March 2024; that is 0.58 percent up since the beginning of the trading day. The fund's open price was 6.89. Africa Fund has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Africa Fund Africa are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of September 2023 and ending today, the 28th of March 2024. Click here to learn more.
Under normal market conditions, the fund invests at least 80 percent of its net assets in the securities of, and depositary receipts , Global Depositary Receipts , and European Depositary Receipts represented by, African issuers that are tied economically to Africa. More on Africa Fund Africa

Moving together with Africa Mutual Fund

  0.73CNZLX Commonwealth AustralianewPairCorr

Moving against Africa Mutual Fund

  0.67IIF Morgan Stanley IndiaPairCorr
  0.62TTEEX T Rowe PricePairCorr
  0.54CII Blackrock EnhancedPairCorr
  0.54IFN India ClosedPairCorr
  0.48ETV Eaton Vance TaxPairCorr
  0.46USA Liberty All StarPairCorr
  0.44ASG Liberty All StarPairCorr

Africa Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Africa Fund's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Africa Fund or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationCommonwealth Intl Series Tr Funds, Large Funds, Miscellaneous Region Funds, Miscellaneous Region, Commonwealth Intl Series Tr (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date28th of February 2023
Fiscal Year EndOctober
Africa Fund Africa [CAFRX] is traded in USA and was established 28th of March 2024. Africa Fund is listed under Commonwealth Intl Series Tr category by Fama And French industry classification. The fund is listed under Miscellaneous Region category and is part of Commonwealth Intl Series Tr family. Africa Fund Africa currently has accumulated 2.99 M in assets under management (AUM) with minimum initial investment of 200. with the current yeild of 0.03%, while the total return for the last 3 years was -2.5%.
Check Africa Fund Probability Of Bankruptcy

Instrument Allocation

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Africa Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Africa Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Africa Fund Africa Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Africa Fund Africa Mutual Fund Constituents

AFKVanEck Africa IndexEtfMiscellaneous Region
NGEGlobal X MSCIEtfMiscellaneous Region
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Africa Fund Target Price Odds Analysis

Based on a normal probability distribution, the odds of Africa Fund jumping above the current price in 90 days from now is about 42.07%. The Africa Fund Africa probability density function shows the probability of Africa Fund mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Africa Fund has a beta of 0.9709 suggesting Africa Fund Africa market returns are sensitive to returns on the market. As the market goes up or down, Africa Fund is expected to follow. Additionally, africa Fund Africa has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 6.93HorizonTargetOdds Above 6.93
57.44%90 days
 6.93 
42.07%
Based on a normal probability distribution, the odds of Africa Fund to move above the current price in 90 days from now is about 42.07 (This Africa Fund Africa probability density function shows the probability of Africa Mutual Fund to fall within a particular range of prices over 90 days) .

Africa Fund Africa Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Africa Fund market risk premium is the additional return an investor will receive from holding Africa Fund long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Africa Fund. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Africa Fund's alpha and beta are two of the key measurements used to evaluate Africa Fund's performance over the market, the standard measures of volatility play an important role as well.

Africa Fund Against Markets

Picking the right benchmark for Africa Fund mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Africa Fund mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Africa Fund is critical whether you are bullish or bearish towards Africa Fund Africa at a given time. Please also check how Africa Fund's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Africa Fund without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Africa Mutual Fund?

Before investing in Africa Fund, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Africa Fund. To buy Africa Fund fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Africa Fund. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Africa Fund fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Africa Fund Africa fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Africa Fund Africa fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Africa Fund Africa, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Africa Fund Africa?

The danger of trading Africa Fund Africa is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Africa Fund is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Africa Fund. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Africa Fund Africa is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Africa Fund Africa. 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 metropolitan statistical area.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Africa Mutual Fund analysis

When running Africa Fund's price analysis, check to measure Africa Fund's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Africa Fund is operating at the current time. Most of Africa Fund's value examination focuses on studying past and present price action to predict the probability of Africa Fund's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Africa Fund's price. Additionally, you may evaluate how the addition of Africa Fund to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Africa Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Africa Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Africa Fund's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.