Angel Oak Multi Strategy Fund Price on March 11, 2024
ANGCX Fund | USD 8.41 0.01 0.12% |
Below is the normalized historical share price chart for Angel Oak Multi Strategy extending back to August 04, 2015. 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 Angel Oak stands at 8.41, as last reported on the 20th of May, with the highest price reaching 8.41 and the lowest price hitting 8.41 during the day.
If you're considering investing in Angel Mutual Fund, it is important to understand the factors that can impact its price. We consider Angel Oak very steady. Angel Oak Multi secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Angel Oak Multi Strategy, which you can use to evaluate the volatility of the entity. Please confirm Angel Oak's mean deviation of 0.1727, and Risk Adjusted Performance of 0.0516 to double-check if the risk estimate we provide is consistent with the expected return of 0.0265%.
Angel Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Angel |
Sharpe Ratio = 0.1198
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Estimated Market Risk
0.22 actual daily | 1 99% of assets are more volatile |
Expected Return
0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Angel Oak is performing at about 9% 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 Angel Oak by adding it to a well-diversified portfolio.
Angel Oak Valuation on March 11, 2024
It is possible to determine the worth of Angel Oak on a given historical date. On March 11, 2024 Angel was worth 8.43 at the beginning of the trading date compared to the closed value of 8.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Angel Oak mutual fund. Still, in general, we apply an absolute valuation method to find Angel Oak'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 Angel Oak where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Angel Oak's related companies.
Open | High | Low | Close | Volume | |
8.44 | 8.44 | 8.37 | 8.37 | 1.00 | |
03/11/2024 | 8.43 | 8.43 | 8.36 | 8.36 | 1.00 |
8.42 | 8.42 | 8.35 | 8.35 | 1.00 |
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Angel Oak Trading Date Momentum on March 11, 2024
On March 12 2024 Angel Oak Multi Strategy was traded for 8.35 at the closing time. The highest daily price throughout the period was 8.42 and the lowest price was 8.35 . There was no trading activity during the period 1.0. Lack of trading volume on 03/12/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.12% . The overall trading delta to current closing price is 0.48% . |
Angel Oak Multi Fundamentals Correlations and Trends
By evaluating Angel Oak'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 Angel Oak's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Angel financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Angel Oak Mutual Fund history
Angel Oak 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 Angel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Angel Oak Multi 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 Angel Oak stock prices may prove useful in developing a viable investing in Angel Oak
The fund invests primarily in agency and non-agency residential mortgage-backed securities , commercial mortgage-backed securities , collateralized loan obligations , collateralized debt obligations , collateralized mortgage obligations , collateralized bond obligations , asset-backed securities . The fund may invest, without limitation, in securities of any maturity and duration. The fund may invest in high-yield securities and securities that are not rated by any rating agencies.
Angel Oak Mutual Fund Technical Analysis
Angel Oak 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
Angel Oak Period Price Range
Low | March 11, 2024
| High |
8.43 | 8.36 |
Angel Oak May 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Angel Oak 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 Angel Oak shares will generate the highest return on investment. By undertsting and applying Angel Oak mutual fund market strength indicators, traders can identify Angel Oak Multi Strategy entry and exit signals to maximize returns
Angel Oak Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Angel Oak's price direction in advance. Along with the technical and fundamental analysis of Angel Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Angel 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 | 0.0516 | |||
Jensen Alpha | 0.0069 | |||
Total Risk Alpha | (0.02) | |||
Sortino Ratio | (0.29) | |||
Treynor Ratio | 0.16 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Angel Oak Multi Strategy. 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 main economic indicators. Note that the Angel Oak Multi information on this page should be used as a complementary analysis to other Angel Oak's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.