Free Market International Fund Price on January 30, 2024
| FMNEX Fund | USD 11.77 0.08 0.68% |
Below is the normalized historical share price chart for Free Market International extending back to December 31, 2007. 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 Free Market stands at 11.77, as last reported on the 5th of May, with the highest price reaching 11.77 and the lowest price hitting 11.77 during the day.
If you're considering investing in Free Mutual Fund, it is important to understand the factors that can impact its price. We consider Free Market very steady. Free Market International secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Free Market International, which you can use to evaluate the volatility of the entity. Please confirm Free Market's Mean Deviation of 0.519, downside deviation of 0.7398, and Coefficient Of Variation of 601.22 to check if the risk estimate we provide is consistent with the expected return of 0.13%.
Free Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Free |
Sharpe Ratio = 0.193
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Estimated Market Risk
| 0.66 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Free Market is performing at about 15% 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 Free Market by adding it to a well-diversified portfolio.
Free Market Valuation on January 30, 2024
It is possible to determine the worth of Free Market on a given historical date. On January 30, 2024 Free was worth 11.0 at the beginning of the trading date compared to the closed value of 11.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Free Market mutual fund. Still, in general, we apply an absolute valuation method to find Free Market'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 Free Market where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Free Market's related companies.
| Open | High | Low | Close | Volume | |
| 11.02 | 11.02 | 11.02 | 11.02 | 1.00 | |
01/30/2024 | 11.00 | 11.00 | 11.00 | 11.00 | 1.00 |
| 10.94 | 10.94 | 10.94 | 10.94 | 1.00 |
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Free Market Trading Date Momentum on January 30, 2024
| On January 31 2024 Free Market International was traded for 10.94 at the closing time. The highest daily price throughout the period was 10.94 and the lowest price was 10.94 . There was no trading activity during the period 1.0. Lack of trading volume on 01/31/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.55% . The overall trading delta to current closing price is 0.73% . |
Free Market International Fundamentals Correlations and Trends
By evaluating Free Market'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 Free Market's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Free financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Free Market Mutual Fund history
Free Market 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 Free is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Free Market 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 Free Market stock prices may prove useful in developing a viable investing in Free Market
The fund normally invests at least 80 percent of its net assets, including any borrowings for investment purposes, in shares of registered, open-end investment companies and exchange-traded funds that have either adopted policies to invest at least 80 percent of their assets in equity securities of foreign companies, or invest substantially all of their assets in such equity securities. It will diversify its investments by investing primarily in investment companies that focus on different segments of the foreign equity markets, including emerging markets, with little or no focus on domestic equity markets.
Free Market Mutual Fund Technical Analysis
Free Market 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
Free Market Period Price Range
Low | January 30, 2024
| High |
11.00 | 11.00 |
Free Market May 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Free Market 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 Free Market shares will generate the highest return on investment. By undertsting and applying Free Market mutual fund market strength indicators, traders can identify Free Market International entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 11.0 | |||
| Day Typical Price | 11.0 | |||
| Period Momentum Indicator | 0.77 | |||
| Relative Strength Index | 75.8 |
Free Market Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Free Market's price direction in advance. Along with the technical and fundamental analysis of Free Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Free 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 | 0.1057 | |||
| Jensen Alpha | 0.0403 | |||
| Total Risk Alpha | 0.0283 | |||
| Sortino Ratio | 0.0456 | |||
| Treynor Ratio | 0.1139 |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Free Market International. 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 income. Note that the Free Market International information on this page should be used as a complementary analysis to other Free Market'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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..