Madison Ered Call Fund Price on March 20, 2024
| MENCX Fund | USD 8.37 0.01 0.12% |
Below is the normalized historical share price chart for Madison Ered Call extending back to July 31, 2012. 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 Madison Covered stands at 8.37, as last reported on the 21st of May, with the highest price reaching 8.37 and the lowest price hitting 8.37 during the day.
If you're considering investing in Madison Mutual Fund, it is important to understand the factors that can impact its price. We consider Madison Covered very steady. Madison Ered Call has Sharpe Ratio of 0.15, which conveys that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Madison Covered, which you can use to evaluate the volatility of the fund. Please verify Madison Covered's Mean Deviation of 0.3352, downside deviation of 0.5573, and Risk Adjusted Performance of 0.0908 to check out if the risk estimate we provide is consistent with the expected return of 0.0771%.
Madison Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Madison |
Sharpe Ratio = 0.1469
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | MENCX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.52 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Madison Covered is performing at about 11% 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 Madison Covered by adding it to a well-diversified portfolio.
Madison Covered Valuation on March 20, 2024
It is possible to determine the worth of Madison Covered on a given historical date. On March 20, 2024 Madison was worth 8.33 at the beginning of the trading date compared to the closed value of 8.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Madison Covered mutual fund. Still, in general, we apply an absolute valuation method to find Madison Covered'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 Madison Covered where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Madison Covered's related companies.
| Open | High | Low | Close | Volume | |
| 8.29 | 8.29 | 8.15 | 8.15 | 1.00 | |
03/20/2024 | 8.33 | 8.33 | 8.19 | 8.19 | 1.00 |
| 8.34 | 8.34 | 8.20 | 8.20 | 1.00 |
| Backtest Madison Covered | | | Madison Covered History | | | Madison Covered Valuation | Previous | Next |
Madison Covered Trading Date Momentum on March 20, 2024
| On March 21 2024 Madison Ered Call was traded for 8.20 at the closing time. The highest daily price throughout the period was 8.34 and the lowest price was 8.20 . There was no trading activity during the period 1.0. Lack of trading volume on 03/21/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.12% . The trading delta at closing time to current closing price is 1.47% . |
Madison Ered Call Fundamentals Correlations and Trends
By evaluating Madison Covered'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 Madison Covered's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Madison financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Madison Covered Mutual Fund history
Madison Covered 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 Madison is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Madison Ered Call 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 Madison Covered stock prices may prove useful in developing a viable investing in Madison Covered
The fund invests, under normal conditions, primarily in common stocks of large- and mid-capitalization issuers that are, in the view of the funds investment adviser, selling at a reasonable price in relation to their long-term earnings growth rates. It will invest at least 80 percent of its net assets in common stocks, with at least 65 percent of this amount invested in common stocks of large capitalization issuers that meet the funds selection criteria.
Madison Covered Mutual Fund Technical Analysis
Madison Covered 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
Madison Covered Period Price Range
Low | March 20, 2024
| High |
8.33 | 8.19 |
Madison Covered May 21, 2024 Market Strength
Market strength indicators help investors to evaluate how Madison Covered 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 Madison Covered shares will generate the highest return on investment. By undertsting and applying Madison Covered mutual fund market strength indicators, traders can identify Madison Ered Call entry and exit signals to maximize returns
Madison Covered Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Madison Covered's price direction in advance. Along with the technical and fundamental analysis of Madison Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Madison 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 | 0.0908 | |||
| Jensen Alpha | 0.0607 | |||
| Total Risk Alpha | 0.0116 | |||
| Sortino Ratio | 0.0093 | |||
| Treynor Ratio | 0.3994 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Madison Ered Call. 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 Madison Ered Call information on this page should be used as a complementary analysis to other Madison Covered'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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.