Health Care Fund Price on December 8, 2021
| RYHEX Fund | USD 35.85 0.18 0.50% |
Below is the normalized historical share price chart for Health Care Fund extending back to June 21, 2005. 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 Health Care stands at 35.85, as last reported on the 17th of April 2024, with the highest price reaching 35.85 and the lowest price hitting 35.85 during the day.
If you're considering investing in Health Mutual Fund, it is important to understand the factors that can impact its price. Health Care Fund holds Efficiency (Sharpe) Ratio of -9.0E-4, which attests that the entity had a -9.0E-4% return per unit of standard deviation over the last 3 months. Health Care Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Health Care's market risk adjusted performance of (0.47), and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide.
Health Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Health |
Sharpe Ratio = -9.0E-4
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| Negative Returns | RYHEX |
Estimated Market Risk
| 0.7 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Health Care is not performing at its full potential. However, 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 Health Care by adding Health Care to a well-diversified portfolio.
Health Care Valuation on December 8, 2021
It is possible to determine the worth of Health Care on a given historical date. On December 8, 2021 Health was worth 37.32 at the beginning of the trading date compared to the closed value of 36.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Health Care mutual fund. Still, in general, we apply an absolute valuation method to find Health Care'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 Health Care where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Health Care's related companies.
| Open | High | Low | Close | Volume | |
04/01/2022 | 37.32 | 37.32 | 36.63 | 36.63 | 1.00 |
| 37.11 | 37.11 | 36.43 | 36.43 | 1.00 |
| Backtest Health Care | | | Health Care History | | | Health Care Valuation | Next |
Health Care Trading Date Momentum on December 8, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Health Care Fund Fundamentals Correlations and Trends
By evaluating Health Care'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 Health Care's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Health financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Health Care Mutual Fund history
Health Care 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 Health is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Health Care 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 Health Care stock prices may prove useful in developing a viable investing in Health Care
Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Health Care Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It may invest to a significant extent in the securities of Health Care Companies that have small to mid-sized capitalizations. The fund also may purchase American Depositary Receipts to gain exposure to foreign Health Care Companies and U.S. government securities.
Health Care Mutual Fund Technical Analysis
Health Care 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
Health Care Period Price Range
Low | April 1, 2022
| High |
37.32 | 36.63 |
Health Care April 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Health Care 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 Health Care shares will generate the highest return on investment. By undertsting and applying Health Care mutual fund market strength indicators, traders can identify Health Care Fund entry and exit signals to maximize returns
Health Care Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Health Care's price direction in advance. Along with the technical and fundamental analysis of Health Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Health 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 | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.48) |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Health Care 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 income. Note that the Health Care Fund information on this page should be used as a complementary analysis to other Health Care'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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.