Banking Fund Class Fund Price on February 27, 2024
| RYKCX Fund | USD 62.66 0.68 1.07% |
Below is the normalized historical share price chart for Banking Fund Class extending back to June 09, 2003. 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 Banking Fund stands at 62.66, as last reported on the 11th of June 2024, with the highest price reaching 62.66 and the lowest price hitting 62.66 during the day.
If you're considering investing in Banking Mutual Fund, it is important to understand the factors that can impact its price. Banking Fund Class secures Sharpe Ratio (or Efficiency) of -0.0125, which signifies that the fund had a -0.0125% return per unit of risk over the last 3 months. Banking Fund Class exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Banking Fund's Mean Deviation of 0.8516, risk adjusted performance of 0.0062, and Downside Deviation of 1.29 to double-check the risk estimate we provide.
Banking Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Banking |
Sharpe Ratio = -0.0125
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | RYKCX |
Estimated Market Risk
| 1.17 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Banking Fund 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 Banking Fund by adding Banking Fund to a well-diversified portfolio.
Banking Fund Valuation on February 27, 2024
It is possible to determine the worth of Banking Fund on a given historical date. On February 27, 2024 Banking was worth 61.82 at the beginning of the trading date compared to the closed value of 61.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Banking Fund mutual fund. Still, in general, we apply an absolute valuation method to find Banking Fund'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 Banking Fund where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Banking Fund's related companies.
| Open | High | Low | Close | Volume | |
| 61.12 | 61.12 | 61.12 | 61.12 | 1.00 | |
02/27/2024 | 61.82 | 61.82 | 61.82 | 61.82 | 1.00 |
| 61.34 | 61.34 | 61.34 | 61.34 | 1.00 |
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Banking Fund Trading Date Momentum on February 27, 2024
| On February 28 2024 Banking Fund Class was traded for 61.34 at the closing time. The highest daily price throughout the period was 61.34 and the lowest price was 61.34 . There was no trading activity during the period 1.0. Lack of trading volume on 02/28/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.78% . The overall trading delta to current closing price is 2.77% . |
Banking Fund Class Fundamentals Correlations and Trends
By evaluating Banking Fund'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 Banking Fund's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Banking financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Banking Fund Mutual Fund history
Banking Fund 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 Banking is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Banking Fund Class 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 Banking Fund stock prices may prove useful in developing a viable investing in Banking Fund
The fund invests substantially all of its net assets in equity securities of Banking 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 Banking Companies that have small to mid-sized capitalizations.
Banking Fund Mutual Fund Technical Analysis
Banking Fund 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
Banking Fund Period Price Range
Low | February 27, 2024
| High |
61.82 | 61.82 |
Banking Fund June 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Banking Fund 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 Banking Fund shares will generate the highest return on investment. By undertsting and applying Banking Fund mutual fund market strength indicators, traders can identify Banking Fund Class entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 61.82 | |||
| Day Typical Price | 61.82 | |||
| Period Momentum Indicator | 0.84 | |||
| Relative Strength Index | 45.22 |
Banking Fund Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Banking Fund's price direction in advance. Along with the technical and fundamental analysis of Banking Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Banking 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 | 0.0062 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.02) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Banking Mutual Fund
Banking Fund financial ratios help investors to determine whether Banking Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Banking with respect to the benefits of owning Banking Fund security.
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