Banking Fund Class Fund Price on March 8, 2024
| RYKCX Fund | USD 64.73 0.90 1.41% |
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 64.73, as last reported on the 4th of June, with the highest price reaching 64.73 and the lowest price hitting 64.73 during the day.
If you're considering investing in Banking Mutual Fund, it is important to understand the factors that can impact its price. We consider Banking Fund not too volatile. Banking Fund Class secures Sharpe Ratio (or Efficiency) of 0.0336, which signifies that the fund had a 0.0336% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Banking Fund Class, which you can use to evaluate the volatility of the entity. Please confirm Banking Fund's Mean Deviation of 0.8682, downside deviation of 1.24, and Risk Adjusted Performance of 0.0528 to double-check if the risk estimate we provide is consistent with the expected return of 0.038%.
Banking Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Banking |
Sharpe Ratio = 0.0336
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Estimated Market Risk
| 1.13 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Banking Fund is performing at about 2% 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 Banking Fund by adding it to a well-diversified portfolio.
Banking Fund Valuation on March 8, 2024
It is possible to determine the worth of Banking Fund on a given historical date. On March 8, 2024 Banking was worth 63.53 at the beginning of the trading date compared to the closed value of 63.53. 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 | |
| 63.65 | 63.65 | 63.65 | 63.65 | 1.00 | |
03/08/2024 | 63.53 | 63.53 | 63.53 | 63.53 | 1.00 |
| 63.56 | 63.56 | 63.56 | 63.56 | 1.00 |
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Banking Fund Trading Date Momentum on March 8, 2024
| On March 11 2024 Banking Fund Class was traded for 63.56 at the closing time. The highest daily price throughout the period was 63.56 and the lowest price was 63.56 . There was no trading activity during the period 1.0. Lack of trading volume on 03/11/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.05% . The overall trading delta to current closing price is 1.67% . |
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.