Ginnie Mae Fund Quote
| BGNMX Fund | USD 8.65 0.06 0.70% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Ginnie Mae is trading at 8.65 as of the 18th of April 2024; that is 0.70% increase since the beginning of the trading day. The fund's open price was 8.59. Ginnie Mae has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Ginnie Mae Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Under normal market conditions, the fund invests at least 80 percent of its net assets in securities issued by the Government National Mortgage Association . GNMA certificates represent interests in pools of mortgage loans and in the cash flows from these loans. More on Ginnie Mae Fund
Moving together with Ginnie Mutual Fund
| 0.99 | CDBCX | Diversified Bond | PairCorr |
| 0.75 | TWACX | Short Term Government | PairCorr |
Ginnie Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ginnie Mae's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ginnie Mae or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | American Century Investments Funds, Large Funds, Intermediate Government Funds, Intermediate Government, American Century Investments (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of August 2022 |
| Fiscal Year End | March |
Ginnie Mae Fund [BGNMX] is traded in USA and was established 18th of April 2024. Ginnie Mae is listed under American Century Investments category by Fama And French industry classification. The fund is listed under Intermediate Government category and is part of American Century Investments family. This fund currently has accumulated 464.47 M in assets under management (AUM) with no minimum investment requirementsGinnie Mae Fund is currently producing year-to-date (YTD) return of 4.7% with the current yeild of 0.01%, while the total return for the last 3 years was -3.84%.
Check Ginnie Mae Probability Of Bankruptcy
Instrument Allocation
Ginnie Mae Target Price Odds Analysis
Based on a normal probability distribution, the odds of Ginnie Mae jumping above the current price in 90 days from now is about 98.0%. The Ginnie Mae Fund probability density function shows the probability of Ginnie Mae mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Ginnie Mae has a beta of 0.3134 suggesting as returns on the market go up, Ginnie Mae average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ginnie Mae Fund will be expected to be much smaller as well. Additionally, ginnie Mae Fund has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Ginnie Mae to move above the current price in 90 days from now is about 98.0 (This Ginnie Mae Fund probability density function shows the probability of Ginnie Mutual Fund to fall within a particular range of prices over 90 days) .
Ginnie Mae Fund Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ginnie Mae market risk premium is the additional return an investor will receive from holding Ginnie Mae long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ginnie Mae. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ginnie Mae's alpha and beta are two of the key measurements used to evaluate Ginnie Mae's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.3557 | |||
| Standard Deviation | 0.4634 | |||
| Variance | 0.2148 | |||
| Risk Adjusted Performance | (0.07) |
Ginnie Mae Against Markets
Picking the right benchmark for Ginnie Mae mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ginnie Mae mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ginnie Mae is critical whether you are bullish or bearish towards Ginnie Mae Fund at a given time. Please also check how Ginnie Mae's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ginnie Mae without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Ginnie Mutual Fund?
Before investing in Ginnie Mae, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Ginnie Mae. To buy Ginnie Mae fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ginnie Mae. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Ginnie Mae fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Ginnie Mae Fund fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Ginnie Mae Fund fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Ginnie Mae Fund, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Ginnie Mae Fund?
The danger of trading Ginnie Mae Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ginnie Mae is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ginnie Mae. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ginnie Mae Fund is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ginnie Mae 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 population. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.