Steelpath Select 40 Fund Quote
| MLPEX Fund | USD 6.63 0.03 0.45% |
Performance18 of 100
| Odds Of DistressLess than 16
|
Steelpath Select is trading at 6.63 as of the 19th of April 2024; that is 0.45 percent up since the beginning of the trading day. The fund's open price was 6.6. Steelpath Select has less than a 16 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Steelpath Select 40 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its net assets in master limited partnership investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources, and in derivatives and other instruments that have economic characteristics similar to such securities.. More on Steelpath Select 40
Moving together with Steelpath Mutual Fund
| 0.91 | OARDX | Oppenheimer Rising | PairCorr |
| 0.88 | AMHYX | Invesco High Yield | PairCorr |
| 0.65 | OSMAX | Oppenheimer International | PairCorr |
Steelpath 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. Steelpath Select's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Steelpath Select or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Invesco Funds, Large Funds, Energy Limited Partnership Funds, Energy Limited Partnership, Invesco, Large, Energy Limited Partnership (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 30th of March 2023 |
| Fiscal Year End | November |
Steelpath Select 40 [MLPEX] is traded in USA and was established 19th of April 2024. Steelpath Select is listed under Invesco category by Fama And French industry classification. The fund is listed under Energy Limited Partnership category and is part of Invesco family. This fund now has accumulated 1.67 B in assets with minimum initial investment of 1 K. Steelpath Select is currently producing year-to-date (YTD) return of 9.36% with the current yeild of 0.07%, while the total return for the last 3 years was 22.32%.
Check Steelpath Select Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Steelpath Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Steelpath Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Steelpath Select 40 Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Steelpath Select 40 Mutual Fund Constituents
| MPLX | MPLX LP | Stock | Energy |
| WMB | Williams Companies | Stock | Energy |
| WLKP | Westlake Chemical Partners | Stock | Materials |
| WES | Western Midstream Partners | Stock | Energy |
| USAC | USA Compression Partners | Stock | Energy |
| TRGP | Targa Resources | Stock | Energy |
| SUN | Sunoco LP | Stock | Energy |
Steelpath Select Target Price Odds Analysis
Based on a normal probability distribution, the odds of Steelpath Select jumping above the current price in 90 days from now is about 25.25%. The Steelpath Select 40 probability density function shows the probability of Steelpath Select mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Steelpath Select has a beta of 0.6115. This indicates as returns on the market go up, Steelpath Select average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Steelpath Select 40 will be expected to be much smaller as well. Additionally, steelpath Select 40 has an alpha of 0.0874, implying that it can generate a 0.0874 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Steelpath Select to move above the current price in 90 days from now is about 25.25 (This Steelpath Select 40 probability density function shows the probability of Steelpath Mutual Fund to fall within a particular range of prices over 90 days) .
Steelpath Select Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Steelpath Select market risk premium is the additional return an investor will receive from holding Steelpath Select 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 Steelpath Select. 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 Steelpath Select's alpha and beta are two of the key measurements used to evaluate Steelpath Select's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.4899 | |||
| Semi Deviation | 0.4282 | |||
| Standard Deviation | 0.63 | |||
| Variance | 0.3969 |
Steelpath Select Against Markets
Picking the right benchmark for Steelpath Select 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 Steelpath Select 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 Steelpath Select is critical whether you are bullish or bearish towards Steelpath Select 40 at a given time. Please also check how Steelpath Select'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 Steelpath Select 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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| All Next | Launch Module |
How to buy Steelpath Mutual Fund?
Before investing in Steelpath Select, 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 Steelpath Select. To buy Steelpath Select fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Steelpath Select. 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 Steelpath Select fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Steelpath Select 40 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 Steelpath Select 40 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 Steelpath Select 40, 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 Steelpath Select 40?
The danger of trading Steelpath Select 40 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 Steelpath Select 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 Steelpath Select. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Steelpath Select 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Steelpath Select 40. 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 Steelpath Select information on this page should be used as a complementary analysis to other Steelpath Select'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.