Steelpath Select 40 Fund Price on November 26, 2019
MLPEX Fund | USD 6.74 0.03 0.45% |
Below is the normalized historical share price chart for Steelpath Select 40 extending back to May 31, 2011. 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 Steelpath Select stands at 6.74, as last reported on the 28th of March, with the highest price reaching 6.74 and the lowest price hitting 6.74 during the day.
If you're considering investing in Steelpath Mutual Fund, it is important to understand the factors that can impact its price. We consider Steelpath Select very steady. Steelpath Select owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.28, which indicates the fund had a 0.28% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Steelpath Select 40, which you can use to evaluate the volatility of the fund. Please validate Steelpath Select's Semi Deviation of 0.2463, risk adjusted performance of 0.1451, and Coefficient Of Variation of 384.41 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%.
Steelpath Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Steelpath |
Sharpe Ratio = 0.2776
Best Portfolio | Best Equity | |||
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Small Returns | MLPEX | |||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
0.61 actual daily | 5 95% of assets are more volatile |
Expected Return
0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
0.28 actual daily | 21 79% of assets perform better |
Based on monthly moving average Steelpath Select is performing at about 21% 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 Steelpath Select by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
MSFT | Microsoft | |
GOOG | Alphabet Class C | |
S | SentinelOne |
About Steelpath Select Mutual Fund history
Steelpath Select 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 Steelpath is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Steelpath Select 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 Steelpath Select stock prices may prove useful in developing a viable investing in Steelpath Select
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.
Steelpath Select Mutual Fund Technical Analysis
Steelpath Select 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
Steelpath Select Period Price Range
Steelpath Select March 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Steelpath Select 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 Steelpath Select shares will generate the highest return on investment. By undertsting and applying Steelpath Select mutual fund market strength indicators, traders can identify Steelpath Select 40 entry and exit signals to maximize returns
Daily Balance Of Power | 9.2 T | |||
Rate Of Daily Change | 1.0 | |||
Day Median Price | 6.74 | |||
Day Typical Price | 6.74 | |||
Price Action Indicator | 0.015 | |||
Period Momentum Indicator | 0.03 | |||
Relative Strength Index | 70.28 |
Steelpath Select Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Steelpath Select's price direction in advance. Along with the technical and fundamental analysis of Steelpath Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Steelpath 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 | 0.1451 | |||
Jensen Alpha | 0.1468 | |||
Total Risk Alpha | 0.0115 | |||
Sortino Ratio | 0.0335 | |||
Treynor Ratio | (5.73) |
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Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
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 Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Steelpath Mutual Fund analysis
When running Steelpath Select's price analysis, check to measure Steelpath Select's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Steelpath Select is operating at the current time. Most of Steelpath Select's value examination focuses on studying past and present price action to predict the probability of Steelpath Select's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steelpath Select's price. Additionally, you may evaluate how the addition of Steelpath Select to your portfolios can decrease your overall portfolio volatility.
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