The Ered Bridge Fund Price on April 9, 2024
| TCBAX Fund | USD 8.96 0.01 0.11% |
Below is the normalized historical share price chart for The Ered Bridge extending back to October 01, 2013. 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 The Covered stands at 8.96, as last reported on the 5th of May, with the highest price reaching 8.96 and the lowest price hitting 8.96 during the day.
If you're considering investing in The Mutual Fund, it is important to understand the factors that can impact its price. We consider The Covered very steady. Ered Bridge owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0789, which indicates the fund had a 0.0789% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for The Ered Bridge, which you can use to evaluate the volatility of the fund. Please validate The Covered's Risk Adjusted Performance of 0.034, coefficient of variation of 1767.49, and Semi Deviation of 0.5041 to confirm if the risk estimate we provide is consistent with the expected return of 0.042%.
The Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
The |
Sharpe Ratio = 0.0789
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TCBAX |
Estimated Market Risk
| 0.53 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average The Covered is performing at about 6% 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 The Covered by adding it to a well-diversified portfolio.
The Covered Valuation on April 9, 2024
It is possible to determine the worth of The Covered on a given historical date. On April 9, 2024 The was worth 9.19 at the beginning of the trading date compared to the closed value of 9.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of The Covered mutual fund. Still, in general, we apply an absolute valuation method to find The Covered'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 The Covered where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against The Covered's related companies.
| Open | High | Low | Close | Volume | |
| 9.14 | 9.14 | 9.14 | 9.14 | 1.00 | |
04/09/2024 | 9.19 | 9.19 | 9.19 | 9.19 | 1.00 |
| 9.07 | 9.07 | 9.07 | 9.07 | 1.00 |
| Backtest The Covered | | | The Covered History | | | The Covered Valuation | Previous | Next |
The Covered Trading Date Momentum on April 9, 2024
| On April 10 2024 The Ered Bridge was traded for 9.07 at the closing time. The highest daily price throughout the period was 9.07 and the lowest price was 9.07 . There was no trading activity during the period 1.0. Lack of trading volume on 04/10/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 1.31% . The trading price change to current closing price is 2.50% . |
Ered Bridge Fundamentals Correlations and Trends
By evaluating The Covered'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 The Covered's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. The financial account trend analysis is a perfect complement when working with valuation or volatility modules.About The Covered Mutual Fund history
The Covered 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 The is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ered Bridge 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 The Covered stock prices may prove useful in developing a viable investing in The Covered
The fund seeks to meet its investment objective by investing, under normal market conditions, in dividend paying equity securities of domestic and foreign large capitalization companies. The advisor expects to invest up to 20 percent of the funds assets in foreign securities and the remainder in domestic securities. It is expected that the funds strategy will result in high portfolio turnover.
The Covered Mutual Fund Technical Analysis
The Covered 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
The Covered Period Price Range
Low | April 9, 2024
| High |
9.19 | 9.19 |
The Covered May 5, 2024 Market Strength
Market strength indicators help investors to evaluate how The Covered 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 The Covered shares will generate the highest return on investment. By undertsting and applying The Covered mutual fund market strength indicators, traders can identify The Ered Bridge entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 9.19 | |||
| Day Typical Price | 9.19 | |||
| Period Momentum Indicator | (0.23) | |||
| Relative Strength Index | 58.15 |
The Covered Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for The Covered's price direction in advance. Along with the technical and fundamental analysis of The Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of The 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 | 0.034 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0311 |
| Cycle Indicators | ||
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| Math Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Ered Bridge. 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 nation. Note that the Ered Bridge information on this page should be used as a complementary analysis to other The Covered'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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.