Commonwealth Australianew Zealand Fund Quote
| CNZLX Fund | USD 10.35 0.04 0.38% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Commonwealth Australianew is trading at 10.35 as of the 19th of April 2024; that is -0.38 percent decrease since the beginning of the trading day. The fund's open price was 10.39. Commonwealth Australianew 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 Commonwealth Australianew Zealand 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.
The fund normally invests at least 80 percent of its net assets in the securities of, and depositary receipts , Global Depositary Receipts , and European Depositary Receipts represented by, Australian and New Zealand issuers that are tied economically to Australia or New Zealand. More on Commonwealth Australianew Zealand
Moving against Commonwealth Mutual Fund
| 0.84 | PQTAX | Pimco Trends Managed | PairCorr |
| 0.84 | PQTIX | Aa Pimco Tr | PairCorr |
| 0.84 | PQTNX | Pimco Trends Managed | PairCorr |
| 0.83 | GPMFX | Guidepath Managed Futures | PairCorr |
| 0.77 | GSMHX | Gmo Sgm Major | PairCorr |
| 0.76 | GSMFX | Gmo Sgm Major | PairCorr |
| 0.57 | FNORX | Fidelity Nordic | PairCorr |
Commonwealth 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. Commonwealth Australianew's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Commonwealth Australianew or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Commonwealth Intl Series Tr Funds, Large Funds, Miscellaneous Region Funds, Miscellaneous Region, Commonwealth Intl Series Tr (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Commonwealth Australianew Zealand [CNZLX] is traded in USA and was established 19th of April 2024. Commonwealth Australianew is listed under Commonwealth Intl Series Tr category by Fama And French industry classification. The fund is listed under Miscellaneous Region category and is part of Commonwealth Intl Series Tr family. Commonwealth Australianew currently has accumulated 13.04 M in assets under management (AUM) with minimum initial investment of 200. with the current yeild of 0.0%, while the total return for the last 3 years was -11.38%.
Check Commonwealth Australianew 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 Commonwealth 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 Commonwealth 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 Commonwealth Australianew Zealand 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.
Commonwealth Australianew Target Price Odds Analysis
Based on a normal probability distribution, the odds of Commonwealth Australianew jumping above the current price in 90 days from now is about 99.0%. The Commonwealth Australianew Zealand probability density function shows the probability of Commonwealth Australianew mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Commonwealth Australianew has a beta of 0.6366 suggesting as returns on the market go up, Commonwealth Australianew average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Commonwealth Australianew Zealand will be expected to be much smaller as well. Additionally, commonwealth Australianew Zealand 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 Commonwealth Australianew to move above the current price in 90 days from now is about 99.0 (This Commonwealth Australianew Zealand probability density function shows the probability of Commonwealth Mutual Fund to fall within a particular range of prices over 90 days) .
Commonwealth Australianew Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Commonwealth Australianew market risk premium is the additional return an investor will receive from holding Commonwealth Australianew 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 Commonwealth Australianew. 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 Commonwealth Australianew's alpha and beta are two of the key measurements used to evaluate Commonwealth Australianew's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.5203 | |||
| Standard Deviation | 0.6709 | |||
| Variance | 0.4502 | |||
| Risk Adjusted Performance | (0.09) |
Commonwealth Australianew Against Markets
Picking the right benchmark for Commonwealth Australianew 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 Commonwealth Australianew 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 Commonwealth Australianew is critical whether you are bullish or bearish towards Commonwealth Australianew Zealand at a given time. Please also check how Commonwealth Australianew'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 Commonwealth Australianew 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 Commonwealth Mutual Fund?
Before investing in Commonwealth Australianew, 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 Commonwealth Australianew. To buy Commonwealth Australianew fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Commonwealth Australianew. 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 Commonwealth Australianew fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Commonwealth Australianew Zealand 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 Commonwealth Australianew Zealand 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 Commonwealth Australianew Zealand, 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 Commonwealth Australianew Zealand?
The danger of trading Commonwealth Australianew Zealand 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 Commonwealth Australianew 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 Commonwealth Australianew. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Commonwealth Australianew 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 Commonwealth Australianew Zealand. 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 bureau of economic analysis. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.